Staff Reporter
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/ 4 June 1999

CO-HOST BID FOR NATIONS’ CUP

TANZANIA and Kenya plan to co-host the 2004 African Nations’ Cup finals, the Football Association of Tanzania (FAT) said on Monday. FAT Secretary-General Ismail Aden Rage said FAT and its Kenyan counterpart, the KFF, reached the decision when top officials of the bodies met in Nairobi last week. Rage represented FAT in the meeting while […]

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/ 4 June 1999

Gambling appeal fails

Mungo Soggot The Pretoria High Court has dealt another blow to the Mpumalanga Gaming Board by refusing leave to appeal against a court order instructing them to hand over videotapes and documents of its deliberations. The decision is the latest in a series of court orders which have reversed or implicitly questioned decisions taken by […]

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/ 4 June 1999

Adviser’s Bill won’t fix `brokers’

The David Gleason Column Most South African financial advisers cannot distinguish between a prospectus and marketing information, are unaware of the legal requirements relating to a prospectus, cannot read or understand financial statements, are unable to assess institutional risk and are unlikely to make intelligent inquiries about the nature of the security underlying secured debentures. […]

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/ 4 June 1999

One night, three CDs

Peter Makurube The release of three jazz albums at the same time? It’s enough to overwhelm the ancestors of South African jazz – a night of their dreams! June 5 sees the launch at Mega Music Warehouse of three new CDs by artists who’ve stayed in the country, who neither emigrated nor sold out to […]

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/ 4 June 1999

NEW NIGERIAN ASSEMBLY MEETS

NIGERIA’S first parliament in more than 15 years opened Thursday in Abuja, electing a former state governor from southeast Nigeria to the country’s third-highest ranking constitutional position. The 109-member Senate and 360-member House of Representatives, elected in landmark polls in February, were declared opened by the clerks of the two assemblies. The upper chamber elected […]

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/ 4 June 1999

IMF HAILS SUDAN’S REFORMS

THE International Monetary Fund on Thursday hailed Sudanese moves to reverse 20 years of economic decline but called for “broader and deeper” reforms to consolidate gains made to date. The IMF, according to a summary of recent discussions of the Sudanese economy by Fund directors, expressed satisfaction with Sudan’s implementation of IMF-monitored programs in 1997 […]

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/ 4 June 1999

It’s not a rocket launch, it’s the election

David Shapshak You can’t help feeling as if someone is on the verge of saying: “Houston, we have a problem.” The main auditorium of the Pretoria showground has been commandeered by the Independent Electoral Commission (IEC) and transformed into a hi-tech election nerve centre, complete with the buzz akin to Nasa-like rocket launches. More accustomed […]

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/ 4 June 1999

ANC flirts with two-thirds amid accounting blips

SARAH BULLEN, Cape Town | Friday 9.00pm THE Independent Electoral Commission admitted huge errors in its accounting of unverified results late on Friday night as results continued to swing like a pendulum over and then back again behind the mark of an African National Congress two thirds majority. Results late on Friday afternoon showed the […]

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/ 4 June 1999

Heystek sued by fellow trustee

Belinda Beresford and Mungo Soggot The flurry of litigation surrounding Magnus Heystek’s controversial handling of a family trust has intensified with a summons issued by the guardian of the trust’s beneficiaries against Heystek and his fellow trustees. Clive Berman, the guardian of the two children who are beneficiaries to the multimillion rand trust, is asking […]