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/ 3 September 2007

Telkom says it is in talks with Vodafone and MTN

South Africa’s Telkom said on Monday it was in talks with Britain’s Vodafone and MTN, sparking talk it wants to sell its fixed-line business and its stake in cellphone operator Vodacom. Telkom gave no further details. Vodafone and MTN — sub-Saharan Africa’s biggest cellphone operator — said separately the talks were at a ”very preliminary stage”.

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/ 3 September 2007

Floor-crossing helps ANC in W Cape

The floor-crossing saga took another turn on Monday as the African National Congress claimed control of the Drakenstein and Knysna municipalities. Meanwhile, the ID’s caucus leader in the Cape Town city council, Simon Grindrod, strongly criticised former ID councillor David Sasman, now leader of the National People’s Party.

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/ 3 September 2007

Sanco backs SABC withdrawal from Sanef

The South African National Civic Organisation (Sanco) on Monday commended the South African Broadcasting Corporation (SABC) for its ”brave and patriotic decision” to break ties with the South African National Editors’ Forum (Sanef). The SABC broke ranks with the forum in protest over its stance on Health Minister Manto Tshabalala-Msimang.

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/ 3 September 2007

Boks head to France in upbeat mood

Jake White’s Springboks were due to leave for the World Cup in France later on Monday in an upbeat mood in stark contrast to the disastrous build-up to the last edition in Australia. In 2003 there was general discontent in Rudolf Straeuli’s camp after players were sent on the infamous military-style Kamp Staaldraad, while claims of racism rocked the squad.

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/ 3 September 2007

SA August PMI falls to year low

South Africa’s Purchasing Managers Index (PMI) fell to its lowest level in more than a year in August, but prospects were still positive, sponsor Investec said on Monday. The monthly measure of manufacturing activity dropped to 54,3 from 57,7 in July, largely due to a sharp fall in growth of business activity and slower sales growth.

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/ 3 September 2007

Conditions key for bowlers at Twenty20 Cup

South African captain Graeme Smith believes bowlers could play as big a role as batsmen at the inaugural Twenty20 World Cup his nation is hosting from September 11. ”I’m unsure whether batsmen are going to totally dominate. No one really knows what conditions are going to be like at this time of year,” Smith said.

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/ 3 September 2007

Parliament has ‘cleaned up its act’

Officials of South Africa’s Parliament boasted on Monday that for the first time since 2003/04 the institution had received a clean bill of financial health from the Auditor General. There is, according to the secretary of Parliament, Zingile Dingani, no qualification and no matter of emphasis in the report.

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/ 3 September 2007

Cops crack down in Jo’burg crime blitz

More than 200 people were arrested in Johannesburg over the weekend for crimes including rape and robbery, police said on Monday. Captain Bhekizizwe Mavundla said Hillbrow police arrested 203 people between Friday and Monday morning. Other crimes included pointing of a firearm and being in possession of dagga.

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/ 3 September 2007

JSE a touch firmer in midday trade

The JSE continued on a lacklustre path as it edged up slightly from its flat open to trade 0,68% higher at midday on Monday. World markets were also flat at midday amid a continued lack of activity as United States traders took a day off to celebrate Labour Day. By midday on the JSE, the all-share index was up 0,68%.

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/ 3 September 2007

Is SA’s trade balance sustainable?

Given the outlook for continued strong investment over the next few years, it appears that South Africa’s trade balance is sustainable going forward at about current levels, said global analysts Lehman Brothers on Monday. However, they do expect the current high trade imports to affect the current-account deficit.

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/ 3 September 2007

Sundowns struggling after another loss

Mamelodi Sundowns lost ground in their challenge for an African Confederation Cup final place this weekend after losing 1-0 to Astres Douala in Cameroon. A softly awarded penalty midway through the second half settled the Group A clash with Roland Ndjam sending Calvin Marlin the wrong way from the spot kick.

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/ 3 September 2007

DA vows to hold Cape Town

The leader of South Africa’s main opposition party on Monday said floor-crossing would not change the balance of power in Cape Town, the only major city not controlled by the ruling African National Congress (ANC). The DA opposes floor-crossing, which it says favours the ANC and weakens democracy.

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/ 2 September 2007

Four-year-old survives mall balcony fall

A four-year-old boy was in a serious but stable condition in hospital after falling from a balcony at the Cresta shopping centre in Northcliff, said Johannesburg paramedics on Sunday. A Netcare 911 spokesperson said the incident occurred on the first level of the complex near several restaurants on Saturday night.

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/ 2 September 2007

Zim has no cash for wheat consignment

President Robert Mugabe’s cash-strapped government in Zimbabwe cannot afford to pay for 36 000 tonnes of wheat stuck at the nearest seaport of Beira in Mozambique, reports said on Sunday. Bread has been in short supply since Mugabe’s government imposed sweeping price controls on all goods and services.

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/ 2 September 2007

Gloomy numbers cloud SA economic optimism

A string of gloomy data has clouded some of the optimism surrounding the South African economy, raising fears of another interest-rate hike and casting doubt on government growth forecasts. Figures released on Tuesday showed that growth had slowed by 0,2 percentage points to 4,5% in the second quarter of 2007.