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/ 17 December 2004

JSE’s bull run to continue in 2005

This year will be remembered as the year that local equity bulls finally chased the bears into hibernation. As the JSE Securities Exchange’s (JSE) rally gathered steam, more and more money was pumped into the market, with people not wanting to be caught on the wrong side of the rally.

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/ 17 December 2004

Elephants in SNO country?

Several investors in the Second National Operator (SNO) appear to be hedging their bets, using the Elephant Consortium to buy into Telkom, the monopoly service provider with which the SNO was designed to compete. Their involvement raises new competition concerns.

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/ 17 December 2004

New dirt on Telkom deal

Smuts Ngonyama, the African National Congress’s head of presidency, originally stood to be one of the biggest individual beneficiaries from the possible sale of a R6,6-billion stake in Telkom to a consortium led by former director general of communications Andile Ngcaba. A leaked document lays bare the Telkom conflicts and questions.

  • Elephants in SNO country?
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    / 17 December 2004

    Your face is very familiar …

    You’d know that face anywhere? Then thank your right fusiform gyrus. Scientists have identified the bits of the brain that can tell British Prime Minister Tony Blair from James Bond, or whether Margaret Thatcher has borrowed Marilyn Monroe’s hairstyle. The study helps explain that nagging feeling that you know a face, but cannot place it.

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    / 17 December 2004

    Wine estate plans sour

    Developers of a multimillion-rand luxury residential resort in the Cape winelands may have to go back to the drawing board as a result of a protection order issued by the South African Heritage Resource Agency to preserve the cultural history of the region between Stellenbosch and Paarl. There could be significant changes in the initial design plans at the exclusive Boschendal estate.

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    / 17 December 2004

    Great loss for local literature

    One of the many tragic aspects of Phaswane Mpe’s sudden death last Sunday was that he had just embarked on a dramatic new path that he was convinced would bring him fulfilment. Only weeks ago, Mpe gave up a sought-after doctoral fellowship at the Wits Institute for Social and Economic Research (Wiser) to devote himself to an apprenticeship as a healer.

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    / 17 December 2004

    ANC hit by post-poll turmoil

    With only one veteran premier, Gauteng’s Mbhazima Shilowa, left in office after the April elections, the African National Congress has battled inexperience and careerism for most of 2004. And the ruling party is also suffering from the ”dented ego” syndrome, where leaders who had expected high national or provincial office and did not get appointed, now snipe at incumbents.

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    / 17 December 2004

    Principled architect refused to compromise

    Revel Fox died after a short illness on December 13. Fox was an innovator, an architect and town planner, an urban activist and a man who was, all his life, committed to pushing the professional boundaries in a difficult and often antagonistic political and social terrain. As an architect and planner, he has left an indelible mark.

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    / 17 December 2004

    The men who would be king

    It’s good to be the king. Not that Ruddy Prince Harry will ever know. The pink Windsor, his regal epidermis eternally flaking off his sun-blasted ears, has to face a life of listless consumption, an endless round of spending and getting and meeting and forgetting. But at least he’s in love, according to the Sunday papers. And then there’s King Mswati, who’s fallen in love at least 11 times.

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    / 17 December 2004

    Dr Rath ad earns the wrath of TAC

    The Treatment Action Campaign (TAC) has laid a formal complaint with the Advertising Standards Authority against the Dr Rath Health Foundation for publishing advertisements undermining the effectiveness of Aids drugs. An advertisement published in the <i>M&G</i> has sparked an advertising storm. A spokesperson for the TAC called the advertisement "dangerous and irresponsible".