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/ 15 February 2005

DA praises ANC on Pretoria naming decision

The African National Congress in Tshwane’s rejection of a proposal raised in its ranks to remove the name Pretoria was welcomed by the Democratic Alliance in the city on Tuesday. ”If the move to remove Pretoria had gone ahead it would have had serious, irreversible repercussions to national reconciliation,” said DA regional chairperson Gert Pretorius.

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/ 15 February 2005

Investec raises R2,3bn via preference shares

Financial services group Investec has raised R1-billion via its public offer of preference shares, increasing the number of new shares issued from five million to 10-million to help meet demand for the shares. Combined with its previous private placement totalling R1,3-billion, the group has raised R2,3-billion via preference share issues.

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/ 15 February 2005

Palace find lends weight to myth

Archaeologists have discovered the remains of a royal palace in the heart of the Italian capital which dates back to the time when the mythical twins Romulus and Remus were said to have founded the city. Until now, legend has described how Rome was founded in 753BC by the sons of Mars, the god of war, who were found and nurtured by a wolf.

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/ 15 February 2005

Zim reporters quizzed over ‘spying’

Zimbabwean police on Monday questioned Jan Raath, correspondent for German news agency DPA, and three other journalists over allegations of ”spying” and of working illegally as reporters. The questioning was the latest in what observers said appeared to be a new crackdown by President Robert Mugabe’s government on foreign correspondents.

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/ 15 February 2005

Beirut’s fragile peace shattered by bomb attack

Rafik Hariri, Lebanon’s former Prime Minister, was assassinated in a huge bomb attack on Monday that killed at least nine others, injured more than a hundred and threatened to shatter the country’s fragile peace. The murder of the billionaire opponent of Syria’s influence in Lebanon raised the spectre of a return to violence 15 years after the civil war.

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/ 15 February 2005

Fourth-quarter GDP rose by 4%

South Africa’s real gross domestic product (GDP) at market prices on a quarter-on-quarter seasonally annualised and adjusted basis rose by 4% in the fourth quarter 2004 from a revised eight-year high of 5,7% in the third quarter 2004, Statistics South Africa said on Tuesday.