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/ 30 November 2004

Profit taking takes JSE lower

The JSE Securities Exchange (JSE) was weaker in noon trade on Tuesday on the back of profit taking after the bourse’s rally to record highs in recent days. A stronger rand weighed on heavyweight dual-listed and resources stocks, adding to the negative picture.

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/ 30 November 2004

De Lille won’t reveal sources

<img src="http://www.mg.co.za/ContentImages/140506/shaik_icon_new.gif" align=left>Independent Democrats leader Patricia de Lille completed her testimony at the Durban High Court on Tuesday and told how she blew the whistle on alleged arms deal irregularities. After giving evidence in the Schabir Shaik fraud and corruption trial, De Lille said she would "never, never" reveal the source of her information. <li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=126298">Chippy Shaik ‘misinformed’ Scopa</a>

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/ 30 November 2004

Polygamist’s chicken ruffles feathers

Baked chicken catered by a well-known polygamist should be boycotted at an Islamic conference being held in Indonesia, a former president’s wife said on Tuesday. Puspowardoyo, owner of the Indonesian restaurant chain Wong Solo, has four wives and is a vocal advocate for polygamy in the world’s most populous Muslim nation.

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/ 30 November 2004

Kenyan scam inquiry suspended

A marathon public inquiry into Kenya’s biggest financial scandal was adjourned indefinitely on Tuesday following last week’s high court order to have several people, including retired president Daniel arap Moi, testify before it wraps up business. The chairman of the inquiry, Justice Samuel Bosire, said the inquiry did not have the resources to meet the order of the court,

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/ 30 November 2004

103 still missing in mine disaster

Rescue teams resigned themselves on Tuesday to pulling only corpses out of a coal mine where 103 workers remain trapped, as Chinese media demanded investment to mechanise the industry and improve safety. So far 63 bodies have been hauled from Chenjiashan mine in Tongchuan city following the disaster on Sunday.

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/ 30 November 2004

University uproar over heiress who ‘cheated’

It’s not easy being an heiress. While some might think that the life of the hereditary wealthy is merely an endless round of parties, premieres and good works in glamorous locations, the reality can be much more mundane. Take Elizabeth Paige Laurie, an heiress to the Wal-Mart fortune. She not only had to go to college, she was also expected to complete coursework.

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/ 30 November 2004

Drought in western maize belt critical

The drought in South Africa’s western maize belt is becoming critical and planting time for those maize areas is running out, farmer body Grain South Africa (GSA) said in a statement on Monday. Although there was rain in some parts of the western maize belt on the weekend, it was too little and was not distributed widely enough to allow maize farmers to plant, GSA chairperson Bully Botma said.

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/ 30 November 2004

Rand surge is ‘dollar story’

Although the rand has breached five-year highs against the US dollar, its move is a dollar story rather than a rand story, says Vivienne Taberer, portfolio manager at Investec Asset Management. "If you look at the trade-weighted rand, it closed at 61,87 on Monday, a level that is still lower than the trade weighted high of 63,55 reached on the 21st of July, when the rand was trading at R6,31 to the dollar.