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/ 24 July 2007

ANC to fight Kebble trustees in court

The Johannesburg High Court has granted the African National Congress (ANC) leave to defend itself against efforts to force the party to return Brett Kebble’s donations. Trustees of the slain mining magnate’s estate have been trying to force the party to return R3,5-million as well as R875 000 given to the party’s Youth League.

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/ 24 July 2007

Opportunities in Africa

South Africa exports goods and services to about 53 African countries. Last year this amounted to R53,1billion. Steven Matthews, CEO of FNB International Banking, says the 2006 exports represent a 16% increase on the value of exports in 2005 (R45billion). “Zambia was the top African destination for our exports last year, up from third place the previous year," says Matthews.

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/ 24 July 2007

Benefits spread as SA economy booms

The booming economy in South Africa has resulted in greater demand for products and workers from other African countries and added to the revenues already being enjoyed as a result of the high price of commodities. Ian Marsberg, senior economist at Absa, says in 1998 13,6% of South Africa’s merchandise exports went to the rest of Africa and this rose to 14,1% in 2005.

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/ 24 July 2007

Taking on the continent

South African companies have been accessing markets throughout the African continent since the country regained admission into the world trading community. While there have been some less than stellar ventures into Africa, most companies have developed successful African business models that allow them to expand into these new markets and deliver profits to their shareholders.

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/ 24 July 2007

Who’s in charge of the ANC?

Less than a month after its policy conference, the ANC is battling the “two centres of power” as the party fights with its government structures about who is in charge. In the past two weeks the party has overruled two municipalities and the North West provincial government over deployments. In the Eastern Cape, the party told the Nelson Mandela Bay metro mayor Nondumiso Maphazi to put her reshuffling on ice.

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/ 24 July 2007

Man spends $210 000 on London drinks bill

A Middle Eastern businessman spent over  000 in a five-hour, champagne- and vodka-fuelled spending spree in a London nightclub on the weekend. Fraser Donaldson, a representative of Crystal, a club favoured by Prince Harry, said in 20 years working in the industry it was the biggest bill he’d seen from one customer.

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/ 23 July 2007

Local publishing in need of colour, not drivel

The South African world of letters and scholarship is in desperate need of colour. Black women and men are in short supply when it comes to imaginative writing and knowledge creation. Yet the publishing industry, we are told, is experiencing a revolution — a fiction boom to be specific. What exactly is the nature of this boom?