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/ 16 September 2005
PetroSA, the state-owned enterprise at the centre of the Oilgate scandal, admitted to the auditor general that it should have conducted a due diligence investigation before advancing R15-million to Imvume Management in December 2003.
As the <i>Mail & Guardian</i> revealed earlier this year, Imvume passed on R11-million of the advance to the African National Congress, which was suffering a cash-crunch at the time.
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/ 16 September 2005
Honda has just announced that they’ll soon be launching the world’s first production motorcycle equipped with airbags. The new Gold Wing, due to go on sale in about a year’s time, will be fitted with an airbag module containing an airbag and inflator, crash sensors to react to sudden deceleration, and an ECU to interpret whether there’s a collision about to occur.
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/ 16 September 2005
A working coalition of six Non-Governmental Organisations connected to the LGBTI (Lesbian, Gay, Bisexual, Transgender and Intersex) community is calling for the SABC to publicly explain their position on the recent discontinuation of Radio 2000’s <i>Tuesday Nite Live</i>.
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/ 16 September 2005
In <i>The Hitchhikers Guide to the Galaxy</i>, the Deep Thought computer announced that the answer to the ultimate question of life, the universe and everything was 42. Physicists are finding themselves just as frustrated as the super-intelligent beings who built Deep Thought after discovering that the ultimate answer to their questions is a set of meaningless numbers.
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/ 16 September 2005
After its unbundling by holding company Johnnic earlier this year, media group Johnnic Communications has become one of the most eligible maidens on the stock exchange. The problem is, the cost of its lobola has screamed up over the past two years. Johncom’s share price is up 28% since its unbundling in March and this sets the bar that much higher for any potential suitor.
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/ 16 September 2005
Despite increasing wealth and becoming a consumer force to be reckoned with, the emerging black middle class faces financial risks from job volatility and unexpected interest rate hikes. On the positive side, despite increased access to credit and rising levels of indebtedness, this segment of the population is still in many ways shielded from the far greater economic shocks .
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/ 16 September 2005
It would seem that MTN Banking was not the first to market with a pure cellphone banking product. Wizzit, a small company that has purposely stayed under the radar screen for fear of being trampled on by the bigger banks, launched a cellphone-banking product in November last year.
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/ 16 September 2005
Anyone who believes gobbledegook is a flourishing art form will have been well pleased at the joint statement issued last week by Messrs T Mbeki and J Zuma, CEO and Acting Assistant CEO of the people’s consortium, African National Congress, National Party and Imvume Incorporated. Even in its edited form this statement was a masterpiece of its kind.
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/ 16 September 2005
A few years ago, Skype co-founders Niklas Zennstrom and Janus Friis were persona non grata in the United States, scared to enter the country in case they were arrested for unleashing file-swapping Kazaa on the internet. This week, they were glowing in the limelight as they sold their second venture to eBay for $3,2-billion to $4,1-billion.
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/ 16 September 2005
"Police stand on every corner in New York and barricades line the streets. Security is so tight that it is hard to get to where we need to. The United Nations World Summit will bring together the heads of state and governments in the biggest conference of world leaders," writes Grace Mukagabiro, the Oxfam programme coordinator in Rwanda.