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National payment system key for economies

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Pretoria - A well-functioning national payment system is important to an economy and failure of such a system can have devastating effects on an economy, says Reserve Bank Deputy Governor Daniel Mminele.

Police commended for fitness training

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Pretoria - Police Minister Nathi Mthethwa has commended and encouraged members of the South African Police Service (SAPS) who continue to undergo fitness programmes in order to effectively fight crime.

Grooming SA's young to boost technical skills base

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Johannesburg - In a bid to increase the number of individuals in the technical and engineering fields, as well as to aid in youth employment, Transnet Freight Rail (TRF) says it has to date got a total of 700 high school pupils on board its Cadet Scheme.

Zuma urges Carnarvon community to support SKA

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Carnarvon - President Jacob Zuma on Tuesday told the community of Carnarvon in the Northern Cape to do everything they can to support the Square kilometre Array (SKA) telescope project, saying it would open up many opportunities for them.

Dutch fund project to help end bucket system

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East London - East London Mayor Zukiswa Ncitha's mission to end the use of the bucket system in the Metro has been boosted with R2.1 million funding from the city's Dutch sister city.

Summit to address police killings

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Pretoria - The Police Ministry will host a summit on police killings in a bid to find ways of dealing with the problem.

IDC approves R8.4bn funding

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Pretoria - The Industrial Developmental Corporation (IDC) has approved funding of R8.4 billion in the financial year ending March 2011, which will go a long way towards job creation.

New R5 coin goes into circulation

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Pretoria - Commemorative R5 coins in celebration of the 90th Anniversary of the South African Reserve Bank go into circulation today.

Companies penalised for not supporting development

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Johannesburg - Points will be deducted from companies that do not invest in skills and supplier development in terms of the Black Economic Empowerment (BEE) Act, says Trade and Industry Minister Rob Davies.

Transnet revenue up to R45.9bn

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Pretoria - Transnet has reported a 20.9% increase in revenue to R45.9 billion for the year financial ended in March -- up from R38 billion in the previous period, the company said on Tuesday.