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/ 27 September 1996

Race row over SA woman nominated as US judge

Mungo Soggot A WHITE South African who became a vice- president of Harvard University is at the centre of a race row over her nomination to join the highest court in Massachusetts in the United States. The nomination of Margaret Marshall by Massachusetts governor William Weld to the state’s Supreme Judicial Court has enraged black […]

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/ 27 September 1996

Pension firm bets on crash

Paul Murphy and Pauline Springett ONE of Britain’s biggest managers of pension money said last week it intended to stick with an extraordinary $15-billion bet that stock markets in Britain and the United States are grossly over-valued and that share prices are due to crash. PDFM, formerly known as Phillips & Drew Fund Management, which […]

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/ 27 September 1996

Soccer’s `big guns’ shooting from the lip

There were fouls and off-the-ball incidents aplenty, and this wasn’t on the field of play but at the commission investigating administration irregularities SOCCER: Andrew Muchineripi IT had to happen at some point. With so many commissions doing the rounds in the new South Africa at the moment, it was only a matter of time before […]

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/ 27 September 1996

The winners and losers

David Beresford IF the British lottery is not exactly immoral, as many churchmen would have it, the story of “Cheeky” Lee Ryan offers convincing evidence that Lady Luck is utterly amoral. Ryan, a used-car salesman, would have made even Richard Nixon look virtuous. Last year he was sentenced to 18 months for handling stolen vehicles […]

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/ 27 September 1996

Southern Africa film festival finds its

feet ANDREW WORSDALE in Zimbabwe THE biggest grossing films in Zimbabwe this year are Waiting to Exhale and Showgirls. Sign of the times: Hollywood is still dominating world movie production. But at the opening ceremony of the 1996 Southern Africa Film Festival, Post and Telecommunications Minister Joyce Mujuru urged representatives to reduce dependence on foreign […]

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/ 27 September 1996

Benetton keeps it in the family

Controversial, offensive and bizarre are a few of the words used to describe the Benetton empire. Pauline Springett looks at the family behind the name LUCIANO BENETTON, 61-year-old president and co-founder of the eponymous Italian business empire, would almost pass as a traditional tycoon. The tweed suit is of perhaps a little better than average […]

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/ 27 September 1996

European banks seek a stake in US boom

Mark Trans in New York WALL STREET securities firms have seen robust profits as merger activity remained hectic for the second year running, but, in keeping with the roller-coaster nature of the business, profits are expected to shrink next year. For now, signs of the good times abound. Bear Stearns, the United States’s sixth- largest […]

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/ 27 September 1996

SABC’s radio stations in financial dire

straits Jacquie Golding-Duffy THE South African Broadcasting Corporation (SABC) is caught between a rock and a hard place with a mandate tailored to serve the needs of a diverse audience, but a lack of funds to fulfill this goal. The mandate has put financial pressure on radio stations still under the SABC’s control. SABC general […]

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/ 27 September 1996

Air Zim hurt by Mugabe’s flights of fancy

Iden Wetherell in Zimbabwe AIR ZIMBABWE, once a profitable little airline with an on-time record, now has a reputation for delays and debt as poor management and political interference thwart viability. Part of the problem is President Robert Mugabe’s habit of requisitioning planes whenever he needs to travel abroad – often several times a month. […]

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/ 27 September 1996

Unearthing a find of a different kind

The way in which Thulamela has been excavated has marked a global breakthrough, reports Eddie Koch THE people who built Thulamela, a medieval citadel in the far north of the Kruger National Park that has recently excited fascination in local and international academic circles, will never know it. But they may have helped resolve one […]