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/ 27 October 2004
De Beers Consolidated Mines (DBCM), the South African division of global diamond giant De Beers, has concluded the sale of Dancarl Diamonds, a mine in the Northern Cape, to a black-owned partnership consisting of Sedibeng Mining and Meepong, a women’s grouping, together with Australia’s Crown Diamonds NL.
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/ 27 October 2004
Equatorial Guinea authorities are being given a chance to go on a fishing expedition by questioning Mark Thatcher, a Cape High Court judge said on Wednesday. Thatcher is hoping to overturn a subpoena ordering him to answer questions on an alleged coup bid in Equatorial Guinea.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=124471">Tough questions in Thatcher case</a>
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/ 27 October 2004
The judges hearing Mark Thatcher’s Cape High Court application on Wednesday subjected the state’s legal team to some tough questioning on Thatcher’s constitutional rights. Thatcher is seeking to overturn a subpoena ordering him to answer questions on an alleged coup bid in Equatorial Guinea.
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/ 26 October 2004
Politicians and economists have reacted to Tuesday’s Medium Term Budget Policy Statement, tabled by Minister of Finance Trevor Manuel in Parliament on Tuesday. George Glynos, market analyst at Econometrix Treasury Management, said: "One has to say that it was a relatively optimistic and fair speech."
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/ 26 October 2004
The attorney general of Equatorial Guinea lied when he applied to the South African government for Mark Thatcher to undergo questioning, the Cape High Court heard on Tuesday. Advocate Peter Hodes was arguing Thatcher’s bid for the overturn of a subpoena ordering him to answer questions on an alleged coup plot in Equatorial Guinea.
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/ 25 October 2004
In a precedent-setting judgement, a full bench of the Cape High Court ruled on Monday in favour of the South African Broadcasting Corporation’s (SABC) request to televise Mark Thatcher’s civil case on Tuesday. Thatcher has been implicated in a botched coup in Equatorial Guinea and is scheduled to appear in court on Tuesday.
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/ 25 October 2004
The most important issue that Minister of Finance Trevor Manuel should address in his medium-term Budget policy statement — to be delivered in Parliament on Tuesday afternoon — is economic growth, says South Africa’s opposition leader Tony Leon.
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/ 25 October 2004
General Bantu Holomisa’s United Democratic Movement says Deputy President Jacob Zuma should ”vacate” his position and thereafter he should be prosecuted. At the party’s national council in Pretoria at the weekend, the party passed a resolution noting the trial of Zuma’s business adviser Schabir Shaik.
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/ 23 October 2004
South Africa’s national broadcaster on Friday asked permission to broadcast a legal challenge by Mark Thatcher against a subpoena forcing him to answer questions on his alleged role in a coup plot in Equatorial Guinea. The South African Broadcasting Corporation (SABC) submitted an application before the Cape High Court to air court proceedings on Tuesday.
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/ 22 October 2004
The spat between President Thabo Mbeki and the Democratic Alliance over his reply to a question in the National Assembly on Thursday continued on Friday, with both Mbeki and DA leader Tony Leon referring to the matter in their respective weekly newsletters.
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/ 22 October 2004
Foreign business chambers falling under the Bilateral Chamber Consultative Committee — an umbrella body representing 21 private-sector business groupings — have a high level of confidence in the South African economy. This was the message delivered on Friday to the National Assembly trade and industry committee.
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/ 22 October 2004
The South African Presidency is not yet ready to make an announcement on the salary adjustments for judges and MPs, said President Thabo Mbeki’s spokesperson Bheki Khumalo on Friday. This comes amid speculation that the president will not accept the advice of a 7% increase recommended by the Moseneke Commission.
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/ 21 October 2004
Small retail pharmacies will soon be extinct in South Africa unless new regulations governing medicine pricing and dispensing margins are changed, according to the group leader of listed health and beauty retailer New Clicks Holdings, Trevor Honneysett. He also said the legislation has not succeeded in reducing medicine prices.
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/ 21 October 2004
President Thabo Mbeki deflected a question about the relationship of rape and the spread of HIV/Aids by accusing a Democratic Alliance MP of not understanding the scourge of racial oppression. In a lively debate in the National Assembly on Thursday, Mbeki repeatedly accused DA health spokesperson Ryan Coetzee of not listening.
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/ 21 October 2004
Health and beauty retailer New Clicks Holdings is confident that its model for including pharmacy dispensaries and related health services across its Clicks chain of stores will prove profitable, even if the current regulations fixing dispensing fees and establishing single exit prices for medicines prove to be permanent.
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/ 21 October 2004
Finance Minister Trevor Manuel has paid tribute to the Cape Town based non-governmental organisation You and Your Money — for trying to assist and provide guidance to people in severe debt. At a macro-economic level, household debt was a reasonable 55% of disposable income, Manuel said.
