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/ 28 November 1997

Casino bidder to put up R20m for sports

centre Wonder Hlongwa Controversial Durban businessman Vivian Reddy, who was suspected of being the mysterious Sarafina II donor, has once again attracted attention for his generosity. Last week he announced an “eight digit” contribution to the Curries Fountain Stadium Sports Development Centre. The Mail & Guardian has learnt that Afrisun, a company in which Reddy […]

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/ 28 November 1997

Darkening the corporate pigment

Thebe Investment Company pioneered a new South African corporate culture but black business still has far to go, writes Charlene Smith Seven years ago there were no black companies listed on the Johannesburg Stock Exchange; indeed there was not a single black corporation. Pondering this, Vusi Khanyile, then finance head of the African National Congress, […]

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/ 28 November 1997

Province threatens jail to overspenders

FRIDAY, 10.30AM: KWAZULU-Natal Finance MEC Ben Ngubane on Thursday told the provincial legislature that the Ulundi government is drafting legislation that will lead to department heads being jailed for spending beyond their budgets. Ngubane said that he also intends setting up a commission of inquiry to establish the reasons for the province’s financial problems and […]

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/ 28 November 1997

Deft juggling gets Anglo off the hook

Madeleine Wackernagel : Taking Stock Anglo American interims are not the most exciting event on the business calendar but on Tuesday this week it was standing room only. The markets had been abuzz with rumours, but even the seemingly wild speculation didn’t come close to the real thing. In one elegant move, Anglo rid itself […]

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/ 28 November 1997

Hutchence mystery deepens

Owen Bowcott Detectives in Sydney this week ruled out auto-erotic sex games as the cause of rock star Michael Hutchence’s death, but said they were awaiting toxicology tests to determine whether he had taken drugs or alcohol. As the INXS lead singer’s distraught British fiance, Paula Yates, flew to Australia with their 16-month-old daughter, the […]

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/ 28 November 1997

Time runs out for the four-hour

processors Steve Shipside It’s a depressingly familiar scenario. Your film comes back with 10 underdeveloped pictures, 10 overdeveloped, three shots of your thumb, and four cases of red-eye that make close family members look like Zoltan, Hound of Dracula. Precisely that disappointment is driving the digital photography market, says Steve Hoffenberg, director of the Digital […]

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/ 28 November 1997

A big Mac welcome for young Makhaya

Neil Manthorp : Cricket South Africa’s cricketers have both endured and enjoyed a very, very long week in Perth since their arrival last Friday. The veterans of the 1994 tour, and the 1992 World Cup, wasted little time in reacquainting themselves with the delights of southern hemisphere hospitality while the Oz rookies discovered just what […]

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/ 28 November 1997

Black Companies on the JSE

Company Market capitalisation (R) African Harvest 1 848 000 000 African Life Assurance 3 867 469 814 Botswana Rst 4 494 820 Capital Alliance Holdings 3 284 101 143 Carson Holdings 1 187 700 749 FBC Holdings 477 048 343 Hosken Consolidated Investments 1 177 066 683 JCI 2 523 065 577 Johnnies Industrial Corp […]

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/ 28 November 1997

Planet of delusions, hospital of hope

Closing Valkenberg hospital would involve a sacrifice by the people least able to bear it, writes Lin Sampson Valkenberg: one alights rather than arrives on its pulsating terrain, as if on another planet. It is an eccentric place, a hovering satellite of hope and despair, dishevelled in part, but with pretty gardens that stretch down […]

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/ 28 November 1997

Other mother of the nation

Drum magazine agony aunt and executive editor, Liz Khumalo, aka Sis Dolly, in the 15-minute interview. By Charl Blignaut Charl Blignaut: You don’t know how long I’ve wanted to interview you for. I read Dear Dolly every single week. Liz Khumalo: Oh, that’s so good to hear. CB: For how long have you been Sis […]