Staff Reporter
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/ 11 May 1999

NIGERIA REVIEWS TOTAL CONTRACT

THE Nigerian government has decided to review a $214,98-million oil refinery maintenance contract with the French oil company Total, a government official said on Tuesday. The official, who was not named, told reporters at the refinery at Kaduna in northern Nigeria, that the government is not happy with Total’s performance at the Kaduna Refinery and […]

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/ 11 May 1999

GULF STOCK EXCHANGE LINK

BAHRAIN and Egypt are a step closer toward linking their stock exchanges following talks between officials from both markets, a newspaper said on Monday. Sameh al-Turjuman, chairman of the Cairo/Alexandria stock exchange, told the Gulf Daily News that efforts to implement a $20-billion-market capital agreement reached last September in Egypt are “encouraging.” But regulatory measures […]

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/ 11 May 1999

GADAFFI IN FOOTBALL TALKS

LIBYAN leader Moammar Gadaffi held talks Wednesday in Tripoli with the president of the Confederation of African Football (CAF), Issa Hayatou. After the talks, Hayatou said that Libya will soon be able to host CAF games after the lifting of the international embargo against it over the Lockerbie Affair. He arrived Sunday evening in Tripoli […]

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/ 11 May 1999

SHELL JUMPS THE GUN

SHELL South Africa has pledged R3800 to the Nelson Mandela Children’s fund after its Ultra City in Umtata inadvertently upped the price of petrol a day early. A technical error resulted in Wednesday’s 18 cents a litre price rise coming into effect at midnight on Monday. The mistake was rectified only eight hours later when […]

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/ 11 May 1999

LUYT JUDGMENT TAINTED

PRESIDENT Nelson Mandela’s legal counsel on Monday said the High Court judgment which overturned the appointment of the Browde commission of inquiry into the affairs of the SA Rugby Football Union was ”riddled with bias”. Advocate Wim Trengove told the Constitutional Court there was a ”pattern of frequently wrong rulings” in the judgment made by […]

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/ 11 May 1999

RENAULTS IN SA

JAPAN’S Nissan Motor Co Ltd will make vehicles for France’s Renault SA at its plants in South Africa and Thailand as part of production sharing following their capital tie-up. Nissan will start making Renault cars in SA as early as 2000, the Nihon Keizai Shimbun said. Until now Renault has reached African markets mainly via […]

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/ 10 May 1999

UGANDAN SHILLING HAMMERED

THE Bank of Uganda on Wednesday blamed “speculators” for the free-fall of the shilling, after its efforts to shore up the currency by selling $25,6-million failed to halt the slide. On Wednesday the dollar bought 1535 shillings and was selling for 1570 shillings. BOU spokesman Walugembe Musoke said speculators are creating abnormal demands on the […]

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/ 10 May 1999

ELNA’S PREGNANT, SAYS ALLAN BOESAK

ALLAN Boesak, who has petitioned the Chief Justice for leave to appeal following his recent six-year sentence for theft, has confirmed that his wife Elna is five months pregnant with their second child. “I’m ecstatic,” Boesak is reported in the Cape Times as saying. He was sentenced in March to six years imprisonment for stealing […]

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/ 10 May 1999

DRC PEACE TALKS POSTPONED

PEACE talks between leaders of the Democratic Republic of Congo and rebels which were scheduled to take place in Nairobi later this week have been postponed, Kenya’s foreign ministry said on Monday.”The proposed national debate for the Democratic Republic of Congo scheduled to take place in Nairobi in mid-May has been postponed to early June, […]

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/ 10 May 1999

Improved Bafana hold Jamaica to draw

OWN CORRESPONDENT, Kingston | Monday 9.00am BAFANA BAFANA completed a two-match tour of the Caribbean by drawing 1-1 with Jamaica at the Independence Stadium in Kingston on Sunday. The 1996 African champions, who suffered a shock 2-0 loss in Trinidad and Tobago on Thursday, showed greater urgency and commitment in a friendly match that seldom […]