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/ 20 October 2004
A group of handicapped South Africans has threatened legal action against a local airline for charging extra fees to passengers who need assistance boarding, an MP said on Wednesday. The South African-based Nationwide Airlines will answer to complaints of discrimination before the Equality Court, a Cape Town-based tribunal.
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/ 20 October 2004
Minister of Communications Ivy Matsepe-Casaburri announced on Wednesday the names of two of the three potential bidders for the unallocated equity in the second national telephone operator (SNO). They are Old Mutual Asset Managers and Tata Africa Holding.
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/ 19 October 2004
Although ”elements” of al-Qaeda have been detected in South Africa, the terrorist organisation has established no networks here, Minister of Intelligence Ronnie Kasrils said on Tuesday. Speaking at a Cape Town Press Club luncheon, he described al-Qaeda as ”a huge international threat”.
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/ 19 October 2004
Deputy President Jacob Zuma gently chided the religious on Tuesday for not doing enough to challenge the portrayal of violence and sex in the media. ”There is something wrong in society if religious people are afraid to challenge things,” said Zuma, delivering the inaugural Desmond Tutu Peace Lecture.
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/ 19 October 2004
South African joint venture brandhouse, newly formed between Diageo, Heineken and Namibia Breweries, is notching up success in the local spirit-cooler sector through the recent launch of two South African-designed brand innovations — Smirnoff Triple Spin and Archers Aqua.
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/ 19 October 2004
Listed retailer Pick ‘n Pay has managed the current South African environment of very low inflation and deflation in some categories by improving its operational efficiencies as well as encouraging higher sales volumes, reflected in an improvement in its operating profit margin to 2,6% from 2,4% a year earlier.
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/ 18 October 2004
The Pharmaceutical Society of South Africa has welcomed the introduction of professional service fees that may be levied by pharmacists. The new fees mean pharmacists may now charge up to R60 for their ”time and skill” in preparing certain products, and as much as R24 for a ”consultation” with a customer.
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/ 18 October 2004
The South African government has taken "strong exception" to reported comments attributed to the interim Haitian Prime Minister Gerard Latortue, accusing President Thabo Mbeki of failing to respect international law by allegedly "allowing a person in his territory to organise violence in another country".
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123896">’Mbeki not respecting international law'</a>
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/ 18 October 2004
The African Christian Democratic Party has called on President Thabo Mbeki to respond to claims he is breaking international law by allowing deposed Haitian leader Jean-Bertrand Aristide to incite violence, from South Africa, among his followers in his homeland. The Democratic Alliance also called on Mbeki to respond to the allegations.
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/ 18 October 2004
The South African government has confirmed that Israeli Deputy Prime Minister Ehud Olmert will visit South Africa from Wednesday to Saturday and has defended the visit "in the context of ongoing efforts by South Africa to assist Israelis and Palestinians to find a long-lasting resolution to the political crisis currently affecting the Middle East".
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/ 18 October 2004
The recent launch of the National Treasury’s Urban Renewal Tax Incentive is certain to stimulate further investment in Cape Town’s central city and immediate surrounds, according to Cape Town Partnership CEO Andrew Boraine. The incentive will first apply to Cape Town and Johannesburg.
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/ 15 October 2004
The R100 000 bail granted to parliamentary travel scam suspect Soraya Beukes was suspended on Thursday, after allegations that she had given false information to enable her to go to Mozambique. Scorpions prosecutor Ben Avenant alleged in the Cape Town Magistrate’s Court that her purpose was to abscond. Beukes is the owner of Business and Executive Travel.
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/ 14 October 2004
National Assembly Speaker Baleka Mbete has granted permission for Independent Democrats leader Patricia de Lille and the former chairperson of the standing committee on public accounts (Scopa), Gavin Woods, to appear in court as state witnesses in the trial of Schabir Shaik.
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/ 14 October 2004
Cape Town conservation authorities are increasingly considering capturing a young hippopotamus that has been on the run for a couple of weeks after escaping from the Zeekoevlei Nature Reserve. The hippo has captured the public’s imagination. So far, passive capture methods have proved unsuccessful.
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/ 14 October 2004
The African National Congress has rejected media speculation that it is opening debate on who is to succeed President Thabo Mbeki as South African leader. In a statement on Thursday — in response to such speculation — the party said it wants to clarify a number of issues regarding the leadership succession.
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/ 14 October 2004
The strategic black economic empowerment (BEE) partnership between listed financial services group Metropolitan and black-owned investment group Kagiso Trust Investments, details of which were announced in June, has been officially finalised with the transfer of both shares and money on the part of both partners.