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/ 10 June 2004

Richemont beats forecast as sales pick up

Swiss-based, South Africa-listed luxury goods group Richemont has outperformed market expectations for its financial year ending March 31 2004, analysts said on Thursday, reporting a 3% rise in fully diluted earnings per unit of €1,193 and boosting its dividend by 25% to €0,4 per unit.

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/ 10 June 2004

Denel cleans house

The reorganisation of the state-owned Denel arms group has been delayed by an anti-corruption drive led by chief executive Victor Moche, defence industry sources say. The group, with effect from April 1, reorganised into two broad divisions, called Denel Land Systems and Denel Aerospace.

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/ 10 June 2004

Zim negotiations ‘moving too slowly’

Ahead of talks with G8 leaders, South African President Thabo Mbeki called on Wednesday for greater urgency in resolving two of the most pressing crises in the African continent — in Zimbabwe and Sudan. He lamented that formal talks between Zimbabwe’s President Robert Mugabe and opposition leader Morgan Tsvangirai had not started despite prolonged informal negotiations.

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/ 10 June 2004

Daily News directors stand trial

The publisher and three news directors at Zimbabwe’s banned independent newspaper, The Daily News, pleaded not guilty on Wednesday to charges of publishing without a licence. The four are facing charges under Zimbabwe’s tough media laws that oblige all news organisations and journalists to be registered by a state commission.

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/ 10 June 2004

Terre’Blanche returns to new world

The black marble monument still stands in the town centre, but Ventersdorp no longer fears the one-time Afrikaner messiah who promised blood and thunder. Eugene Terre’Blanche walks out of jail on Friday, having served his time for beating up black people, but he will find the home he returns to, like the rest of South Africa, changed.

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/ 10 June 2004

Iraq war was ‘immoral’, says Tutu

The United States can benefit from researching and acknowledging past atrocities committed against blacks and American Indians, said South African Nobel Peace Prize winner Archbishop Desmond Tutu. ”There is a pain that sits in the tummy of most African Americans and Native Americans, and maybe white Americans, that needs to be articulated in a non-threatening environment,” said Tutu.

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/ 10 June 2004

A smiling ghoul

Excuse us for not adding our voice to the outpouring of praise for defunct United States president Ronald Reagan — the <i>Mail & Guardian</i> does not believe in sanitising the malodorous dead. Our only regret is that this smiling ghoul was not gathered to his fathers before the start of his eight-year reign of terror over the Third World.