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/ 21 January 2004

Robust rand keeps JSE in check

The JSE Securities Exchange South Africa (JSE) was weaker in noon trade on Wednesday, with a robust rand taking its toll on heavyweight dual-listed and resources stocks. A weaker Dow overnight added to the negative sentiment and decliners outnumbered advancers on the all-share index by amount two to one.

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/ 21 January 2004

Court hears evidence of ‘prostitute agent’

The Johannesburg Regional Court heard on Tuesday that Andrew Phillips, owner of the Sandton brothel The Ranch was ”turned on” by prostitutes working at the venue. According to witness Ovidio Muresan, the prostitute named Anna, whom he thought of as his girlfriend, was the most beautiful girl at The Ranch, and she made the most money.

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/ 21 January 2004

Confusing convergence

With less than two weeks to go before the closing date for comments on the Convergence Bill, a hoo-ha has erupted. Signalled by, among others, The Citizen on its front page (January 17), the claim is that the current draft law, if promulgated, will ”require all website owners or publishers to have a content applications service licence to operate”. Well, it depends.

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/ 21 January 2004

US set for Iraq election retreat

The United States-led coalition in Iraq is on the verge of bowing to Shia Muslim pressure for direct elections before the handover of power on June 30. According to British officials, the Blair government has been swayed by Shia arguments and the US is also shifting ground.