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/ 21 August 2003

Absa branches out into rural areas

In what it calls a world first, South Africa’s biggest retail bank, Absa, on Wednesday launched a portable device that enables the bank’s staff or agents to capture accounts, issue debit cards and select PINs in areas where people have limited access to a physical bank branch.

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/ 21 August 2003

Sleepwalking to extinction

We cannot say that the remarkable temperatures in Europe last week or the drought in Southern Africa this winter are the result of global warming. What we can say is that they correspond to the predictions made by climate scientists. Humans are relentlessly destroying conditions for life on Earth.

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/ 20 August 2003

New arms deal claim emerges

As Auditor General Shauket Fakie defended the final report of the arms deal investigation before Parliament on Wednesday, a new allegation emerged of irregularities in the awarding of subcontracts.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=19307">Fakie: No changes made to arms report</a>

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/ 20 August 2003

Boesak: Tutu could have faced charges

Cleric Allan Boesak says that if he had taken the stand in his own defence in his year 2000 trial, Archbishop Desmond Tutu could also have ended up facing criminal charges.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=19316">Boesak feels ‘ignored and discarded'</a>

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/ 20 August 2003

A sunlight sensation

South Africa is a water-scarce country, but there is plenty of sun. A group of University of Stellenbosch researchers has effectively used solar energy to produce drinkable water in isolated rural communities – cheaply, reliably and with very low maintenance.

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/ 19 August 2003

History and collecting stuff

Despite what the brain dead moron who was supposedly a teacher may have inculcated in you — history is a fascinating field of study. Often the last thing any political system wants is for people to have a clear idea of how they happen to be where they are.

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/ 18 August 2003

Oil prices rise after Iraq pipeline sabotage

Oil prices rose in London on Monday ahead of the start of full trading as dealers reacted to a presumed sabotage attack on a key Iraqi oil pipeline on Friday, putting it out of service for up to a month.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=19198">Violence kills 10 in Nigerian oil city</a>

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/ 14 August 2003

Reserve Bank paves way for rate cut

The South African Reserve Bank paved the way for a one percentage point cut in prime lending rates on Thursday when it reduced its repo rate by the same margin. Some economists have been calling for a more aggressive rate cut, contending that a reduction of at least 1,5% would be justified.
<li><a class="standardtextsmall" href="http://www.mg.co.za/Content/l3.asp?ao=19066">Banks reduce lending rates</a>
<li><a class="standardtextsmall" href="http://www.mg.co.za/Content/l3.asp?ao=19062">SARB cuts repo rate to 11%</a>

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/ 14 August 2003

Banks reduce lending rates

Absa, First National Bank, Nedbank, Old Mutual and People’s Bank announced they would drop their prime lending rates by one percentage point after the South African Reserve Bank announced on Thursday it would cut the repo rate.
<li><a class="standardtextsmall" href="http://www.mg.co.za/Content/l3.asp?ao=19062">SARB cuts repo rate to 11%</a>