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/ 7 December 2004
Seventy-two percent of black economic empowerment (BEE) transactions in 2003 by value involved at least one of the top six BEE consortiums, according to Minister of Trade and Industry Mandisi Mpahlwa. He said the consortiums were ARM, Mvelaphanda, Shanduka (MCI), Safika, Kagiso and Tiso.
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/ 7 December 2004
Business confidence continued its slightly downward trend in November, the South African Chamber of Business index showed on Tuesday. Meanwhile, consumer confidence remained virtually unchanged at optimistic levels in the last quarter of this year, according to figures released on Tuesday.
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/ 7 December 2004
Harmony on Tuesday welcomed the rejection by Gold Fields’ shareholders of the mine’s proposed merger with Canada’s Iamgold and urged Gold Fields’ management to accept Harmony’s merger proposal. "Harmony believes that Gold Fields’ management should now abandon its ill-conceived defence," it said.
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/ 7 December 2004
The original members of the 1980s glam metal band Motley Crue made hard living and wild sexcapades a centerpiece of their music and their lives, selling millions of albums along the way. Now, after a five-year hiatus from performing together, the big-haired, leather-clad Crue members are eager to slip back into the music, if not the lifestyle depicted in hit rockers like Girls, Girls, Girls and Smokin’ in the Boys’ Room.
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/ 7 December 2004
Old men, their grey hair hidden by Sicily’s traditional coppola caps, chat idly one Friday morning in the cobbled square that hosts Corleone’s main church. Nearby, the Ruggirello brothers smile as they serve their customers pitch black espressos in small coffee cups from behind the counter of the Central Bar.
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/ 7 December 2004
The Pennsylvania attorney general’s office on Monday sued an online university for allegedly selling bogus academic degrees — including an MBA awarded to a cat. Investigators paid for a bachelor’s degree for Colby Nolan — a deputy attorney general’s six year-old black cat — claiming he had experience including baby-sitting and retail management.
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/ 7 December 2004
India’s highest court has ordered Pepsi and Coca-Cola to print warnings on their bottles sold in the country that the contents may contain pesticide residues. The Supreme Court ruling late on Monday upheld a judgement by the Rajasthan High Court last month. Responding to the ruling, a Coke spokesperson told The Indian Express, ”Our product manufactured in India is world-class and safe.”
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/ 7 December 2004
Zimbabwe’s Petroleum Marketers’ Association (PMA) has opened tenders for the supply of petrol and diesel. The latest move comes as fuel queues snake through Harare’s streets. The PMA said on Tuesday it is tendering for the monthly supply of 24-million litres of petrol and 26-million litres of diesel.
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/ 7 December 2004
South Africans think President Thabo Mbeki spends too much time out of the country, a survey on foreign affairs has found. Asked if Mbeki devotes too much time to Africa and too little to South Africa, 62% agreed. On the Zimbabwe question, only 11% of those interviewed felt President Robert Mugabe is doing a good job.
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/ 7 December 2004
The JSE Securities Exchange (JSE) was weaker in noon trade on Tuesday, led lower by resources and telecommunications stocks, which were knocked by analysts’ downgrades. Trade was brisk, with about R1,5-billion-worth of shares changing hands. By 12.03pm, the all-share index slipped 0,65%.