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/ 4 August 2006

Soft sell on stem cells

A R10 000-plus, 21-year insurance policy, with odds of 100 000 to one against a payout, may not seem a good bet — yet 3 000 South African parents have taken the gamble. That’s the number of people who have chosen to store stem cells from their child’s umbilical cord in case he or she needs them for medical treatment over the next two decades.

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/ 4 August 2006

Kebble: Testimony given in secret

South Africans may never get to hear what happened to the millions in misappropriated shares and stolen money redistributed by slain magnate Brett Kebble to a wide network of high-profile beneficiaries. Recently a senior civil court magistrate in Cape Town ordered that the Section 152 inquiry under the Insolvency Act be held in camera.

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/ 4 August 2006

Dave King’s pleading poverty ‘all nonsense’

Entrepreneur Dave King’s claims that South Africa had impoverished him by freezing his assets and that he could not afford legal representation was ”all nonsense”, the Pretoria High Court heard on Thursday. Prosecutor John Myburgh tackled King and his legal team for painting a picture of a poor, impoverished man whose rights were being trampled on.

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/ 4 August 2006

The new and improved Mbeki

Thabo Mbeki’s tough message to the African National Congress to switch its focus from internal divisions to building the party and improving service delivery has won him acclaim from party structures for finally providing leadership. However, a view persists on the left that the ANC president is trying to heap blame on Jacob Zuma for the party’s internal woes, evading his own responsibility.

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/ 4 August 2006

Israel readies for push into Lebanon

The Israeli army on Friday prepared for a possible push deeper into southern Lebanon to drive out Hezbollah which threatened to launch rockets further into Israel if it hits central Beirut. While world powers worked on a United Nations resolution to end the 24-day-long conflict, Israeli jets targeted Hezbollah offices and the house of a senior guerrilla leader in southern Beirut.

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/ 4 August 2006

Anglo earnings up 47% to record $2,5-billion

Global resources giant Anglo American has reported record underlying earnings of $2,5-billion in the half year to 30 June 2006, an increase of 47% over the previous period. The company said the high earnings were achieved against a backdrop of a favourable trading environment with strong metal prices and improved volumes.

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/ 4 August 2006

Apartheid killer finds religion but not remorse

South Africa’s most prolific mass murderer takes another sip of coffee, eases back in his chair and pauses when asked if it is true he shot more than 100 black people. ”I can’t argue with that,” says Louis van Schoor. ”I never kept count.” Seated at a restaurant terrace in East London, a seaside town in the Eastern Cape, the former security guard is a picture of relaxed confidence, soaking up sunshine while reminiscing about his days as an apartheid folk hero.

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/ 4 August 2006

Cosatu condemns interest rate hike

The Congress of South African Trade Unions has slammed Thursday’s rise in the interest rate, saying it will increase the cost of living and slow job creation. ”The current inflation rate remains well within the target range set by the government and in these circumstances, we do not see any reason for the increase,” the union said.