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/ 29 August 2005

Nigeria wants to draw SA investors

A three-day conference that took place last week in Johannesburg has highlighted the possibilities for increased trade between South Africa and Nigeria. The Nigeria and South Africa Business Investment Forum 2005 kicked off on August 24, mostly with the aim of attracting South African entrepreneurs to the West African country.

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/ 29 August 2005

Miniskirts ‘only for women with pretty legs’

A district mayor in Budapest has proposed a dress code for city-hall employees under which only women with "pretty legs" can wear short skirts, the Hungarian press reported on Saturday. Gyorgy Mitnyan, the conservative mayor of the city’s 12th district, is also seeking to ban skirts that are shorter than 2cm to 3cm above the knee.

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/ 29 August 2005

StanBank to buy 25% of Foschini subsidiary

Standard Bank is to acquire 25% of RCS Investment Holdings from fashion retailer Foschini for R358,1-million, with an option to acquire a further 20% stake in the subsidiary. The business of RCS Investments was established five years ago when the Foschini group of companies began an initiative to expand its range of financial services.

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/ 29 August 2005

It pays to shop around

In the United Kingdom the average person remortgages their home every two years. In fact, 50% of all new mortgage advances are switches with people moving from one mortgage lender to another in search of a better lending rate. This is because in the UK mortgages are viewed as a commodity rather than something attached to your bank account.