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/ 22 February 2005

Seventy cents more for cigarettes

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>The cost of an average pack of 20 cigarettes in South Africa is likely to experience a 52c rise in excise duty from Wednesday, when Minister of Finance Trevor Manuel unveils the government’s 2005/06 Budget, according to the Tobacco Institute of South Africa (Tisa). The retail price of a pack of cigarettes should rise by 70c.

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/ 22 February 2005

Manuel urged to focus on unemployment

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>Minister of Finance Trevor Manuel has been urged by the official opposition Democratic Alliance to focus his Budget — on Wednesday — on job creation. The DA said in a statement on Tuesday afternoon that the national Budget "should be the most important job-creation tool in government’s box".

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/ 22 February 2005

What will Manuel do with his R14bn?

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>Higher-than-expected government revenue growth means Minister of Finance Trevor Manuel has R14-billion to allocate when he announces the 2005/06 Budget on Wednesday, Old Mutual Asset Managers (Omam) economist Rian le Roux told a media briefing on Tuesday.

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/ 22 February 2005

Rugby refs ‘always stay neutral’

Retired top South African referee Andre Watson has lauded the Sanzar executive committee on its decision to scrap the requirement to appoint franchise-neutral referees for local derbies in the Vodacom Rugby Super 12 contest. Sanzar said the decision comes into effect this week when the competition kicks off in South Africa, New Zealand and Australia.

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/ 22 February 2005

Mbeki’s challenge to African intellectuals

African intellectuals who had sat on the sidelines while the New Partnership for Africa’s Development was prepared, and complained about not being consulted, should now stand up and be counted. This was the challenge of President Thabo Mbeki, who addressed the 11th General Conference of the Association of African Universities in Cape Town on Tuesday.

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/ 22 February 2005

Shoprite headline earnings up 55%

Food and furniture retailer Shoprite has reported a 55,4% rise in its headline earnings per share for the six months ended December 2004, to 60,6 cents from 39 cents a year earlier. The group said it envisages declaring an interim dividend of 22 cents per share, representing a 33,3% increase on the 16,5 cents declared at the interim stage in 2004.

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/ 21 February 2005

ID leader refuses to identify Scorpions source

Independent Democrats leader Patricia de Lille on Monday refused to identify her confidential Scorpions source, at the disciplinary hearing of the party’s ousted Western Cape leader, Lennit Max. ”I shall not disclose the source,” said De Lille during cross-examination by Leon van Rensburg, representing Max at the hearing in Parliament.

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/ 21 February 2005

Leon warns about ANC ‘attacks’ on judiciary

The African National Congress has launched a series of well-planned attacks on the independence of the South African judiciary, Democratic Alliance leader Tony Leon warned on Monday. He said the ruling party is ”using charges of real or imagined racism to intimidate the judiciary and create a more executive-minded bench”.

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/ 21 February 2005

SA’s ground hornbills face extinction

Loss of habitat looks set to put paid to one of South Africa’s more distinctive and charismatic bird species, the southern ground hornbill. The savannah-dwelling birds, once widespread across the country’s grasslands, now face a ”very real possibility” of extinction, says the Endangered Wildlife Trust.

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/ 21 February 2005

People’s Budget: Govt should cut VAT

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>The South African government should stop cutting the personal and company income-tax rate but value-added tax (VAT) should be cut by 1% from 14%, according to the People’s Budget, presented by the South African Council of Churches, the South African Non-Governmental Coalition and the Congress of South African Trade Unions.

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/ 21 February 2005

Woolies raises R1,9bn via card securitisation

Listed clothing food and homeware retailer Woolworths has successfully completed the first-ever securitisation of its in-store credit card with the issue and private placement of R1,9-billion in AAA-rated notes, the company said on Monday. The group’s new securitisation programme, Account on Us, issued four tranches of notes.

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/ 19 February 2005

Travel scam accused out on R100 000 bail

A travel agent facing fraud and theft charges in the parliamentary travel scam was released on R100 000 bail in the Cape Town Magistrate’s Court on Friday. Soraya Beukes, former owner of the travel agency Business and Executive Travel, was granted bail last year, but it was withdrawn after an allegation that she had misled the court.

