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/ 13 February 2007

African growth needs financial openness

Africa struggles to turn natural resource exports into lasting wealth because it fails to manage the revenues openly enough, World Bank experts said on Monday. ”We don’t know how governments and the elites receive their money,” said World Bank petroleum economist Eleodoro Mayorga Alba.

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/ 13 February 2007

Survival of the fittest on Vietnam’s roads

It’s a common experience for the first-time visitor to a Vietnamese city: trying to cross a road and waiting in vain for a break in the traffic, a seemingly endless stream of motorised madness. Watching on with fascination and fear, many a newcomer has been glued to the pavement marvelling at the honking avalanche of steel and plastic that is a snapshot of modern Vietnam.

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/ 13 February 2007

Fly-by-nights still flying

The days of bogus private further education and training colleges operating without meeting the necessary legal requirements are numbered, according to the department of education. This is a development that most parents and stakeholders in education would applaud.

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/ 13 February 2007

No marlin on the menu – fishing battle goes green

Sports fishermen better known for battling marlin with rod and reel now are defending their beloved game fish by launching a high-profile campaign to convince diners not to order marlin at restaurants, under the slogan: ”No Marlin on the Menu!” With stocks of the spike-nosed marlin becoming smaller and harder to find even in the Pacific.

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/ 13 February 2007

Therapy through art

Teaching in South Africa has become one of the more challenging professions. Teachers do not only have to deal with a complex curriculum but also with a host of non-academic problems, including hungry, abused, sick, ill-disciplined, orphaned and abandoned learners.

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/ 13 February 2007

Inciting opposition?

Rapule Tabane asked Themba Maseko, chief government spokesperson, to clarify remarks he made about the FNB anti-crime campaign. ”We have been calling for people to take a stand and do something about crime. But if they want to do that by encouraging the community to act against government through hundreds of thousands of letters, then it suggests the problem is the president’s office,” says Maseko.

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/ 12 February 2007

Money buys votes, terror buys privilege

I had an interesting conversation with Professor Ernest Wamba dia Wamba and his self-effacing partner-in-crime, Jacques Depelchin, the other week. We were talking, naturally, about the Congo, DRC, call it what you will. Both are from there and are relatively minor players in current Congo politics.

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/ 12 February 2007

Budget should help increase property ownership

Despite Finance Minister Trevor Manuel’s welcome lighter tax load on property stamp duty and transfer duty implemented since 2002, further relief is needed as house prices continue to rise in South Africa. Easing the tax burden of purchasing a home is a necessity given that house prices are about 15% higher than this time last year.

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/ 12 February 2007

Budget should address crippling VAT penalties

Non-compliance with tax laws is not always driven by an intention to evade tax, yet the harshness of the penalties can cripple a small business while not addressing the root cause of non-observance. A senior tax associate at Webber Wentzel Bowens says that sometimes the cause of tax non-compliance is simply ignorance.