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/ 19 January 2001

Nigeria?s cell licence price driven sky-high

NIGERIA?S government says it is aiming for a GSM mobile phone licence price of over $300m as bidding for three licences heads for a third day with all five bidders – including South African-owned MTN Nigeria and Johnnic?s M-Cell – still in contention. In a country where telecommunications are normally abysmal, the Nigerian Communications Commission […]

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/ 19 January 2001

DURBAN DEEP CUTS LOSSES, SEES PROFIT

TROUBLED South African gold miner Durban Roodepoort Deep Ltd has convinced the market it will soon return to profit and forecast a sharp rise in output this year, boosting its share price. The company kicked off South Africa’s gold reporting season with an after-tax loss of R8.9m in the three months to December 31, significantly […]

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/ 19 January 2001

FUND MANAGERS UPBEAT ON ECONOMY

SOUTH Africa’s fund managers believe their country will escape the global economic slowdown unscathed, with 83% surveyed by Merrill Lynch predicting stronger growth this year. The poll also found that a net 96% predicted a favourable corporate earnings outlook over the next 12 months. The fund managers said they remained strong buyers of financial stocks […]

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/ 19 January 2001

NORTHAM BIDS FOR KROONDAL

NORTHAM Platinum has launched a bid for Kroondal Platinum, a move aimed at growing its business and lifting its profile in the metals industry. Northam, South Africa’s fourth largest platinum miner, said it would consider a R40 per share offer for Kroondal, a significant increase on rival Australian miner Aquarius’ R32 a share bid. Aquarius […]

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/ 18 January 2001

COMMISSION ORDERS ARREST OF PRISON BOSS

NIGERIAS human rights commission has ordered the arrest of the head of the country’s prison service and three police officers. Commission Chairman Justice Chukwudifu Oputa ordered the four men to be arrested for failing to answer a summons to appear. Those summonsed are Comptroller-General of Prisons Mohammed Jarmah, Assistant Commissioner of Police Kehinde Oyenuga and […]

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/ 18 January 2001

Bad old school days relived in US film

ILDA JACOBS, Washington DC | Thursday SOUTH Africa’s old school days, where children were forced to walk silently in single file and were sharply caned into submission, are horribly familiar in a 17-minute film produced in the United States by former Capetonian Greg Watt. Watt, an independent filmmaker, doesn’t identify South Africa in the film, […]