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/ 18 January 2003
The controlling shareholder of listed fast food group Nando’s (NDS), Brozent Holdings, has made a formal offer of 70 cents per share to Nando’s minorities, with the aim of de-listing the company, the group announced on Wednesday.
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/ 18 January 2003
South African insurer Santam (SNT) announced on Wednesday that it has taken full and unconditional control of the British niche insurer Westminster Motor Insurance Association for 23,3 million British pounds.
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/ 18 January 2003
With about 100m to go before the R43 reaches the town of Worcester in the Western Cape, there used to stand on either side of the road, two of those large Arrive Alive signboards. I’m sure you know the kind, mounted alongside roads, exhibiting the number of accidents.
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/ 18 January 2003
The South African rand traded close to the 8,85 per dollar level late on Friday afternoon in what traders described as "another weak close" for the local unit. Traders expect the rand to again test the 9 per dollar level next week.
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/ 18 January 2003
The Indus river, Pakistan’s major water source for drinking and agriculture, is so overused that fishermen and farmers are being forced to migrate as local authorities battle over water rights. The river once allowed Pakistan to feed itself and produce enough of a surplus for trade.
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/ 17 January 2003
Boni Dibate, chief executive of South African Express Airways (SAX), will face a disciplinary hearing next week over fraud charges involving Transnet funds. The hearing began last October after officials, including Transnet Group CEO Mafika Mkwanazi, heard from a whistle-blower.
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/ 17 January 2003
Once again Mugabe was rubbing his hands in glee as his opponents wrung theirs in frustration. The prospect of Mugabe riding off into the sunset and leaving his benighted country in the hands of a government of national unity appeared to have evaporated like the mist .
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/ 17 January 2003
Less than half the land the Zimbabwe government has seized from white farmers to redistribute to landless blacks has been taken up by its new owners in at least one prime farming region, reports said on Friday.
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/ 17 January 2003
Chaos erupted in the Khayelitsha Magistrate’s Court on Thursday in the latest clash between police and members of the Anti-Eviction Campaign in the Mandela Park settlement in Khayelitsha. The drama followed two weeks of violent conflict between protesters and the security forces.
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/ 17 January 2003
IFP leaders are exploring the idea of a broad electoral pact involving itself the DA, the UDM and the PAC for next year’s general election. The party’s national council will this weekend discuss the immediate task of consolidating its loose alliance with the DA.