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/ 10 March 2005

Namibian Breweries reports fall in earnings

Namibian-listed brewer Namibian Breweries, one of the country’s largest private-sector employers, has reported a fall in its headline earnings per share for the six months to the end of December 2004 to 18,4 cents, from 19,4 cents in the year-earlier period. The group declared an interim dividend of 5,5 cents per share.

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/ 10 March 2005

Fujitsu SA sells 30% BEE stake

Fujitsu South Africa, part of Japanese-based Fujitsu, the world’s third-largest IT company with annual revenues of R300-billion and more than 156 000 employees, on Wednesday sold a 30% stake to Yard Capital, a black economic empowerment (BEE) investment company headed by Leslie Maasdorp and Irene Charnley.

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/ 10 March 2005

Union hits out at mine safety

South Africa’s National Union of Mineworkers on Wednesday in a statement accused the South African mining industry and the government of not paying enough attention to safety. The statement followed Wednesday’s earthquake at DRDGold’s Hartebeestfontein gold mine in the North West province.

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/ 10 March 2005

Grobbelaar quits Bush Bucks

Only five months into his two-season contract, Bush Bucks coach Bruce Grobbelaar has quit his post, amid a string of poor results. Grobbelaar’s resignation comes after club boss Sturu Pasiya had expressed dissatisfaction with Bucks’ 3-1 loss to Golden Arrows last week.

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/ 10 March 2005

Clijsters on the comeback trail

Former world number one Kim Clijsters continued her comeback from injury on Wednesday, overpowering Nicole Pratt 6-2, 6-1 in the first round of the ,1-million Pacific Life Open. The 21-year-old Belgian needed just 49 minutes to dispatch the Australian, covering the court with a wide selection of shots and hammering 16 winners to Pratt’s four.

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/ 10 March 2005

SA team to take Brumbies by storm

South Africa’s Western Stormers may have their best chance for a prestige away win over the ACT Brumbies by fielding an entire backline of Springboks against the injury-hit Super 12 champions in Canberra on Friday. The Australians have been battling-on without several of their leading Wallabies in the opening weeks of the tournament, but it will get no easier against the Cape Town-based outfit.

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/ 10 March 2005

ANC team arrives to observe Zimbabwe polls

Five members of South Africa’s governing African National Congress party have arrived in Harare, the first group of foreign observers in Zimbabwe to monitor the March 31 vote, an electoral official said on Wednesday. Zimbabwe, under close scrutiny in the region to measure whether it will hold free and fair elections, has invited 45 foreign observer teams for the parliamentary polls.

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/ 10 March 2005

A clear message for today’s CEOs

I hate to say I told you so, but I told you so. I wasn’t writing for the Mail & Guardian Online back in March 2002 but I said on radio that the proposed merger between Hewlett Packard (HP) and Compaq was (and I quote myself here) ”unlikely to succeed”. There’s a clear message here. And it’s not ”don’t try to merge laptops with printers, they do different things”.