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/ 24 November 2006

Moody’s says CPIX to peak going into 2007

Moody’s <i>Economy.com</i> expects South Africa’s CPIX inflation to peak in the closing months of the year and to linger at the upper end of the central bank’s 3% to 6% target range going into 2007, before moderating steadily. The recent slowdown in retail sales growth was flagged as a sign that monetary tightening is having its desired effect, it added.

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/ 24 November 2006

Nestlé’s unlikely bogeyman

Politely pouring a cup of tea into a bone china cup in his sumptuous Claridges suite, Peter Brabeck-Letmathe is an unlikely bogeyman. Yet ask many food campaigners to name their least favourite corporate executive and the silver-haired Austrian at the head of the world’s largest food company, Nestlé, would come high on many lists.

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/ 24 November 2006

Do you want ice with that?

The good news is, they are most unlikely to be prosecuted for speeding. Two employees of an ice rink in Boise, Idaho, have been sacked for taking a ride to a local burger drive-thru in a pair of ice resurfacing machines. The Zamboni grooming machines have a top speed of about 8kph.

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/ 24 November 2006

Baghdad’s day of death: five car bombs, 160 killed

An indefinite curfew was imposed on Baghdad on Thursday night and its international airport closed after the city was convulsed by the deadliest sectarian violence since the United States led war began in March 2003. Suspected Sunni-Arab militants launched a salvo of five car bombs and two mortar rounds on the densely populated Shia slum of Sadr City.

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/ 24 November 2006

SAA’s ticket to ‘profitability’

Struggling state-owned airline South African Airways (SAA) was able to report a profit for its past financial year, but a closer look at the balance sheet shows that, but for a change in accounting policy and a government bail-out, the airline would have made a loss. There has been a renewed focus on its finances since the launch of its low-cost subsidiary Mango.

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/ 23 November 2006

Death toll climbs in flood-ravaged Somalia

Heavy flooding in Somalia killed at least seven people overnight, bringing the death toll to 80 from three weeks of torrential rains, witnesses and aid workers said on Thursday. Of the casualties, four were mauled by crocodiles lurking in floodwater in Somalia’s Hiraan region, where the River Shabelle broke its banks and swept through villages, they said.

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/ 23 November 2006

There are no winners

So much for the first week of democracy in the Democratic Republic of Congo. Supporters of the losing presidential candidate Jean-Pierre Bemba clashed with police and the army outside the Supreme Court in Kinshasa, where judges were deliberating his challenge. The judges were forced to flee the building when it was set alight. There can be no more graphic symbol of a lack of respect for the nascent system than this.

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/ 22 November 2006

DRD to proceed with claim against JCI

DRDGold says it intends to proceed with its claim of more than R100-million against JCI after the former company of slain magnate Brett Kebble claimed it had settled the claim in a circular. "We can demonstrate that the conditions for a settlement agreement were never met and, as a result, no settlement was reached," said DRDGold chief executive Mark Wellesley-Wood.

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/ 22 November 2006

Exams too hot to handle for SA students

Pupils who were due to sit examinations at their high school in South Africa are suspected of being behind a fire on Wednesday, which burned down the building, police said. Two classrooms in a prefabricated building at Durban’s Star College were burned to the ground, hours before pupils were to have sat matriculation and internal exams.

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/ 22 November 2006

Aids pandemic gains renewed strength

The spread of the HIV/Aids pandemic continues unabated, with the number of people infected rising once more in some countries which had been thought to be beating the disease, according to the United Nations. There are now 39,5-million living with HIV infection, according to the annual UNAids report, released ahead of World Aids Day on December 1.

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/ 21 November 2006

Japanese company markets do-it-yourself cars

Japanese auto buffs with a passion for classic European designs will get to be builder, mechanic and driver with new do-it-yourself cars unveiled on Tuesday. The miniature car requires the owner to put together all the parts of the car, from the steering wheel to the brakes, with the help of a set of tools and an instruction manual.

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/ 20 November 2006

Nedbank wants to be on shopping lists

Nedbank officially opened its banking kiosk at the Pick ‘n Pay Hypermarket in Northgate this weekend. "Banking within a hypermarket is an innovative way for Nedbank to deliver on its commitment to become more accessible and reach more people," said Alfred Ramosedi, Nedbank retail divisional director.

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/ 20 November 2006

Enraged neighbour torches Iranian party animal’s car

An Iranian man set a neighbour’s luxury car ablaze to stop him from throwing parties and entertaining poorly veiled women, a newspaper reported on Monday. "Every night, my neighbour had parties and invited badly veiled women … I burned his car to teach him a lesson," said the 24-year-old arsonist, identified only as Soheil, according to the <i>Etemad-Melli</i> newspaper.

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/ 20 November 2006

Saddam appeal process under way

The Iraqi tribunal that sentenced ousted president Saddam Hussein to death for crimes against humanity has forwarded its ruling to the appeal court, the first procedural step in the appeal process. "Thirty-four boxes containing the ruling and all documents related to the trial were delivered yesterday [Sunday] to the appeal court," an Iraqi official close to the court said on condition of anonymity.

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/ 20 November 2006

We’re here, we’re queer

<i>Pride: Protest and Celebration</i> is a new book, edited by Shaun de Waal and Anthony Manion, documenting the history of Johannesburg’s lesbian and gay Pride march over its 16-year history. Drawing on the Gay and Lesbian Archives, it uses pictures and personal testimony to trace Pride’s evolution.