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/ 18 January 2008

Lekota: ‘I have learned a hard lesson’

Defence Minister Mosiuoa Lekota was on Friday sentenced to a R5 000 fine or 12 months’ imprisonment for reckless and negligent driving. Wearing a dark suit, glasses with gold frames and accompanied by his bodyguard, Lekota pleaded guilty to exceeding the national speed limit. Last Sunday Lekota was arrested for driving at 189km/h in a 120km/h zone.

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/ 18 January 2008

Zille warns of ‘rising tide’ of police corruption

There is a ”rising tide” of corruption in the South African Police Service [SAPS], Democratic Alliance leader Helen Zille alleged on Friday. ”Minister of Safety and Security [Charles Nqakula] and the leadership of the SAPS need to find the political will to acknowledge the grave threat that police corruption poses to our country,” she said in her weekly newsletter.

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/ 18 January 2008

Foreigners to eye SA’s ‘new faces’

Chief economist of Citigroup in South Africa Jean Mercier says foreigners see more political risk in South Africa now than they have over the past few years, and will be keenly monitoring any "new faces", especially in the key finance and Reserve Bank positions, as these people may be untested at high-level economic decision-making.

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/ 18 January 2008

Zuma gives up Mbeki’s weekly online column

Having taken it over last week from his predecessor, Thabo Mbeki, newly elected leader of the African National Congress (ANC) Jacob Zuma is giving up his weekly pulpit in the ANC’s online newsletter, <i>ANC Today</i>. The weekly sermon was an opportunity, much prized by Mbeki, to deliver often literary admonishments to individuals or organisations.

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/ 18 January 2008

SA growth to slow to 4% in 2008, says economist

Chief economist of Citigroup in South Africa Jean Mercier says he expects a South African growth rate of 4% in 2008, but adds that it should start stabilising towards the second half of the year and then have a bit of a pick-up in 2009. He foresees growth of 4,5% in 2009, with it picking up towards the soccer World Cup in 2010.

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/ 17 January 2008

SA duo make history at South Pole

Two South Africans made history on Thursday when they became the first team to walk unsupported and unassisted to the South Pole. ”They did make it. It’s just divine,” Nadia Harris, wife of one of the pioneers, said after 6pm. The expedition of Alex Harris and Sibusiso Vilane started in November last year.

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/ 17 January 2008

Sanef slams arrest of journalist

The South African National Editors’ Forum (Sanef) said on Thursday that it was outraged by the arrest of an Oudtshoorn journalist. The arrest took place on Tuesday. ”We are outraged at the arrest of the Kaapse Son‘s journalist, Hein Coetzee …,” said Sanef chairperson Raymond Louw.

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/ 17 January 2008

Zuma goes after Rapport — again

African National Congress president Jacob Zuma is claiming R5-million from Rapport for defamation and crimen injuria, his spokesperson Liesl Gottert said on Thursday — a day after he reached a R50 000 out-of-court settlement with the same paper for a previous defamation and crimen injuria claim.

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/ 17 January 2008

ANC does about-turn over Moseneke comments

The African National Congress (ANC) on Thursday made an about turn on its earlier concerns over comments made by Deputy Chief Justice Dikgang Moseneke, issuing a statement confirming its confidence in the integrity of the courts. ”Having listened to Justice Moseneke’s account … the ANC accepts that no ill was intended,” an ANC statement said.

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/ 17 January 2008

Outrage mounts over power cuts

Outrage over the country’s ongoing power cuts spread among business, agricultural and political sectors on Thursday as Eskom announced that the risk for continued cuts over the weekend remained high. ”Load shedding will continue today [Thursday] until after evening peak and the possibility of load shedding remains high,” said Eskom.

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/ 17 January 2008

DA sends ‘wish list’ to Gauteng premier

A ”wish list” of proposals that could improve service delivery has been sent to the Gauteng premier, the Democratic Alliance said on Thursday. Spokesperson and member of the provincial legislature Jack Bloom compiled the list. It has been sent to Premier Mbhazima Shilowa, and includes the actions Bloom believes would improve service delivery.

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/ 17 January 2008

R37,9bn deal firms Anglo’s iron-ore position

Anglo American, the world’s second-largest resources group, on Thursday strengthened its iron-ore portfolio by announcing a $5,5-billion (R37,9-billion) deal that will see it take control of key projects in Brazil. The group is holding exclusive negotiations with Mineração e Metálicos’s controlling shareholder, Eike Batista.

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/ 17 January 2008

Survey: $1 000 gold possible in 2008

"We have to start viewing $1&nbsp;000 as a clear possibility for later this year," precious-metals consultancy GFMS said on Thursday. Releasing its <i>Gold Survey 2007: Update 2</i>, the consultancy projected an average gold price of $840 an ounce over the first half of 2008 with further increases possible later in the year.

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/ 17 January 2008

Home builders to feel the heat

If the South African Reserve Bank needs further evidence of the dampening effect of higher rates on real economic activity, recent building data has been just that, according to independent economic analysts. A major challenge facing the government is also the extreme escalation in building costs.

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/ 17 January 2008

Polly gets set for farewell series

Shaun Pollock said he didn’t want his final round of international matches to be a ”Polly parade” but it is inevitable that South Africa’s star all-rounder will be feted as he makes his last appearances at the country’s major grounds during a five-match one-day international series against the West Indies, which starts at Centurion on Sunday.

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/ 17 January 2008

Survey: China knocks SA from top gold-producer spot

Emerging global superpower China has dethroned South Africa as the world’s largest gold producer after 102 years of holding the prestigious title, precious metals consultancy GFMS said on Thursday. GFMS executive chairperson Philip Klapwijk drew attention to this historic event at the launch of GFMS’s <i>Gold Survey 2007 — Update Two</i>.

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/ 17 January 2008

DA: Power cuts could undermine SA’s growth

South Africa’s future growth could be severely compromised by the country’s lack of sufficient power capacity, the Democratic Alliance (DA) said on Thursday. DA spokesperson Hendrik Schmidt said: ”South Africa’s lack of reserve power capacity has now reached catastrophic proportions and if left unchecked threatens to undermine future growth prospects.”

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/ 17 January 2008

Fernandez to miss Cup clash against Angola

South Africa goalkeeper Rowen Fernandez has been ruled out of the African Cup of Nations Group D clash against Angola in Ghana next Wednesday. The national football association said the Germany-based custodian injured several fingers in a warm-up match against Mozambique last Sunday and was a spectator when South Africa beat Botswana 2-1 on Wednesday.

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/ 17 January 2008

Weaker Anglo, BHP Billiton soften JSE

Resource heavyweights Anglo American and BHP Billiton forced the JSE to turn around from its positive start, dragging it lower by midday on Thursday. At noon, the broader all-share index shed 0,44% as resources lost 2,07%. The platinum- and gold-mining indices pulled back 1,14% and 0,27% respectively.

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/ 17 January 2008

Power cuts to continue on Thursday

Power cuts are set to continue on Thursday, the Tshwane municipality said. ”Once again, load-shedding is due to Eskom generation constraints,” said municipal spokesperson Console Tleane. He said there was a slim chance that load-shedding would not be as ”intense” on Friday.