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/ 20 October 2004

JSE sees red as world markets, rand weigh

The JSE Securities Exchange was awash with red in noon trade on Wednesday on the back of weaker world markets and a stronger rand – even though the currency had come off its best levels seen earlier in the morning. Weakness was most pronounced on the Top 40 index, where decliners outnumbered advancers by more than four to one.

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/ 20 October 2004

Strongest typhoon in decade pounds Japan

At least 15 people were killed and 20 others were missing on Wednesday as Japan’s biggest typhoon for more than a decade pounded the south of the country with heavy rain and powerful winds, officials said. Typhoon Tokage, which also injured at least 31 people, became the record 10th typhoon to land on the Japanese islands in a year.

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/ 20 October 2004

US citizens in South Africa cast votes

Scores of United States citizens cast their ballots on Tuesday in Cape Town, ahead of the November presidential election in the US, with the number of voters taking officials by surprise, a US consulate spokesperson said. The consulate staged a ”voting event” for the November 2 election, in which citizens living in the Western Cape could come and cast their ballots, said Louis Nazer.

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/ 20 October 2004

Oil to be pumped off stranded ship

The transfer of oil from a ship grounded in a remote area on the Wild Coast should start on Wednesday morning, the Environmental Affairs and Tourism Department said. Salvors have been working since first light on Tuesday to get all the equipment set up for the operation, and oil should start being pumped from the BBC China onto the Pentow Service early on Wednesday morning.

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/ 20 October 2004

Absa lends a hand in BEE construction deal

Absa Corporate and Merchant Bank, corporate advisers to Matlapeng Strategic Investments, has assisted with the acquisition of a 25% shareholding in the share capital of Raubex Construction. The transaction, which was closed on October 2, gives Matlapeng the opportunity to expand on Raubex’s national presence in the civil construction industry.

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/ 20 October 2004

Shaik trial: Judge lashes media

Judge Hillary Squires, who is presiding over the Schabir Shaik fraud and corruption trial, on Wednesday again lashed out at the media for inaccurate reporting regarding evidence which was led in the trial on Tuesday.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123995">Witness did not want to be involved</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=123967">Shaik lawyer refutes assistant’s claims</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123960">Media rebuked at Shaik trial</a>

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/ 20 October 2004

Unions protest visit by Israeli ‘hate-monger’

Israeli Deputy Prime Minister Ehud Olmert began a four-day visit to South Africa on Wednesday that pro-Palestinian groups denounced as a retreat from the struggle for equality embraced by President Thabo Mbeki’s government. Olmert is the most senior Israeli official to visit South Africa since the end of apartheid a decade ago.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=123892">SA govt defends Israeli leader’s visit</a>

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/ 20 October 2004

Raids leave villagers in Darfur facing starvation

The violence in Darfur, which has destroyed the livelihood of up to a million people, has created ”an unprecedented food crisis”, the Red Cross said on Tuesday. Attacks by the government-backed Janjaweed militia, which has burned villages and looted cattle during its attempt to crush a rebellion, have devastated agriculture and trade.