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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.

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/ 14 February 2005

BEE group declares third dividend

Sakhikamva Investments, a broad- based black empowerment (BEE) investment company with shareholders including The Big Issue and the Black Sash Trust, has declared its third dividend of R200 per share to its shareholders. Sakhikamva was established in 2001 to facilitate broad-based, grassroots participation in the empowerment process.

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/ 11 February 2005

SA economy on track, says Mbeki

South Africa is on track concerning the implementation of the country’s broad macroeconomic policies as developed over the past few years and outlined in his State of Nation speech a year ago, according to President Thabo Mbeki. He was addressing MPs in his annual State of the Nation address on Friday.

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/ 10 February 2005

Anti-corruption ANC won’t open its books

The African National Congress on Thursday stated the party’s unqualified opposition to corruption in all it forms, but refused to bow to pressure for public scrutiny of who its private funders are. The Institute for Democracy in South Africa is seeking to compel the ANC and other parties to open their books for public scrutiny.

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/ 10 February 2005

School hostage-taker shot dead

The hostage taker at Monte Video Primary School in the Cape Town suburb of Montana has been shot dead, police confirmed shortly after noon on Thursday.
Captain William Reid said a situation occurred where the life of a child hostage was threatened. Earlier reports said a teacher was shot during the hostage drama.

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/ 10 February 2005

Who is funding whom?

There appeared to be a ”conspiracy of silence” between companies, political parties and foreign governments over party funding, the Cape High Court heard on Thursday. ”The most glaring omission in South Africa in relation to electoral processes … is the fact that there are no specific rules around the disclosure of private funding which political parties received,” said advocate John Butler.

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/ 10 February 2005

Kumba willing to finance rail infrastructure

Diversified mining group Kumba Resources is willing to participate not only in the financing of rail infrastructure but also the operation of the rail system for the transport of its iron ore and coal products, if necessary. If Kumba does get involved in the financing, it will result in an adjustment to the rail tariff it pays, Kumba CEO Dr Con Fauconnier said.

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/ 9 February 2005

Idasa goes to court over party donations

The case between the Institute for Democracy in South Africa (Idasa) and four political parties being heard in court on Thursday seeks to make public the records of donations in excess of R50 000 to these parties. Idasa wants the parties to disclose their private donors, the amount involved and conditions under which the donation was made.

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/ 9 February 2005

IFP leader speaks out on Aids

Couples wanting to marry should be required to undergo a compulsory Aids test before the wedding ceremony, says Inkatha Freedom Party leader Mangosuthu Buthelezi. He was speaking at a Cape Town Press Club luncheon on Wednesday. More has to be done to curb the pandemic, including declaring Aids a notifiable disease, he said.

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/ 9 February 2005

Canadian platinum-miner looks to SA

Canadian junior miner Platinum Group Metals, or PTM, is hoping to start mining platinum in South Africa within five years, PTM CEO Michael Jones said this week at the Mining Indaba. PTM’s key asset is its joint venture with world number one platinum-miner Anglo Platinum (AngloPlat).

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/ 9 February 2005

Buthelezi: Current BEE may lead to instability

The absence of broad-based black ownership of the South African economy may lead to economic insecurity and possibly even political instability, says Inkatha Freedom Party leader Mangosuthu Buthelezi. "I believe that the absence of broad-based black ownership might result in political alienation, economic insecurity and, possibly, even political instability," he said.

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/ 8 February 2005

Govt ‘forces’ enterprises to move abroad

South African government policies are forcing enterprises to move abroad because they do not want the government to dictate to them whom they should choose as business partners in South Africa, says the Freedom Front Plus. The minister of minerals and energy on Monday called on the marketing arm of De Beers to move to Southern Africa.

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/ 8 February 2005

Cape education dept ‘acted like bullies’

Western Cape education minister Cameron Dugmore and his officials had acted like schoolyard bullies in the Mikro primary-school affair, the Cape High Court heard on Tuesday. Mikro’s governing body is asking the court to overturn the provincial department of education’s instruction to create an English-medium class at the school.

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/ 8 February 2005

DA to go ahead with visit to Zimbabwe

The Democratic Alliance is unconcerned about Zimbabwe’s dismissal of the party’s plans to visit the country on a fact finding mission ahead of Zimbabwe’s March 31 general election, DA Africa spokesperson Joe Seremane said on Monday. Seremane said that anyone who knew Mugabe would not be surprised at this reaction.

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/ 7 February 2005

Jali prisons report out ‘by midyear’

The long-awaited report of the Jali commission into corruption and maladministration in prisons could be out by mid-year, commission secretary Charles Frank said on Monday. ”We will do our best but I don’t foresee it being done before the beginning of June,” he said from his office in Durban.

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/ 7 February 2005

SA forgers ‘just not up to the job’

The South African Bank Note company (SABN) has dismissed reports that its new R20 note has been counterfeited, saying forgers could not possibly match the technology required to produce the currency. ”Even if they managed to get a semblance of accuracy, they would not even get the feel of the paper right,” said SABN managing director Peter Gloster.

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/ 7 February 2005

‘Sixty percent chance’ of interest-rate cut

The likelihood of a 50 basis-point cut in interest rates by the South African Reserve Bank (SARB) stands at about 60%, according to Lehman Brothers economist Tolga Ediz. Commenting in a recent research note, the London-based Ediz said that the choice facing the SARB’s monetary policy committee at its February meeting will not be an easy one.

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/ 7 February 2005

Stich, Ivanisevic work hard for victory

Michael Stich was fully extended on Sunday evening by Mats Wilander, who at the of age 40 years was the ”elder statesman” at the Grand Champions 2005 tournament at the Cape Town International Convention Centre. Meanwhile, Goran Ivanisevic wrapped up the tournament on Sunday night with a victory over Pat Cash.

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/ 7 February 2005

Graeme Smith: ‘We’re hungry’

The captain of the South African cricket team, Graeme Smith, said South Africa planned to build on their excellent performance in the last two Standard Bank matches for the remainder of the seven-match series against England. Speaking after South Africa’s 108 run victory at Newlands on Sunday, Smith said they were hungry for success.

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/ 6 February 2005

Polished SA cricketers beat England

A polished performance by a determined South African side saw them beat England by 108 runs in the fourth Standard Bank one-day international at Newlands on Sunday, and take a two-one lead in the series. Set a target of 292 runs at nearly six runs a ball, England were always on the back foot.

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/ 6 February 2005

Rangers beaten in dull match

Manning Rangers’ woes continued when they were beaten 2-0 by 10-man Ajax Cape Town in a Castle Premiership encounter played at Chatsworth Stadium on Saturday night. The first goal of this dull match was netted by Thembinkosi Fanteni in the 19th minute, thanks to an excellent cross ball from Kanku Mulekelayi.