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/ 21 February 2005

Australian claims share of PGA lead

Australia’s Adam Scott completed a second-round 66 on Sunday to join American Chad Campbell atop the leaderboard at the PGA Tour’s rain-ravaged Los Angeles stop, and could only hope the weather gave him a chance to mount a further challenge. Scott finally made it into the clubhouse at nine-under 133.

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/ 21 February 2005

A good year for Tongaat Hulett

South African industrial group Tongaat Hulett on Monday reported a strong return to profitability with basic headline earnings per share of 210,4 cents for the year ended December 31 2004 after a loss of 91,7 cents a year ago. A final dividend of 120 cents per share was declared, making a total of 170 cents for the year, compared with 120 cents per share in 2003.

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/ 21 February 2005

Israeli Cabinet approves removal of Jewish settlers

The Israeli Cabinet on Sunday approved the first-ever removal of Jewish settlers from the Palestinian territories by authorising Ariel Sharon’s plan to pull out of the Gaza strip and a small part of the West Bank. Shortly afterwards, the prime minister signed the order that will make it illegal for 8 000 settlers to remain in Gaza and four West Bank settlements after July 20.

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/ 21 February 2005

New York welcomes IOC delegates

Flag-waving supporters of New York’s bid to host the 2012 Summer Olympic Games greeted delegates of the International Olympic Committee (IOC) on Sunday night, the start of a fast-paced four-day visit. New York is the third stop for members of the IOC after Madrid and London. They will also visit Moscow and Paris.

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/ 21 February 2005

Strong revenue provides room for tax cut

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>Strong government revenue growth should allow Minister of Finance Trevor Manuel to cut taxes when he announces the 2005/06 Budget on Wednesday, but economists are divided as to whether the beneficiaries will be individual tax payers or companies.

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/ 21 February 2005

Solidarity outlines Budget wishes

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>Trade union Solidarity on Monday asked Minister of Finance Trevor Manuel — ahead of his Budget speech on Wednesday — to focus on job creation, which will stimulate economic growth. Solidarity was presenting its wish list for Wednesday’s Budget speech at a media conference in Johannesburg.