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/ 27 October 2004

DRD faces the future after restructuring

South African-based gold miner Durban Deep (DRD), which proposes to change its name to DRDGold, is well positioned for the December quarter, having succeeded in reducing costs, the company said on Thursday. "We have done the restructuring. We have gone through the pain and now we have got the costs down," the company said.

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/ 27 October 2004

World markets keep JSE in the black

Although off its highs seen in early trade, the JSE Securities Exchange (JSE) remained in the black in noon trade on Wednesday, taking its cue from world markets. By 12.05pm, the all-share and all-share industrial indices were up 0,48% and 0,63% respectively. Financials were 1,09% firmer, while the banks index jumped 1,38%.

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/ 27 October 2004

Zimbabwe opposition leader arrives in Mauritius

Zimbabwean opposition leader Morgan Tsvangirai arrived in Mauritius on Tuesday and met Prime Minister and Southern African Development Community chairperson Paul Berenger, officials said. Tsvangirai, who heads Zimbabwe’s main opposition party, the Movement for Democratic Change (MDC), travelled to the Indian Ocean island from South Africa where on Monday he met President Thabo Mbeki.

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/ 27 October 2004

Nigerian unions issue ultimatum over fuel price

A coalition of trade unions and pro-democracy groups issued Nigeria’s President Olusegun Obasanjo with an ultimatum on Tuesday, warning him to cut fuel prices this week or face a renewed nationwide general strike. Obasanjo has defended the price increases as a necessary evil as Nigeria embarks on an ambitious series of economic reforms.

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/ 27 October 2004

Kumba to open two new coal projects

Metals and mining company Kumba Resources is to spend R411-million on two new local projects as part of its plans to expand its coal business. Kumba executive Trevor Arran said the projects at the Grootegeluk and Leeuwpan coal mines would mitigate the effect of job losses announced within the group as part of the business
improvement plan.

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/ 27 October 2004

Darfur peace talks stall

A second day of peace talks on the crisis in Sudan’s Darfur region broke off early when rebels refused face-to-face talks with the government until the African Union meets separately with both sides to draft an agenda. Delegates said the African Union-brokered talks in Nigeria’s capital, Abuja, would resume on Wednesday.

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/ 27 October 2004

Growing the Mail & Guardian

Mail & Guardian Media chief executive Trevor Ncube on Wednesday told staff that the company is exploring a number of investment opportunities. This follows speculation in the media that M&G Media will merge with Moneyweb, the listed radio and internet media group.

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/ 27 October 2004

‘Love thy neighbour. But vote for your future’

Route 65 dips, rises and swings through the Ozark mountains, past rib shacks offering hickory hams and small stores emblazoned with the confederate flag. "The past is never dead," wrote Mississippi’s famous son, William Faulkner, of the south. "It’s not even past."
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-InternationalNews&ao=124362">Comeback Kid puts heart into campaign</a>

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/ 27 October 2004

‘Trial by media’ a tiresome accusation

”Trial by media” has become a tiresome accusation, trotted out ad infinitum whenever a person finds coverage disagreeable. The phrase has been in the news again thanks to unhappiness by characters as diverse as Deputy President Jacob Zuma and Sharon Matthews, mother of Leigh — the kidnapped and killed student. It’s repeated so often, it’s almost as if the media themselves are now in the dock.