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/ 17 October 2005

Police charge drug trafficker after fraud

Police in Portugal have charged a man with drug-trafficking offences after he sold a 20-year-old a bag of beans that he claimed were Ecstasy pills, daily newspaper <i>Correio da Manha</i> reported on Saturday. The youth met the man, who police say is a known drug dealer, on Thursday in the northern town of Matosinhos.

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/ 17 October 2005

Tsvangirai begins poll boycott campaign

Zimbabwe opposition leader Morgan Tsvangirai is set to visit all of the country’s ten provinces in a bid to bolster support for a boycott of next month’s senate elections. The move by the leader of the Movement for Democratic Change comes amid a deepening crisis in the party, with the majority of members in the party’s national council in favour of participating in the polls.

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/ 17 October 2005

Commodities give JSE a lift

After its sell-off last week, the JSE was rebounding just before midday on Monday, assisted by higher commodity prices. Volumes were relatively light, however, and a dealer cautioned that the bourse’s recovery might be short-lived. By 11.51am, the all-share index added 0,97%.

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/ 17 October 2005

Sharon freezes contact with Abbas

Israel has decided to suspend all contacts with the Palestinian Authority following a shooting attack that killed three Jewish settlers in the West Bank, Israeli security sources said on Monday. Israeli and Palestinian officials had been due to hold a series of meetings in the coming days to prepare the groundwork for a summit between Israeli Prime Minister Ariel Sharon and Palestinian leader Mahmoud Abbas.

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/ 17 October 2005

Sasfin hoping to announce BEE deal soon

Specialist banking and financial services group Sasfin is hoping to announce a black economic empowerment (BEE) deal soon. Chairperson Martin Glatt said on Monday that although negotiations leading to a BEE transaction had taken longer than the group had anticipated, Sasfin was at advanced stage of negotiations with potential BEE partners in respect of a 10% interest in the capital of the bank.

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/ 17 October 2005

Strong belief in ANC persists

”Tell me exactly what difference there is between the Vaal in 1994 and the Vaal in 2005,” challenged a resident sitting on a street corner in Small Farms, Evaton. This old township was visited by President Thabo Mbeki three years ago. He pledged to turn its fortunes around with a new strategy called the Evaton Renewal Project.

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/ 17 October 2005

No change, no vote

A year after Harrismith’s impoverished Intabazwe township erupted against poor service delivery, the community has vowed they will not vote, or will vote for opposition parties, in the upcoming local government elections. They insist that promises made by the African National Congress-led council have been dishonoured.