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/ 5 May 2005

Harmony starts to ‘sell the kitchen silver’

The Gold Fields mining company painted a grim picture on Thursday of the financial state of rival Harmony, whose hostile takeover bid it is seeking to halt. Figures presented at the Competition Tribunal in Pretoria showed that Harmony’s cash burn for the year June 2004 to March 2005 amounted to R1,75-billion compared to Gold Fields’ R748-million.

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/ 5 May 2005

Southern Sun acquires Garden Court

The Southern Sun hotel group has bought the Garden Court brand from the Intercontinental Hotels group, MD Helder Pereira announced in Johannesburg on Thursday. This forms part of the group’s new brand strategy, which will see the development of three main sectors — deluxe, premier and economy.

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/ 5 May 2005

US cannot account for $100m spent in Iraq

United States civilian authorities in Iraq cannot properly account for nearly -million that was supposed to have been spent on reconstruction projects in south-central Iraq, government investigators said. There are indications of fraud in the use of the ,6-million, according to a report released on Wednesday.

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/ 5 May 2005

Time for mobile commerce has yet to arrive

Cellphones may be the fastest-growing technology seen to date in South Africa, yet more than 10 years after the cellular revolution began, full mobile commerce has not touched the lives of most cellphone users. A new study has found that consumer mobile commerce as a mature industry is still three to five years away.

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/ 5 May 2005

Blast at British consulate in New York

An explosion shattered windows outside a building that houses the British consulate in New York City in the early hours of Thursday, but there were no injuries or structural damage, CNN said. The blast came as Britain is holding general elections, and police are investigating its origins, CNN said.

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/ 5 May 2005

Woods ready for Wachovia

Tiger Woods has sufficiently recovered from winning his ninth major and headlines the field at this week’s -million Wachovia Championship. Woods said the Masters win left him emotionally drained and that he recharged his batteries by going spear-fishing. He is well aware that his Masters victory hasn’t silenced all of his critics.