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/ 20 October 2003

Death of a dream

This death thing is actually beginning to piss me off. It is true that you can never really know another somebody, really know them with all the secrets that they will probably carry to the grave. But in the difficult contours of life you can sometimes inch closer and closer to where another somebody might be at and make contact.

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/ 20 October 2003

Papa Wemba charged with people-trafficking

Papa Wemba, the Congolese music star accused of aiding an illegal immigration network in France and Belgium will resume his performances in Paris with a concert on Saturday. The 53-year-old Afropop musician, whose real name is Jules Shungu Wembadio Pene Kikumba, was released from a Paris prison on June 5 after he posted bail of 30 000 euros.

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/ 20 October 2003

Act could cause confusion in asset industry

The Financial Advisory and Intermediary Services Act cannot function as a one-man-fits-all legislation across the financial services industry, says Carstens Mphelo, a director at Metropolitan Asset Managers. Financial services regulators must take into account that different sectors in the industry operate differently, he says.

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/ 20 October 2003

Pentagon was warned of Iraq chaos after war

The Pentagon was accused yesterday of ignoring a report that predicted Iraq would descend into chaos after the toppling of Saddam Hussein. Details of the document, compiled by the US state department, emerged in the New York Times and raised difficult questions for the Bush administration about its handling of post-war Iraq.

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/ 20 October 2003

Zuma hits the road

Deputy President Jacob Zuma opened a World Road Congress in Durban on Sunday with a reminder to delegates of the some 100 member countries in attendance that transport infrastructures were critical to the continent’s development.

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/ 20 October 2003

Basel II introduces new tech challenges for SA banks

The introduction of strict new laws for better capital management and reduced exposure to risk as embodied in the Basel II Capital Accord presents financial institutions with something of a double-edged sword. While compliance will reduce operational hazards, it may also result in over-stressed systems and excessive pressure on financial technology systems.

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/ 20 October 2003

Virtue is its own drawback

It was America’s ”virtuous majority” (as they conceive themselves) who made George Bush president. He keeps these core voters sweet by appointing aggressively virtuous subordinates — men whose sole claim to office, as Bill Maher puts it, is that they ”read the Bible and fuck their wives”.