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/ 29 November 2000

Congo war leaves 16 million devastated

DANIEL BASES, United Nations | Wednesday HUNGER, disease, homelessness and abuse has left a staggering 16 million Congolese – more than a third of the population – with their lives in tatters as a result of the country’s protracted civil war, a UN official said this week. Carolyn McAskie, the acting UN emergency relief coordinator, […]

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/ 29 November 2000

COPS ARE ROBBERS IN GAUTENG

TWO Gauteng public order policing unit officers have been arrested after an armed robbery at a house in Bryanston. Five robbers tied up the occupants and ransacked the house, taking three cell phones, a camera and a box containing about R300 000. Johannesburg flying squad policemen stopped their vehicle on the N1 highway and arrested […]

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/ 29 November 2000

DUTCH LEGALISE EUTHANASIA

THE Dutch lower house of parliament voted this week to legalise euthanasia, the first country to do so, after decades of unofficially tolerating mercy killings. A series of Dutch court rulings and government guidelines since the 1970s has given more leeway to doctors to help a patient die, but the criminal code was never amended. […]

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/ 29 November 2000

Enough white sugar, say black cane farmers

ALLAN SECCOMBE, Johannesburg | Wednesday SOUTH Africa’s black cane farmers plan to make an offer for sugar firm Transvaal Suiker Beperk (TSB) following a failed bid by Tongaat-Hulett, a representative body said this week. The KwaZulu-Natal Sugarcane Growers Association, representing some 45000 small-scale black growers, had indicated previously that it was interested in TSB, but […]

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/ 29 November 2000

JOHNNIC WANTS TO SELL MIH STAKE

SA telecoms and media group Johnnic plans to sell its 3.8% stake in MIH Limited, but is waiting for a higher MIH share price, says Johnnic finance director Jacob Modise. MIH Limited is a television, Internet and interactive technology group with listing on the Nasdaq and in Amsterdam. MIH’s share in Amsterdam has fallen from […]

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/ 29 November 2000

Lonmin profit triples as platinum surges

MARK BENDEICH, London | Wednesday SOUTH Africa’s third largest platinum miner, Lonmin Plc, has tripled its annual pre-tax profit, almost doubled its dividend and said the good times should continue to roll. Lonmin raised its seven-year platinum production target by seven percent to 870000 ounces and said the accelerated expansion would bring it close to […]

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/ 29 November 2000

MR PRICE’S PROFITS DROOP

CLOTHING and household goods retailer Mr Price reported an 18% drop in interim headline earnings, blaming tough economic conditions and start-up costs for its Chilean operation. Mr Price, which primed the market in a profit warning last week, unveiled headline earnings per share at 11.7c versus 14.2c in the 27 weeks to September 1999. The […]

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/ 29 November 2000

No inflationary threats mean stable rates

MARIAM ISA, Pretoria | Wednesday GROWTH in South Africa’s main measure of money supply slowed in October while a pickup in demand for private sector credit was below forecasts, backing the case for steady interest rates, according to data released this week. In the year to October the rate of expansion in M3 – which […]

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/ 29 November 2000

UNITRANS BUYS UNTIL IT HERTZ

SOUTH Africa’s largest transport and logistics group, Unitrans, says its motor and financial services unit has bought a 40% stake in Southern African operation of Hertz Rent a Car for R4m. Unitrans Motors Managing Director Steve Keys said the deal marked the group’s first foray into the car rental industry. Hertz Southern Africa is a […]