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/ 18 October 2005

Israel quietly redraws the road map

At the northern edge of Jerusalem, three towering concrete walls are converging around a rapidly built maze of cages, turnstiles and bomb-proof rooms. The Israeli military built the crossing without fanfare over recent months, along with other similar posts along the length of the vast new ”security barrier” that is enveloping Jerusalem.

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/ 18 October 2005

Migrants ‘were dumped in Sahara desert’

More than 100 African migrants detained by Moroccan police as they tried to get into the Spanish enclave of Melilla have been rescued after being dumped in the middle of the Sahara desert, according to Spanish media reports. The migrants said they had been robbed of their money by Moroccan police and then bussed into the desert.

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/ 18 October 2005

ANC warns Zuma protesters

The African National Congress will not punish the ”unacceptable behaviour” of its members after former deputy president Jacob Zuma’s Durban court appearance, but warned that those caught misbehaving in future will be disciplined. ”The organisation takes strong exception to such conduct,” ANC spokesperson Smuts Ngonyama said.

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/ 18 October 2005

Pick ‘n Pay reports rise in earnings

Listed food retailer Pick ‘n Pay has reported a 16,7% rise in its headline earnings per share for the six months to the end of August 2005 to 55,31 cents from 47,41 cents a year earlier. The company declared an interim dividend up 17,7% to 23,3 cents per share, compared with the 19,8 cents declared at the interim stage in 2005.

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/ 18 October 2005

SA’s world profit beaters

Leading South African companies are world beaters in the profit stakes. The Cabinet was recently handed a document by the Department Trade and Industry, which calls for new interventions, including by the competition authorities, to lower prices charged by top corporations.

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/ 18 October 2005

Absa’s Zim bank pretext ‘nonsense’

Absa’s claim that it had no knowledge of irregular lending practices at its Zimbabwe associate, the Jewel Bank, is ”nonsense”, says a senior employee formerly stationed at the Harare bank. In August, reports revealed that the Jewel Bank, in which Absa has a 25% stake, had helped Zimbabwe’s Central Intelligence Organisation acquire a stake in two privately owned newspapers.