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/ 23 October 1998

Cabinet okays hefty public sector pay-out

Mungo Soggot The Cabinet has given Minister of Public Service and Administration Zola Skweyiya an extra R300-million to pay civil servants and fund the transformation of the public service. The increase is about 10% of the government’s R3,4-billion budget for what the public service department terms “the improvement of conditions of service”. The increase was […]

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/ 23 October 1998

Advertising curb on ‘the better

connection’ Belinda Beresford The sound and fury of the phone war between Vodacom and MTN over whose signals are better has resulted in MTN being chastised by the Advertising Standards Authority (ASA). For the next six months, the errant cellphone company has to submit all its advertising for approval before it can be broadcast or […]

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/ 23 October 1998

EP slam struggling Boland

OWN CORRESPONDENT, Johannesburg | Thursday 7.00am. EASTERN Province thrashed Boland by 62 runs in their Standard Bank League limited-overs cricket match at St George’s Park on Wednesday night, with their bowlers particularly devastating. Eastern Province scored 224 in their alotted 45 overs, with Louis Koen, Dave Callaghan and Mark Rushmere playing good innings. Koen again […]

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/ 23 October 1998

Jobs Summit will clarify Gear shift

Ferial Haffajee A rose by any other name may smell as sweet, but the jury’s out on whether Gear in any other guise is still the same economic policy. The African National Congress has won cheers (from its communist and trade union partners) and provoked jibes (from business and its press) with its stated intention […]

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/ 23 October 1998

Bid to delay TRC report

Wally Mbhele Plans for the release of the Truth and Reconciliation Commission’s final report were almost ambushed this week when the African National Congress attempted to use its power to prevent its publication. This followed the ANC’s blistering opposition to some aspects of the commission’s findings on the party’s activities during the armed struggle. The […]

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/ 23 October 1998

Kabila opts for war-war not jaw-jaw

Sechaba ka’Nkosi Embattled Democratic Republic of Congo President Laurent Kabila ignored his advisers and allies this week by snubbing a comprehensive peace offer from the rebels that could have ended the war that is tearing Central Africa apart. The offer, which was confirmed by high- level sources, was made to Kabila last week, hours after […]

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/ 23 October 1998

The black chip puzzle

Mike Metelits ING Barings analyst Phumzile Mamjezi identifies the major black chip groups in terms of market capitalisation as the Theta Group, Metropolitan Life (Metlife), New Africa Investments Limited (Nail), Real Africa Investments Limited (Rail) and the African Merchant Bank (AMB). These groups are often interconnected with cross holdings. Nail is owned 54,7% by Corporate […]

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/ 23 October 1998

Buying your way

Maureen Barnes : Down the tube Last week, in what was the most riveting programme to date, Special Assignment dealt with the extraordinary affair of Vito Palazzolo, the man who seems to have enjoyed special consideration not only from the Nats, but from the present establishment. The team did a neat investigation of the background […]

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/ 23 October 1998

Durban dreams

Friday night: Swapna Prabhakaran My weekend sort-of starts on a Thursday afternoon, and my Fridays are usually earmarked as a day to chill and catch up with friends. As the sun sets on the weekend traffic heading out of Durban city, we avoid rush hour altogether by driving into town to meet at the Bat […]