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/ 18 February 2005

Good reason to be confident, says Mbeki

South Africans have every reason to be confident of a bright future for their country, says President Thabo Mbeki. Writing in the African National Congress’ on-line publication, ANC Today, on Friday, he compared the transition period in South Africa with that in former communist East European states.

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/ 18 February 2005

Judge upholds school’s Afrikaans-only policy

A Cape High Court judge has upheld a bid by the governing body of Cape Town’s Mikro Primary School to preserve its Afrikaans-only status. However, the matter could end up in the Constitutional Court if the Western Cape education department has its way. The department ordered the school to created a special English-medium grade-one class this year.

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/ 18 February 2005

Travelgate case postponed in court

The case involving 23 MPs accused of misusing travel vouchers was postponed for further investigation in the Cape Town Magistrate’s Court on Friday. Earlier, Scorpions spokesperson Makhosini Nkosi said he was hoping for a postponement because further investigation is needed.

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/ 18 February 2005

Govt will not cushion oil-price moves

The South African government will not be pursuing a way of cushioning spikes in the oil price for consumers any time soon, according to Minister of Minerals and Energy Phumzile Mlambo-Ngcuka. She was addressing the media on Friday during Parliament’s media briefing week in Cape Town.

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/ 18 February 2005

Thatcher answers E Guinea’s questions

British businessman Mark Thatcher answered two lists of questions from Equatorial Guinea prosecutors on Friday about his involvement in a botched coup attempt in the Central African country. A relaxed-looking Thatcher appeared before a Cape Town magistrate in the Wynberg Magistrate’s Court to give his replies to the 43 questions.

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/ 17 February 2005

DA to try its luck in Zimbabwe

South Africa’s official opposition will be sending a delegation, including its national chairperson Joe Seremane and its chief parliamentary whip Douglas Gibson, to Zimbabwe on Friday. Seremane said: ”The visit is a sincere endeavour to determine whether the conditions exist for a free and fair election in Zimbabwe.”

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/ 16 February 2005

‘Epidemic of heart disease’ in SA

South Africa faces a looming health crisis as increased wealth, poor eating habits and sedentary behaviour point to an ”epidemic” of heart disease, especially among the black population. ”We are sitting on a time bomb,” said professor Anthony MBewu, interim president of the Medical Research Council.

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/ 16 February 2005

Former mayor’s gag bid dismissed

A Cape High Court judge on Tuesday dismissed an urgent application by former Beaufort West mayor Truman Prince seeking to prevent the broadcast of a television programme allegedly implicating him in child prostitution. The programme deals with prostitution in rural areas and specifically young women who ply their trade to truck drivers.

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/ 15 February 2005

Tony Leon: ‘I told you so’

Speaking on Tuesday in the debate on President Thabo Mbeki’s State of the Nation speech delivered on Friday, official opposition Democratic Alliance leader Tony Leon mentioned ”many examples of DA warnings that have proved correct”, regarding labour, Zimbabwe, Aids and anti-retrovirals, and the racial transformation of the public service.

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/ 15 February 2005

Stars come out for SA restaurants

”Hey waiter, there’s a fly in my soup!” These are words the Tourism Grading Council of South Africa hopes not to hear again. The country’s restaurant sector now has its first-ever grading system specifically designed for the industry. The grading is voluntary, and intends to assure quality in the food and beverage sector.

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/ 15 February 2005

Buthelezi calls for ‘green revolution’ in SA

Against the backdrop of increased unemployment in the past 10 years in South Africa, the country needs a "green revolution" in which the government plays a key role in branding and promoting South African produce and products, says Inkatha Freedom Party leader Mangosuthu Buthelezi. He was speaking in the debate on Tuesday on Friday’s State of the Nation address by President Thabo Mbeki.

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/ 15 February 2005

Investec raises R2,3bn via preference shares

Financial services group Investec has raised R1-billion via its public offer of preference shares, increasing the number of new shares issued from five million to 10-million to help meet demand for the shares. Combined with its previous private placement totalling R1,3-billion, the group has raised R2,3-billion via preference share issues.

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/ 14 February 2005

DA objects to naming its donors

Businesses could be denied government contracts if they are known to donate money to opposition parties, the Democratic Alliance said on Monday. This was one of several objections the DA made on Monday in response to a Cape High Court application seeking to compel four political parties, including the DA, to disclose the identities of private donors.