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/ 28 October 2005
President Thabo Mbeki’s role in the United Nations oil-for-food programme is to be questioned by the Democratic Alliance. ”President Thabo Mbeki must explain how he allowed South Africa’s diplomatic support to be bought by the government of the blood-thirsty, and now deposed, Iraqi leader Saddam Hussein,” the DA said on Friday.
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/ 28 October 2005
South African firms should be given tax cuts designed to increase employment for a period of five years, says official opposition Democratic Alliance leader Tony Leon. For this period, employers should be given tax deductions of 150% of the first R2 000 per month of new employees’ salaries.
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/ 28 October 2005
Black people from South Africa’s neighbouring states do not qualify for grants from the South African government in terms of its black economic empowerment (BEE) policies, says South African Trade and Industry Minister Mandisi Mpahlwa.
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/ 27 October 2005
President Thabo Mbeki has appealed to all parties to ensure their candidates for the upcoming municipal elections have the interests of their communities at heart and not self-interest. Replying to questions in the National Assembly on Thursday, he said there appeared to be intense competition among people wanting to be elected by their parties as candidates for the elections.
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/ 27 October 2005
Aids activists on Thursday challenged Western Cape health MEC Pierre Uys to seek a court interdict against vitamin entrepreneur Matthias Rath, or even have him arrested. The call was made in a memorandum handed over at a demonstration by about 200 Treatment Action Campaign members outside Uys’s office in Cape Town.
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/ 27 October 2005
President Thabo Mbeki has dismissed speculation South Africa might follow Zimbabwe’s example in dealing with land reform. Replying to questions in the National Assembly on Thursday, he said the government was committed to respect the Constitution regarding its approach to land reform, restitution and redistribution.
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/ 27 October 2005
About R67,2-million not spent on HIV/Aids projects may be given to international organisations, Minister of Health Manto Tshabalala-Msimang said at Parliament on Thursday. ”As a minister of health I wouldn’t be proud of that statement,” she told reporters at a pre-Aids Day briefing.
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/ 27 October 2005
Listed supermarket group Shoprite has recorded an increase of 11,8% in its total turnover for the first three months of its 2006 financial year (July to September 2005) compared with the same period a year earlier, the group said in a trading statement on Thursday.
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/ 26 October 2005
The Cabinet says the suspension of three top intelligence officials was not related to party politics and did not represent ”some settling of scores in relation to party-political issues”, according to a statement by government spokesperson Joel Netshitenzhe after the regular Cabinet meeting held in Cape Town on Wednesday.
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/ 26 October 2005
Listed health, beauty and pharmacy retailer New Clicks Holdings has reported a 13,3% decline in its diluted headline earnings per share from all operations for the year to the end of August 2005, to 63,2 cents from 72,9 cents a year earlier. The company described its results as "disappointing".
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/ 26 October 2005
Anglo American, one of the world’s largest mining groups, plans to reduce its shareholding in gold miner AngloGold Ashanti in order to give it more flexibility to pursue its own strategic agenda, the company said on Wednesday. It may also opt to establish pulp and paper group Mondi as an independent business.
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/ 26 October 2005
Listed clothing and homeware retailer Foschini will open its very first @home livingspace store on Thursday, a larger-format version of its @home chain offering an expanded range of home decor and furniture. The first @home livingspace store will open in the new Willowbridge shopping centre in Tygervalley, Cape Town.
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/ 25 October 2005
The government is set to increase its capital spending from R18,9-billion to R39,5-billion over the next three years. ”We are hitting the sweet spot, and you can see that in the way in which the numbers are aligning,” Finance Minister Trevor Manuel told journalists at Parliament on Tuesday, ahead of delivering his Medium Term Budget Policy Statement in the National Assembly.
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/ 25 October 2005
The African National Congress needs to find a ”far more dignified” way of dealing with the succession issue, business magnate and former party heavyweight Tokyo Sexwale said on Monday. ”What we are seeing with the [Jacob] Zuma/Thabo Mbeki debacle is less than dignified,” he told an Institute for Justice and Reconciliation symposium in Cape Town.
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/ 24 October 2005
”There is little doubt that if Jacob Zuma had been a candidate for the presidency of the ruling African National Congress at the party’s national general council in July, he would have won an overwhelming number of votes … It was clearly demonstrated that Zuma had the support of the people,” writes Donwald Pressley.
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/ 24 October 2005
The undertaking business will controversially call for the HIV status of the dead to be recorded on death certificates, the United Funeral Association of SA (Ufasa) said on Monday. ”The government must recognise what the health threat is to the industry,” Ufasa’s founder member Johan Rousseau said.
