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/ 25 February 2005
"Going once at R27 000, twice at R27 000, gone!" That’s the price paid at auction this week for Minister of Finance Trevor Manuel’s 2005 Budget speech and neckwear. The speech and the red-and-cream striped tie fetched about half of last year’s price at the traditional African National Congress post-Budget fund-raiser.
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/ 25 February 2005
The downfall of Jim Miller, a British-born technology salesman, may be his frankness. When a partner objected to his large expense claims, he admitted to paying what amounted to kickbacks. Miller started working for a United States technology company in South Africa in 1974. When it divested he set up local operations to fill the gap.
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/ 25 February 2005
Shares in South African gold miner DRDGold on Friday plunged 20% following the group’s results for the half-year ended in December 2004, which were released on Thursday, and which analysts and brokers termed "shocking". At 10.15am on the JSE Securities Exchange, DRDGold was quoted down 20% or R1,60 at R6,25.
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/ 25 February 2005
The chief executive and two senior managers of arms procurer Armscor have been suspended, the News24 website reported on Friday. They were told on Thursday to vacate their offices immediately, and were prohibited from speaking to employees or the media about the matter.
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/ 25 February 2005
Nobel Peace Prize winner Desmond Tutu said he hopes South Africa’s experience in coming to terms with apartheid will be an inspiration for a new peace centre bearing his name to be built later this year. The centre has collected -million in donations, and another -million is needed to complete the facility.
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/ 25 February 2005
An IT group close to the Inkatha Freedom Party has been implicated in a web of corruption spanning the outsourcing of a university’s IT functions and a controversial tender to monitor ”corner shop” gambling machines in KwaZulu-Natal.
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/ 25 February 2005
Hunter S Thompson, at the age of 67, took his life with a gunshot to the head at his home in Woody Creek, Colorado.
Obituary
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/ 25 February 2005
Arsène Wenger has made a reputation for himself as the man who is
always looking the other way when things go wrong. When asked about any indiscretion on the part of his Arsenal players, the elegant Frenchman dances around the issue by saying: ”From where I was I did not see that.”
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/ 25 February 2005
MOVIE OF THE WEEK: Cellular is a movie that manages to refresh the clichés for long enough to provide a fun movie-going experience, and to keep the join-the-dots moralising to a minimum, writes Shaun de Waal.
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/ 25 February 2005
African National Congress stalwart Raymond Mhlaba died satisfied, Deputy President Jacob Zuma said at the struggle veteran’s memorial service in Pretoria on Thursday evening. ”He died satisfied that we are on course and are still committed to meeting the minimum demands of our people as stated in the [Freedom] Charter,” Zuma said.