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/ 23 October 2007
South African investors remain confident about one-year returns on the local equity market despite recent increases in interest rates and higher fuel and food prices, a new survey showed on Tuesday. The inaugural investor confidence index showed investors believed Johannesburg stocks would rise steadily in the short term.
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/ 23 October 2007
United States sportswear giant Nike ventured further into the British football market on Tuesday after agreeing to buy rival Umbro, maker of the England soccer strip, for $582-million. The cash bid, worth 195 pence per Umbro share, values the British group at £285-million, a joint statement said.
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/ 23 October 2007
Europe’s top court on Tuesday overturned a German law that protects Volkswagen against takeovers, allowing Porsche to tighten its grip on the wheel of the continent’s biggest carmaker. The European Court of Justice ruled against the "Volkswagen Law", thereby upholding Porsche’s claim to voting rights in line with its 31% stake in VW.
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/ 23 October 2007
KwaZulu-Natal police have arrested a fifth suspect for the murder of historian David Rattray. Police spokesperson Superintendent Muzi Mngomezulu said on Tuesday he could confirm that a fifth suspect had been arrested and was expected to appear in the Pietermaritzburg High Court on Wednesday.
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/ 23 October 2007
Minister of Home Affairs Nosiviwe Mapisa-Nqakula on Tuesday failed to appear before the portfolio committee on home affairs in Parliament to answer allegations of misconduct by her staff. Committee chairperson Patrick Chauke told the committee he received a fax on Monday informing him that she would not be available.
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/ 23 October 2007
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”Awesome”, ”unbelievable” and ”like a fairy tale” is how the Springboks described their homecoming at OR Tambo International Airport in Johannesburg on Tuesday. Showing cool nerves during interviews that at times resembled a scrum, flanker Schalk Burger said he was still getting used to the idea of being a world champion.
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/ 23 October 2007
Gauteng police are investigating a case of abuse by an employee at the Oprah Winfrey Leadership Academy for Girls. This followed an internal investigation of ”misconduct” by the dorm parent against girls at the school, located in Henley-on-Klip, Meyerton, south of Johannesburg.
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/ 23 October 2007
The news that the case file for the PetroSA claim against Imvume Management cannot be found is further evidence of a justice system in a state of advanced decay, according to Hendrik Schmidt, who speaks for the Democratic Alliance (DA) on minerals and energy affairs.
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/ 23 October 2007
Sudan will announce another ceasefire in its four-and-a-half year conflict with rebel groups in Darfur at the weekend, it emerged on Monday. The announcement will come at the opening of Darfur peace talks, which are to take place in the Libyan city of Sitre.
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/ 23 October 2007
If you’re stuck in traffic when Mother Nature calls, Japan’s Kaneko Sangyo Corporation has developed the loo for you. The manufacturer of plastic car accessories drew back the curtain on Tuesday on its new portable toilet for cars. The toilet comes with a curtain large enough to conceal users and a plastic bag to collect waste.