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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.

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/ 21 February 2005

Discovery sees strong growth

Health and life insurer Discovery Holdings reported a 43% leap in headline earnings for the six months that ended on December 31, 2004. Headline earnings swelled from R134-million to R191-million, resulting in headline earnings per share increasing on a diluted basis from 26,4 cents to 35,7 cents.

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/ 21 February 2005

People’s Budget: Govt should cut VAT

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>The South African government should stop cutting the personal and company income-tax rate but value-added tax (VAT) should be cut by 1% from 14%, according to the People’s Budget, presented by the South African Council of Churches, the South African Non-Governmental Coalition and the Congress of South African Trade Unions.