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/ 1 January 2004

Parmalat fraud scandal deepens

Italian police arrested seven more suspects in the snowballing Parmalat fraud scandal as reports suggested the bankrupt food giant may soon turn to the banks for a multi-million pound rescue package to stay in business. The arrested are suspected of criminal association leading to fraudulent bankruptcy and false accounting.

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/ 1 January 2004

Renown activist loses Zim citizenship

Human rights activist Judith Todd says she had been forced to forgo her Zimbabwean citizenship in order to obtain a New Zealand passport and be able to travel. Todd has fought a two year battle with Zimbabwean officials who claim she has not renounced a claim to New Zealand citizenship through her father.

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/ 1 January 2004

AU slams brutal murder of papal envoy

The African Union (AU) has ”strongly condemned” the killing of Vatican’s ambassador to Burundi, Archbishop Michael Courtney, who was gunned down in an ambush in the central African country early this week. The AU said it would continue to work for the success of the peace process in Burundi

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/ 1 January 2004

South Africans greet 2004 with optimism

South Africans are less apprehensive about the year ahead than they were a year ago, with only one in every four South Africans (24%) saying that 2004 would be worse than 2003, according to a Markinor. A further 32% said that 2004 would be the same as 2003, and 38% thought the New Year would bring them better things.

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/ 1 January 2004

Tutu hopeful for 2004

Nobel prize winner Archbishop Desmond Tutu in his New Year message told South Africans to use 2004 to make the most of the country’s hard earned freedom and to give something back to the underprivileged. Tutu said the country had come a long way in 10 years.

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/ 1 January 2004

Shock trade deficit of R4,3-billion

South Africa’s November trade balance with its non-Southern African Customs Union (SACU) trading partners has come in at a deficit of R4,3-billion, compared to October’s deficit of R713-million, which was the first trade deficit since September 2002. This is far worse than economists’ and analysts’ expectations.