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/ 2 September 2004

Spoornet announces possible retrenchments

More than 900 Spoornet employees may face retrenchment in the next 60 days, the company said in Johannesburg on Thursday. Spoornet acting general manager Vusi Mncube said the possible retrenchments are part of an effort to improve operational efficiency. Spoornet has started consulting unions on the possible retrenchments.

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/ 2 September 2004

Primedia gets the nod to buy KFM

South African media and entertainment group Primedia on Wednesday announced it has received regulatory approval for its proposed acquisition of 100% of the issued share capital of New Africa Media Holdings and, as a result, the acquisition of 66,5% of the entire issued share capital of KFM.

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/ 2 September 2004

Florida braces for huge hurricane

Hurricane Frances lashed the Turks and Caicos and the Bahamas as it barrelled toward Florida, where authorities have declared a state of emergency, ordered evacuations and closed schools. In Palm Beach county, 300 000 residents were told to evacuate their homes by Thursday afternoon.

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/ 2 September 2004

Building collapses on workers in Uganda

Rescuers have pulled five bodies from the rubble of a construction accident in Uganda and were scrambling on Thursday to save more still trapped alive a day after a three-storey building collapsed on them. Workers had been on every floor when the building collapsed on Wednesday morning, witnesses said.

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/ 2 September 2004

Serial child rapist loses appeal bid

Convicted serial child rapist Fanwell Khumalo failed on Thursday in his bid to have his conviction and jail sentence overturned. Khumalo unsuccessfully applied for leave to appeal in the Johannesburg High Court against his conviction and sentence of 42 life terms and more than 270 years in jail.

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/ 2 September 2004

Hurricane fears push up oil prices

Oil prices bubbled higher on Thursday on fears of supply disruptions in the United States from a hurricane headed for Florida, a day after surging in the latest leg of a roller-coaster ride, traders said. The price of benchmark Brent North Sea crude oil for delivery in October rose by seven cents to ,53 a barrel in early trading in London.