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/ 22 December 2005

SA air crew reunited with families

It was a tearful reunion at the Johannesburg International airport on Wednesday night as two South African air-crew members held captive in Equatorial Guinea for more than a month were reunited with their family and friends. The two had been held in the country since November 17 as pawns in a commercial dispute.

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/ 22 December 2005

Old Mutual confirms higher Skandia acceptance

South Africa- and United Kingdom-listed financial-services group Old Mutual on Wednesday reported a confirmed acceptance level from Skandia shareholders representing 64,28% of the total number of shares and votes in Skandia (on a fully diluted basis), an improvement on the 62,5% level of acceptances previously announced.

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/ 22 December 2005

Barclays now holds 56% of Absa

United Kingdom banking group Barclays plc now owns approximately 56% of South African banking group Absa, the group said on Thursday. This follows the acquisition earlier this year and the purchase of shares on the open market. Absa has also entered into agreements with Barclays for the acquisition of the Barclays South African Branch Business.

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/ 22 December 2005

Bethlehem looks forward to merrier Christmas

The hotels may not be full and Israel’s ”wall” may have cut it off from Jerusalem, but after five years of misery, Bethlehem is looking forward to a slightly happier Christmas. The birthplace of Jesus Christ has been the scene of some of the most notorious episodes of the Palestinian uprising that erupted in September 2000.

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/ 22 December 2005

Ancient blood feud grips part of Kosovo

The centuries-old custom of blood feuds has gripped a part of Kosovo, threatening the lives of people in two clans as it did with thousands of ethnic Albanians in the past. The feud between the two clans began at the end of November when Fadil Mujota, a 36-year-old father of four, was shot dead at a gas station owned by the Beqaj family in the central village of Belinc.

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/ 21 December 2005

Life industry bites a R2,6-billion bullet

The life industries’ settlement of between R2,6-billlion and R3-billion has in part brought finality to the seven-month battle between the life industry and pension funds adjudicator. Recently the National Treasury and Life Offices Association issued statements that agreed to terms in which policy-holders will be reimbursed for fees recouped by life companies as a result of early surrender.