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/ 31 August 2001

Pedal power for the people

Barry Streek The government programme of distributing 15 000 bicycles called Shova Lula (pedal easy) is directed at rural communities where many people experience transportation problems on a daily basis either as kids going to school or adults going to work. News about the programme emerged during Minister of Transport Dullah Omar’s response to a […]

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/ 31 August 2001

IMPERIAL ISSUES R800M 2006 BOND

SOUTH Africa’s Imperial Holdings has issued an R800-million bond due March 14, 2006 and priced at 75 basis points over the government bond yield curve, lead managers Standard Bank said on Thursday. The bond’s yield to maturity was 11,06%, with a coupon of 11%, a statement from the bank said. There were no details on […]

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/ 31 August 2001

SASOL, TEPCO STRIKE A DEAL

SYNTHETIC fuels giant Sasol and fuel retailer Tepco reached an ”amicable agreement” regarding the settlement of outstanding amounts owed to Sasol, the company said on Wednesday. The statement, issued by Sasol, provided no details on the agreement and the representative was not immediately available for comment. This follows a recent announcement by the Competition Commission […]

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/ 31 August 2001

Strike bears down on SA shares

Johannesburg | Thursday SOUTH African shares opened lower on Thursday as a nationwide strike by labour dampened market sentiment and was seen weighing heavily on industrial shares, dealers said on Thursday. A weaker close in US stock markets, where key equity gauges sank to their lowest levels since April with investors nervous about poor corporate […]

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/ 31 August 2001

Would you weed the beds, Your Honour?

BARRY STREEK, Cape Town | Friday RACISM is alive and well in Cape Town, even for judges of the High Court, as Cape Town Judge President John Hlope has found out. He is a keen gardener at his home in the leafy suburb of Pinelands but this has confused local whites three times since he […]

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/ 30 August 2001

Unions say strike success, bosses differ

JAN HENNOP, Johannesburg | Thursday SOUTH Africa’s largest trade union federation Cosatu on Wednesday claimed the first day of a two-day general strike a success, but bosses said the impact of the action was limited. The Congress of South African Trade Unions (Cosatu) said some 65% of the workforce around 5,5-million workers heeded the call […]