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/ 4 February 1999
THE next summit of the Organization for African Unity will be held in Algiers from July 12-14, about two weeks later than originally planned, Algerian television announced on Wednesday.OAU Secretary General Salim Ahmed Salim, who visited the site of the inter-African meeting on Algiers’ western seaboard, said he is satisfied with the preparations for the […]
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/ 4 February 1999
MPUMALANGA Premier Mathews Phosa slammed press reports on Friday that he intends resigning from government as unsubstantiated hype. Phosa said in a terse statement on Thursday that he had no intention of resigning and has never considered stepping down from either his government post or as African National Congress provincial chairman. The denial follows reports […]
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/ 4 February 1999
The United States Federal Reserve kept key US interest rates unchanged on Wednesday, opting for a steady course as the world’s top economy expands — even in the face of financial turmoil abroad. The widely expected decision left the Fed’s rate for overnight loans between banks at 4,75%, where it has been since November. United […]
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/ 4 February 1999
BRYAN PEARSON, Cape Town | Thursday 5.10pm. OPERATION Good Hope, a police operation to crack down on urban terrorism in Cape Town, moved into full swing on Thursday as six members of vigilante group People Against Gangsterism and Drugs were charged in court, another five were arrested and a number of houses raided. Heavily armed […]
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/ 4 February 1999
THE Free State has become the third province to be rescued by central government following the effective collapse of its own financial administration. Cabinet has invoked section 100(1)(a) of the constitution, and may now instruct the provincial government on the steps it must take meet its obligations. Finance Minister Trevor Manuel will announce the details […]
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/ 4 February 1999
SIX employees of a South African meat distributor froze to death after being locked in the back of a refrigerated truck during a robbery in Vereeniging, south of Johannesburg, on Thursday. Police said robbers held up the men at the Houtkop Meat storage premises and locked them in the truck before driving off with a […]
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/ 4 February 1999
THE National Youth Commission said on Wednesday that it is satisfied with the level of enthusiasm shown by the youth and first-time voters during voter registration over the weekend. Concerns were raised after voter registration in November that few young people were registering. On Tuesday, reports from all nine provinces suggested that significant numbers of […]
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/ 4 February 1999
MICHAEL METELITS, Johannesburg | Wednesday 5.00pm. SOUTH African markets moved all over the map on Wednesday, responding to a number of forces before settling for mediocre losses in shares — and mediocre gains in bonds and currency markets. “We had a bit of a bumpy ride” says Kevin Brady, a dealer at Barnard Jacobs Mellet, […]
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/ 4 February 1999
THE Golden Lions senior rugby side will simply be called “the Lions” this year, according to a Golden Lions Rugby Union statement made on Wednesday. Notwithstanding the existence of the British Lions, the name change will go ahead, while a major sponsor has been collared in the form of clothing discounter Mr Price. The new […]
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/ 4 February 1999
ANGLOGOLD shareholders on Wednesday voted in favour of buying international mineral group Minorco’s gold interest for $550-million. The move was supported by 99,9% of the issued shares represented at the meeting. Should the deal go ahead, Minorco interests in the Americas will fall under AngloGold management from January 1 1999. AngloGold will pay $150-million in […]