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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.

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/ 21 February 2005

Woolies raises R1,9bn via card securitisation

Listed clothing food and homeware retailer Woolworths has successfully completed the first-ever securitisation of its in-store credit card with the issue and private placement of R1,9-billion in AAA-rated notes, the company said on Monday. The group’s new securitisation programme, Account on Us, issued four tranches of notes.

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/ 21 February 2005

Hunter S Thompson commits suicide

Hunter S Thompson, the acerbic counterculture writer who popularised a new form of fictional journalism in books like Fear and Loathing in Las Vegas, fatally shot himself on Sunday night at his Aspen-area home, his son said. He was 67. ”Hunter prized his privacy and we ask that his friends and admirers respect that privacy as well as that of his family,” Juan Thompson said in a statement.

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/ 21 February 2005

Author Dalene Matthee dies aged 67

Acclaimed South African author Dalene Matthee died at the age of 67 on Sunday, news reports said. Matthee penned more than a dozen novels, including Circles in a Forest — an instant bestseller when it was published in 1984 — and Fiela’s Child published in 1986 and later adapted into a film.

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/ 21 February 2005

Ssshhh! Mswati buys himself another luxury car

Swazi King Mswati III has bought a new Mercedes limousine, the latest in a string of luxury car purchases for himself and his 10 wives in the Southern African kingdom. The 36-year-old king caused a stir on Friday when he turned up at the opening of Parliament in his latest acquisition and ordered his bodyguards to block photographers from taking pictures of the new Mercedes S-Class Pullman.

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/ 21 February 2005

Mugabe says he ‘can’t eat with the enemy’

Zimbabwe’s President Robert Mugabe on Sunday prepared to celebrate his 81st birthday, launching a fresh attack on British Prime Minister Tony Blair and hitting out at his sacked information minister Jonathan Moyo. Mugabe also described the relationship between the opposition Movement for Democratic Change and former colonial ruler Britain as ”treasonous”.

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/ 21 February 2005

Hundreds feared dead after ferry sinks

Seventy-nine people are confirmed dead and another 120 are feared drowned after a ferry capsized and sank during a storm in Bangladesh. The double-decker Maharaj was on its way to the eastern town of Chandpur when it went down in the Buriganga river just outside the capital, Dhaka, in strong winds on Saturday night.