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/ 13 October 2004
Deputy President Jacob Zuma still owes more than R1-million for costs incurred in the construction of his Nkandla village in KwaZulu-Natal, the Durban High Court heard on Wednesday. Prosecutor Billy Downer said the state will prove that the source of the funding for Nkandla was a bribe from arms company Thomson CSF.
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/ 13 October 2004
Driven by demand for flash memory chips used in cell phones, Intel’s third-quarter profits rose 15% as the chip-making giant struggled to overcome lacklustre PC sales, growing inventory, product missteps and stiff competition. For the three months ended on September 25, Intel earned ,9-billion, or 30 cents per share, on sales of ,5-billion.
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/ 13 October 2004
DreamWorks Animation, which in the past decade has become one of the leaders in film animation, made a move toward going public on Tuesday by filing estimated terms of its initial public offering (IPO). The company said that it plans to offer 29-million shares at to each with expected proceeds of about -million in its initial public offering.
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/ 13 October 2004
Leading internet search engine Google said on Tuesday it was planning a big expansion of its India operations which are run from the southern cities of Hyderabad and Bangalore. ”We are committed to substantial growth in terms of both manpower and infrastructure at both these offices,” Sergey Brin, co-founder of the search engine, told reporters at a press conference.
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/ 13 October 2004
London Mayor Ken Livingstone unveiled plans on Tuesday to spend 10-billion pounds (,8-billion) over five years to improve commuting and travel on the city’s crumbling road and rail networks. ”This is a once-in-a-lifetime opportunity to reverse decades of under-investment,” Livingstone said.
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/ 13 October 2004
State prosecutor Billy Downer made a slide presentation to the Durban High Court on Wednesday showing the link between Schabir Shaik and Deputy President Jacob Zuma.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=123676">NPA believes Woods may testify</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123640">MPs need OK for Shaik trial</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=123605">’What was Mbeki’s role in arms deal?'</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123595">TV station loses bid to film Shaik trial</a>
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/ 13 October 2004
The Mauritanian government has arrested Saleh Ould Hanenna, the mastermind of last year’s military uprising against President Maaouiya Ould Taya, who had been on the run for 16 months. Attorney General Mohamed El Ghaith Ould Oumar said the former army major was caught on Saturday in Rosso, a town on the southern border with Senegal.
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/ 13 October 2004
South African transport utility Transnet is not a job creation agent and the best contribution it can make is not to grow its number of jobs, says Transnet CEO Mario Ramos. She was addressing the National Assembly public enterprises portfolio committee on Wednesday.
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/ 13 October 2004
Information technology group Dimension Data (Didata) said on Wednesday it is not planning to shed jobs in its Johannesburg global services centre (GSC) in favour of India, or relocating its local call centres to India. Singapore-listed subsidiary Datacraft Asia has launched a GSC in Bangalore.
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/ 13 October 2004
More than 60-million viewers saw the first United States presidential debate; the second also drew a mammoth audience, up 50% on the debates of 2000. But this election’s most intense political communication has bypassed the vast majority of the American public.