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/ 26 January 2005
Coronation Fund Managers (Coronation) has secured third-party funding for its broad-based black economic empowerment (BEE) staff transaction with the Imvula Trust, the group announced on Wednesday. Arising from the transaction, the company is proposing a distribution of 25 cents per Coronation share to shareholders.
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/ 26 January 2005
South Africa’s CPIX inflation (headline inflation excluding mortgage costs) was up 4,3% year-on-year (y/y) for metro and other areas in December, compared with 4,6% y/y in November, Statistics South Africa said on Wednesday. CPIX was down 0,2% month-on-month (m/m) in December compared with a 0,6% m/m rise in November.
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/ 26 January 2005
Ajax Cape Town has signed former South African youth international Seuntjie Motlhajwa on a three-year deal. According to the Premier Soccer League website, the speedy Motlhajwa joined the Urban Warriors from Jomo Cosmos. Motlhajwa is a product of the Transnet Football School of Excellence.
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/ 26 January 2005
Masters champion Phil Mickelson hopes to kick-start his 2005 season this week when he defends his title at the ,7-million Bob Hope Classic that starts in California on Wednesday on four desert golf courses. Mickelson’s triumph in California last year ended an 18-month victory drought.
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/ 26 January 2005
Sixteen of the best horses currently racing in South Africa go to the post just after 5pm on Saturday afternoon to contest the R1,5-million J&B Met at Kenilworth in Cape Town. As always, this is no ordinary race — it is an event that brings the Cape capital to a standstill for many locals and overseas visitors.
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/ 26 January 2005
World number one Lindsay Davenport shattered Alicia Molik’s dream of becoming the first home-grown Australian Open champion since 1978, winning an epic quarterfinal in three sets on Wednesday. Melbourne-based Molik refused to be downcast at the end of a campaign that has helped propel her into the top 10.
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/ 26 January 2005
Andre Agassi has praised Roger Federer’s innate ability to make the court look smaller after his astonishing demolition of the four-times Australian Open winner on Tuesday. The world number one, bidding for his third straight grand slam triumph, crushed eighth-seeded Agassi 6-3, 6-4, 6-4 in their quarterfinal match.
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/ 26 January 2005
The Gauteng health department has identified four hospitals with management problems and poor patient care. ”We are reluctant to name them. We don’t want to inform them through the press. We want to inform them in our own way,” department spokesperson Popo Maja said on Tuesday.
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/ 26 January 2005
Iran will carry out an ”astonishing” retaliation to any attack against the Islamic republic by Israel or the United States, a top Revolutionary Guards commander was quoted as saying on Wednesday. In recent days United States officials have hardened their tone against the Islamic republic, which US President George Bush has already lumped into an ”axis of evil”.
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/ 26 January 2005
Zimbabwe’s traditional stone sculptors, who once earned huge sums from Western tourists, museums and galleries, are now struggling to survive due to their country’s isolation. Many sculptors are now forced to sell their works at a fraction of the price in a country labouring under a slew of economic woes.