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/ 24 October 2005
South Africa’s corporate tax should be reduced to 25% or less as part of Finance Minister Trevor Manuel’s Medium Term Budget Policy Statement (MTBPS), the official opposition Democratic Alliance (DA) has urged. Manuel presents the MTBPS to Parliament on Tuesday.
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/ 22 October 2005
Wildlife experts and government officials from South Africa and Cameroon wrapped up talks on Friday on the future of four rare gorillas claimed by both countries. The Western Lowland gorillas were smuggled out of Nigeria through South Africa and to Malaysia’s Taiping Zoo about three years ago.
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/ 22 October 2005
International experience showed judicial education was an effective way of supporting transformation, the University of Cape Town’s Law, Race and Gender Research Institute said in a submission to the judges’ probe into racism and sexism.
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/ 21 October 2005
President Thabo Mbeki himself is to blame for the destructive power struggle that is going on in the ruling African National Congress, says official opposition Democratic Alliance leader Tony Leon. He says South Africa is facing a potential constitutional crisis because of the struggle for power within the ANC itself.
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/ 21 October 2005
For all the achievements of the past decade, the struggle for a free media continues, the African National Congress said on Friday. The country marked Media Freedom Day this week, and the challenge is to build a robust, free and diverse media at a time when the market, not the state, is posing the greatest threat to media freedom, the party said.
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/ 21 October 2005
Africa’s biggest emitter of greenhouse gases, South Africa, this week unveiled plans for a research and development strategy to address climate change at a national conference in Midrand. However, some local scientists were unimpressed with the conference.
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/ 21 October 2005
South African National Assembly minerals and energy portfolio committee has given the Diamonds Amendment Bill — which will set up a state diamond-trading system — the nod. The Diamonds Amendment Bill will also pave the way for a tax on exports of rough diamonds.
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/ 21 October 2005
South African Reserve Bank Governor Tito Mboweni has cautioned that the long period of lower interest rates (monetary policy accommodation) may be coming to an end, despite the current level of inflation being within the target range. He was addressing Parliament’s portfolio committee on finance on Friday.
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/ 21 October 2005
The African National Congress ruling party has welcomed the resolution of a race row that erupted in the Cape High Court in the past two weeks. In a statement on Thursday, parliamentary caucus spokesperson Mpho Lekgoro said the caucus had confidence in the judiciary’s ability to deal with the matter competently.
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/ 20 October 2005
Parliamentary discussions deadlocked on Thursday over the proposed composition of the board of regulators for the diamond and precious metals industry. Minerals and energy portfolio committee members disagreed with proposals in the draft Diamond Bill suggesting the board only have one representative from organised labour on it.
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/ 19 October 2005
A ceasefire was declared in the Hlophe race war on Wednesday when Chief Justice Pius Langa said that none of the protagonists wants any further action to be taken. Langa made the announcement in a statement issued at the end of a three-day meeting of the Judicial Service Commission in Cape Town.
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/ 19 October 2005
South African Revenue Service (Sars) commissioner Pravin Gordhan confirmed on Wednesday that there is "money due" in back taxes from the estate of the late Brett Kebble, but did not put a figure to the amount. <i>Business Day</i> reported recently that Kebble was believed to have died owing up to R100-million in tax to Sars.
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/ 19 October 2005
Denel has not been found to have broken any laws in either South Africa or India, but the unfortunate perception has been created that the state arms manufacturer has a cloud hanging over it, says Denel CEO Shaun Liebenberg. He addressed MPs serving on the National Assembly public enterprises portfolio committee on Tuesday.
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/ 19 October 2005
South Africa’s official opposition Democratic Alliance says it will oppose arms-manufacturing parastatal Denel’s request for a R5-billion lifeline, should the matter come before Parliament. The parastatal may have lost as much as R1,6-billion during the financial year ending March 2005.
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/ 19 October 2005
Swedish insurer Skandia, the target of a R38-billion takeover bid by South Africa- and United Kingdom-listed financial-services group Old Mutual, on Wednesday unveiled to shareholders details of a plan that would allow it to remain independent. It also gave hard-hitting reasons why shareholders should reject the Old Mutual offer.
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/ 18 October 2005
Improved financial management and an increase in tourism revenue has seen the Robben Island Museum move into the black over the past financial year, MPs heard on Tuesday. ”We have, over three years, turned a loss of R8-million [in 2002/03] to a profit of R7,3-million,” museum chief financial officer Nash Masekwameng told Parliament’s arts and culture portfolio committee.