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/ 30 January 1998

A victim on the run from cover

Why do we go on forking out for insurance, asks Rich Chanelle from London I give away about R8 000 a year. I don’t give it to good causes or charities. I don’t even give it to people that I like! I give R8 000 away, every year, to tycoons and multicorporations. Why not give […]

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/ 30 January 1998

A stone which defies gravity

Dan Atkinson explains why the diamond continues to sparkle around the world Ask any businessperson to forecast the outlook for a product which last year saw sales dive 20% in the Far East, which meant extensive smuggling and selling on illicit markets around the world and which even saw that product enjoy its own health […]

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/ 30 January 1998

Pudding on the ritz

Barbara Ludman : Moveable feast Police say the rate of serious crime is falling, even if you’re staring a handgun in the face. And maybe they’re right. Who knows? Will tomorrow bring a better job, a retrenchment, a ”right-sizing”? Will the schools see out the year? Will the prosecutors get their overtime pay? Will the […]

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/ 29 January 1998

Jobs plan almost complete

THURSDAY, 12.30PM: A TASK team from the National Economic, Development and Labour Council (Nedlac) is on the threshold of finalising a draft social plan agreement to minimise the socio-economic effects of job losses on communities, local economies and the country as a whole. Yet to be finalised, the agreement stipulates a range of measures to […]

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/ 29 January 1998

JSE’s best day since October

THURSDAY, 5.45PM: SHARES bounded forward on the Johannesburg Stock Exchange on Thursday, building on Wednesday’s record high on the financial index. Dealers said the trade was some of the best since last October. A flood of investor rands into the market signalled a return of confidence in stocks and the economy. All the indices went […]

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/ 29 January 1998

Kenyan violence spreads

THURSDAY, 4.15PM: POLITICAL violence between the Kalenjin supporters of Kenyan president Daniel arap Moi and Kikuyu supporters of opposition parties has nearly reached Nakuru, Kenya’s fourth largest town. Fifteen houses belonging to members of the Kikuyu tribe were torched during the night at a farm south-west of Nakuru, Father Stephen Mbugua said, and one person […]

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/ 29 January 1998

Driefontein talks near conclusion

THURSDAY, 12.30PM: ANGLO American and Gold Fields are getting closer to establishing a deal whereby the companies will jointly mine Driefontein gold mine. The deal will nullify conflict that has arisen over control of an asset both groups covet. Sources in the Industry on Wednesday indicated that Gold Fields — the result of a merger […]

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/ 28 January 1998

1997 inflation rate up

WEDNESDAY, 11.30AM THE official inflation rate in December 1997 was an annualised 6,1%, according to the Central Statistical Service, 0,7 percentage points lower than November’s figure. However, the average inflation rate for the whole year was 8,6%, some 1,2 percentage points higher than the 7,4% recorded in 1996 and 0,1 percentage points lower than 1995’s […]

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/ 28 January 1998

Financials hit new high

WEDNESDAY, 5.45PM: THE financial index on the Johannesburg Stock Exchange hit a new record high on Wednesday, helping the industrial and all share indices up 2% each. Unfortunately gold sank below the $299 per ounce level, carrying gold shares down more than 2,5%. After rising 290,2 points, the financial index closed at 11 075, beating […]