Staff Reporter
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/ 5 July 2004

Mugabe slams door on negotiations

President Robert Mugabe ruled out any new talks with Zimbabwe’s opposition on the country’s economic and political crisis, citing its alleged ties with Britain, the former colonial power, the state Sunday Mail reported. Addressing a ruling party assembly, Mugabe alleged the Movement for Democratic Change was taking orders from British Prime Minister Tony Blair and his government.

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/ 5 July 2004

Amnesty for Iraqi insurgents

Iraq’s new government is expected to announce on Monday an amnesty offer for Iraqi insurgents who have fought against United States forces, in a striking attempt to draw a line under the US occupation of the country. Though the amnesty is aimed at the ”footsoldiers” of the insurgency, it will include the radical Shia cleric Moqtada al-Sadr.

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/ 5 July 2004

What’s wrong with this picture?

A tenet I follow is to invest only in countries whose currency maintains its value over the long term. If, like me, you invest in the United States, you have to ask yourself: Can I expect the US dollar to maintain its long-term value, asks Martin van Blerk. With debts mounting and the dollar sliding, the United States may not be a good investment.

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/ 5 July 2004

Media sans frontières

Two local media groups, Naspers and Johnnic Communications (Johncom), are looking for growth beyond South Africa’s borders. Afrikaans media and pay TV behemoth Naspers is poised for good growth through acquisitions in the Far East and Africa. Its English-medium peer, Johncom, will need to bed down problem areas while keeping one eye on growth in Africa, says John Slettevold, media analyst at UBS Warburg.

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/ 5 July 2004

SA golf star wins European Open

South African Retief Goosen won the European Open by five strokes on Sunday, two weeks after taking the US Open. Goosen, who led by one shot through 54 holes, had a four-under-par 68 to finish at 275. Richard Green (66), Lee Westwood (71) and Peter O’Malley (70) ended at 280.

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/ 5 July 2004

Celebrations as underdogs triumph

Greece erupted in an unprecedented paroxysm of euphoria on Sunday night as a nation with a thin history of footballing glory celebrated its triumph at Euro 2004. Fireworks lit up the night sky over Athens almost as soon as the final whistle sounded half a continent away in Lisbon, as flag-draped Athenians poured onto the streets of the capital.