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/ 24 January 2005

Two strong quakes rattle nerves in Asia

Two magnitude-6,3 earthquakes in southern Asia struck eight hours apart on Monday, causing panic but little damage in a region still traumatised by last month’s quake-triggered tsunami that killed tens of thousands. Meanwhile, the number of relief camps in Indonesia’s Aceh province has dropped by about 75% in the past week.

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/ 24 January 2005

Roddick moves up in Australian Open

American second seed Andy Roddick served his way into a third straight Australian Open tennis quarterfinal with a straight-sets victory over German Philipp Kohlschreiber on Monday. Roddick, the 2003 US Open champion, countered stiff resistance in the second set, which went to a tiebreaker before skating away in the final.

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/ 24 January 2005

Astle provides backbone in tsunami match

Opener Nathan Astle’s century provided the backbone in New Zealand’s innings of 256-9 against a World XI in Wellington on Monday in a one-day charity match to raise money for tsunami victims. Astle started aggressively but settled into the anchor role, batting through 44,3 overs of the innings.

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/ 24 January 2005

Thatcher and the coup that failed

The prospect of Mark Thatcher being allowed to return to the United States to rejoin his wife and children in Dallas became more uncertain on Sunday night, as new evidence emerged that his role in an African coup attempt may have been more central than has been admitted, and involved questionable activities in the US.

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/ 24 January 2005

Edcon to acquire Topic(s) chain

Retail group Edcon announced on Monday that it is to acquire clothing chain Topic(s) at a discount to net asset value by using cash resources. Pending approval from the Competition Authorities, and a due diligence investigation, the transaction will be effective from May 29 2005.

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/ 24 January 2005

Kumba moves close to all-time high

Diversified mining group Kumba Resources on Monday came close to an all-time high on continued speculation about the settlement prices for iron ore, which are currently being negotiated. At 9.40am, Kumba was quoted at R57,49, up 28 cents or 0,5% from its Friday close.

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/ 24 January 2005

Investec to raise R522,5m via share issue

Johannesburg- and London-listed financial services group Investec plans to raise R522,5-million via the issue of five million new preference shares at an issue price of R104,5-million, the company announced on Monday. The preference share offering opens on Monday and closes on Friday February 11.