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/ 25 February 2004

Plea hearing scheduled for De Beers

More than a decade after De Beers was indicted on price-fixing charges, representatives from the diamond giant are scheduled to appear in a United States federal court for an arraignment and plea hearing. The indictment was issued on February 17 1994, but no one from De Beers has appeared to answer the charges.

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/ 25 February 2004

Telkom has been ‘tried and prosecuted’

Telkom has complained that media reports gave the impression the company had been tried and found guilty of breaking the Competition Act. Telkom was responding to the Competition Commission’s decision on Tuesday to refer complaints brought against Telkom to the Competition Tribunal for determination.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=31731">Telkom faces fine of billions</a>

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/ 25 February 2004

Anglo set for record earnings

After a flat 2003, global resources group Anglo American (Anglo) is set for a very strong 2004 financial year driven by strong gains in commodity prices and the possibility of a weaker rand, analysts say. Given current commodity prices, Anglo could set record headline earnings per share for the year to December 2004.

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/ 25 February 2004

Zim trade union strike has little effect

A national strike called by Zimbabwe’s largest trade union movement on Wednesday to press for changes in the management of the country’s national pension fund had little effect in the capital, Harare. The city centre was bustling, with the majority of banks, shops and businesses functioning normally.

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/ 25 February 2004

Catholics dismayed by Tutu’s criticism

The Catholic Church in South Africa says it is ”dismayed” at Archbishop Desmond Tutu’s criticism of the church’s stand against condoms. Tutu, an Anglican, earlier this week used an international Aids conference in Dublin to speak out against Catholic disapproval of condoms as a way of preventing the spread of Aids.

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/ 25 February 2004

Lukewarm coffee trade hampers Kenyan farmers

Connoisseurs have long appreciated the merits of Kenyan coffee, typically described as having a fruity, acidic flavour. But now coffee farm output has seriously declined — something attributed to rising production costs, mismanagement within cooperative ventures and poor policies on the part of the government.