Staff Reporter
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/ 9 March 2005

Johnnic appoints new CEO

Media, entertainment and leisure holding group Johnnic Holdings has named acting chief and financial director Christine Ramon its CEO with immediate effect, the group announced on Wednesday. Meanwhile, at the general meeting of shareholders held on Wednesday, Johnnic shareholders approved the unbundling of Johncom.

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/ 9 March 2005

Clinton to have follow-up chest surgery

Bill Clinton is to have another operation to remove scar tissue and fluid from his left chest, following on from his quadruple bypass surgery in September, his office said on Tuesday. The statement said that the procedure was a ”recognised, occasional consequence of open heart surgery”, and carried a low risk.

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/ 9 March 2005

Once mighty Jordan reduced to a trickle

Once it was the mighty Jordan river, a crossroads of civilisations and continents, and a favourite of pilgrims seeking baptism in its waters. Now just about the only thing that flows for large parts of the year, keeping the river alive, is sewage. Decades of competition for water have turned the lower Jordan river, running between the Sea of Galilee and the Dead Sea, into little more than a drainage ditch.

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/ 9 March 2005

VW puts brave face on diminishing returns

Volkswagen, Europe’s biggest carmaker, on Tuesday clung to its forecast of a recovery in profits this year, despite warning that rising raw material prices and the strength of the euro would damage earnings. The group, which saw pre-tax income slump 19% last year to â,¬1,1-billion, issued an unmistakable profits warning for the current quarter.

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/ 9 March 2005

FNB takes banking to cellphones

First National Bank, a division of FirstRand, has launched its new cellphone banking offering, making every handset in South Africa a banking channel. The new service uses SMS technology for customers to conclude banking transactions, increasing mass-market reach and adding functionality.

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/ 9 March 2005

JSE higher despite strong rand

The JSE Securities Exchange was firmer in noon trade on Wednesday, despite a stronger rand. Dealers said that the market was primarily order driven, with few clear trends. By 12.07pm, the all share index added 0,24%. Resources rose 0,69%, with the gold and platinum mining indices jumping 1,34% and 1,39% respectively.