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/ 13 January 2005
The Red Cross has appealed to the public for food and clothing donations for victims of the recent flooding in KwaZulu-Natal, where some people began receiving assistance on Thursday. "Some dramas, like the recent floods in KwaZulu-Natal, are right on our doorstep," said provincial Red Cross manager Derick Naidoo.
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/ 13 January 2005
The share price of South African clothing retailer Edcon rose by 2% or R5,50 in early trade on Thursday after the group reiterated that it expects its headline earnings per share for the year to the end of March 2005 to be 60% higher than those of the previous year. Edcon also reported a 24% rise in sales and a 26% rise in gross profit for the 13 weeks to January 1.
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/ 12 January 2005
South Africa’s opposition Democratic Alliance has called for Transnet CEO Maria Ramos to break her silence surrounding the sudden resignation of Spoornet CEO Dolly Mokgatle. Railway group Spoornet is a subsidiary of government-owned transport group Transnet.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&a=12&o=195046">Spoornet CEO quits</a>
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/ 11 January 2005
The share price of listed general merchandise, food and alcohol retailer and wholesaler Massmart rose by 1,7% or 75 cents in early trade on Tuesday, supported by its favourable trading statement released late on Monday in an otherwise mixed market for retail stocks.
Property group Gilboa Properties plans to change its name to Absolute Holdings and transfer its listing from the main board of the JSE Securities Exchange (JSE) to the Alternative Exchange (AltX) in 2005, in line with its change in focus from a property-development company to tile wholesaling and retailing, as well as mining.
South African health and beauty retailer New Clicks Holdings is forging ahead with its plans to include pharmacy dispensaries in many of its Clicks stores in the new year, as well as expanding its Hyperpharm brand, despite the current legal and regulatory uncertainties surrounding medicine pricing and pharmacy fees.
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/ 8 December 2004
State-owned South African transport group Transnet has reported an interim pre-tax profit for the six months to the end of September of R774-million, resulting from a 5,3% rise in turnover to R22,4-billion, after posting a loss of R1,06-billion in the year-earlier period.
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/ 7 December 2004
Although denting the reputation of South African wine producers over the short-term, the uncovering of KWV’s use of additives in two of its Sauvignon Blanc wines can have a positive long-term impact on the local wine industry’s image overseas, according to Paul Pontallier, managing director of Château Margaux, the world-famous Bordeaux wine estate.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=176088">KWV names, shames winemakers</a>
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/ 7 December 2004
Shareholders in Cashbuild have approved proposals that will pave the way for the building material retailer to sell a 10% stake in the company to its employee base of approximately 2 000 people across South Africa, of whom more than 90% qualify as historically disadvantaged South Africans.
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/ 6 December 2004
The South African consortium formed by the Airports Company South Africa, Old Mutual plc, the BidVest Group and Indian partner GVK Industries Limited has received official notification from the government of India that it has been pre-qualified in the bid to participate in the privatisation of India’s Mumbai and Delhi airports.