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/ 22 February 2006

Moratorium ‘won’t scare off investors’

Arguments that a moratorium on foreign land ownership will scare off investors are ”ideological and hysterical”, the chairperson of the panel of experts that recommended the moratorium said on Wednesday. He said the panel’s recommendation is important and informed by previous policy initiatives.

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/ 22 February 2006

Glitches bedevil FBI’s new computer system

The FBI’s latest attempt to modernise its computers is running behind schedule and its budget already has exceeded the cost of the last failed effort. FBI Director Robert Mueller and other officials have refused to disclose the anticipated cost of the Sentinel program, which will not be fully in place until 2009.

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/ 22 February 2006

Ethics, morality dominate socially conscious Oscars

Oscar has developed a social conscience this year, with weighty real-life themes, ranging from ethics in big business and media to racial tensions, dominating the movies vying for the big prizes. ”All of these films reflect the concerns that the filmmakers have for our society,” said Marty Grove, columnist for the Hollywood Reporter.

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/ 22 February 2006

Weaker rand boosts JSE

The JSE was firmer in noon trade on Wednesday, with a weaker currency boosting heavyweight rand hedge stocks. Good corporate results released before the opening further helped sentiment. By 12.07pm, the all-share and all-share industrial indices added 1,44% and 1,26% respectively.

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/ 22 February 2006

Drought withers Kenyan tea production

Kenya’s tea production fell in January to 17 800 tonnes, half that recorded in the same month last year, owing to a searing drought that has put millions across East Africa in the danger of starvation, the Tea Board of Kenya said on Tuesday. Production was expected to drop again in February and March as a result of the prolonged dry spell predicted by meteorologists.

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/ 22 February 2006

Thai airline to offer direct flights to Johannesburg

Flag carrier Thai Airways International said on Wednesday it would launch direct flights from Bangkok to Johannesburg in October due to rising demand. ”Johannesburg is the hub of air travelling in Africa. It is a good connection and we can get passengers from North and East Africa,” said Wallop Bhukkanasut, Vice-President of the airline’s sales and distribution department.