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/ 16 March 2006

Denel announces major restructure

Struggling state arms-making conglomerate Denel is about to begin unbundling core divisions in the most radical restructuring since its establishment in April 1992, Financial Mail reports in its March 17 edition. The move signals a return to privatisation of Denel for the first time since the government called off a partial merger in 2003.

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/ 16 March 2006

Madagascar hails Annan’s first-ever visit

The Indian Ocean nation of Madagascar on Thursday hailed the first-ever visit by United Nations chief Kofi Annan to the island on a farewell African tour before leaving his post later this year. ”It has always been a dream of mine to receive you here,” said President Marc Ravalomanana after receiving the UN leader.

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/ 16 March 2006

G8 split in nuclear-energy talks

Group of Eight (G8) countries were divided on Thursday on ways to ensure long-term world-energy security, as the European Union admitted its members had diverging views on ambitious plans for developing nuclear power being pushed by Russia and the United States. ”It is a very different approach from the members of the G8.”

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/ 16 March 2006

Security industry prepares for huge strike

The security industry is preparing for next week’s strike by guards, a company said on Thursday. Chubb Security South Africa, one of the country’s larger security companies, said it has a plan in place to ameliorate the impact of the upcoming industrial action. The strike is expected to start on Thursday and last an indefinite period.