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/ 3 November 2004
Three days after Burundi’s interim Constitution came into effect, fighting among the major political parties has not broken out as many people had feared, and leaders who once advocated violence now agree to submit to the constitutional authority. A referendum on a draft Constitution has been delayed to November 26 this year.
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/ 3 November 2004
The JSE Securities Exchange (JSE) was higher by Wednesday afternoon on the weaker rand, but off its earlier highs. Gold was last quoted at $421,75/oz from Tuesday’s JSE close of $420,40/oz. By midday, the all-share index was up 0,43% and the industrial index added 0,47%.
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/ 3 November 2004
Even though average South African house prices have risen by more than 30% year-on-year in the first nine months of this year, the South African residential property market is considered to be in a strong rising phase, rather than experiencing bubble conditions, according to South African commercial bank Absa.
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/ 3 November 2004
Alleged Mafia boss Vito Palazzolo had links to Western Cape drug lord Rashied Staggie, the Cape Town Magistrate’s Court heard on Wednesday. This was testimony from crack police investigator Captain Piet Viljoen, one of a series of witnesses who have been subpoenaed to answer Italian prosecutors’ questions on Palazzolo.
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/ 3 November 2004
Theo van Gogh, the Dutch artist’s great grand-nephew and a provocative filmmaker, was shot dead in a street in Amsterdam on Tuesday, police said, apparently because of a film he made about Islamic violence against women. The suspected killer, a 26-year-old man with dual Dutch and Moroccan nationality, fled into the nearby Oosterpark and was later arrested after a gunfight with police.
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/ 3 November 2004
South African gold-mining group Harmony has called on rival Gold Fields to avoid a battle that will only enrich lawyers and reconsider a merger bid that will create the world’s largest gold-mining group. The appeal was made by Harmony CEO Barnard Swanepoel in an open letter to his Gold Fields counterpart, Ian Cockerill.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&ao=124784">Harmony: ‘Let’s do it our way'</a>
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/ 3 November 2004
South African Airways (SAA) deputy chief executive Oyama Mabandla has resigned from his position. Mabandla said he will be pursuing his own business interests to take advantage of the economic tide that is sweeping the country as a result of the success of democracy.
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/ 3 November 2004
Property services group JHI Real Estate and black economic empowerment (BEE) investors Mpande Holdings and Phatsima Industrial have signed a BEE deal that focuses strongly on participatory shareholdings in the booming property sector, the parties said in a joint statement on Wednesday.
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/ 3 November 2004
Zimbabwe’s ruling party has launched new membership cards as a way of testing its popularity ahead of next year’s polls, state television reported on Tuesday. Members and party officials will now have to pay monthly subscription fees to belong to President Robert Mugabe’s ruling Zimbabwe African National Union Patriotic Front.