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/ 17 June 2004

Health minister stands firm

South Africa’s Health Minister Manto Tshabalala-Msimang is standing firm on her government’s interventions aimed to bring down the price of medications — in spite of legal action being taken against her department. Speaking during her vote in Parliament on Thursday she said: ”Our research indicates that large profits are being made on the sale of medicines.”

  • Nurses to start community service
  • ‘Dispensing not picked up on the job’
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    / 15 June 2004

    Oh Lord, what to do about gay clergy?

    Anglican Archbishop Njongonkulu Ndungane has called for ”creative solutions” in his church’s bid to deal with the potentially schismatic issues of gay clergy and marriage. He made the call in a submission to a special church commission set up to look at the issue, which is meeting in North Carolina in the United States this week.

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    / 15 June 2004

    Minister to cooperate with gender commission

    Foreign Affairs Minister Nkosazana Dlamini-Zuma will co-operate with the Commission for Gender Equality on queries about controversial ambassador Norman Mashabane, foreign affairs said on Tuesday. ”The minister of Foreign Affairs has been in contact with the Gender Commission, and will continue to co-operate with it to find an amicable resolution of the matter,” departmental spokesperson Ronnie Mamoepa said.

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    / 14 June 2004

    SADC warns coup plotters

    The Southern African Development Community (SADC) will not accept any unconstitutional change of government in the region, and reserves the right to intervene in such an event, Deputy Foreign Affairs Minister Aziz Pahad said on Monday. The announcement comes after renewed concerns over the developments in Bukava in the Democratic Republic of Congo.

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    / 14 June 2004

    Van Schalkwyk may be called to testify

    Marthinus van Schalkwyk, the Environmental Affairs and Tourism Minister, could be called to testify for the state in the Roodefontein corruption trial which resumes next Monday. Former Western Cape premier Peter Marais and former development planning MEC David Malatsi are accused of taking hundreds of thousands of rands in bribes to smooth the way for provincial approval of a gold estate at Plettenberg Bay.

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    / 12 June 2004

    DA questions Telkom’s price arguments

    Official opposition communications spokesperson Dene Smuts says Telkom is disingenuous when it argues that its profits were not only derived from revenues but also cost savings. Telkom, which appeared before the parliamentary communications committee on Friday, argued that fixed line profits were the product of cost cuts.

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    / 10 June 2004

    Old Mutual looks to cut costs in SA

    United Kingdom- and South Africa-listed Old Mutual plc is looking to improve the performance of its South African operations through a combination of strategies, including cost cutting in its back office and implementing more efficient systems, as well as boosting the numbers of its sales force, according to CEO Jim Sutcliffe.

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    / 10 June 2004

    Richemont beats forecast as sales pick up

    Swiss-based, South Africa-listed luxury goods group Richemont has outperformed market expectations for its financial year ending March 31 2004, analysts said on Thursday, reporting a 3% rise in fully diluted earnings per unit of €1,193 and boosting its dividend by 25% to €0,4 per unit.

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    / 9 June 2004

    Engen launches new unleaded fuel

    Engen Petroleum, South Africa’s largest fuel retailer, has launched its Dynamic Unleaded fuel in South Africa, the latest in its range of fuels marketed under the Dynamic product line, the company announced on Wednesday. From Wednesday, Dynamic Unleaded will be available nationwide at approximately 900 Engen sites.

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    / 9 June 2004

    Sanlam, PPS formally extend agreement

    Sanlam, one of South Africa’s largest insurance and financial services groups, and the Professional Provident Society Insurance Company (PPS) have formally extended the agreement governing their relationship, with PPS reaffirming Sanlam as its preferred provider in its endeavour to broaden its range of products and services.

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    / 9 June 2004

    Leon calls for ‘words and action’ on Zimbabwe

    Democratic Alliance leader Tony Leon on Wednesday called for immediate action on Zimbabwe following the latest land grab moves by President Robert Mugabe’s regime. ”It is absolutely crucial that South Africa ends the silence of silent diplomacy. There is an urgent need for both words and action on Zimbabwe’s latest economic anarchy,” he said.

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    / 9 June 2004

    KWV in major empowerment deal

    KWV Limited, South Africa’s second-largest wine and spirits producer and exporter, has concluded an agreement with a broad-based black economic empowerment (BEE) consortium in the local wine industry, Phetogo Investments, for Phetogo to make a share purchase offer to acquire a 25,1% stake in the company.

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    / 8 June 2004

    Pick ‘n Pay really is cheaper, says ad authority

    South Africa’s Advertising Standards Authority has ruled in favour of retail group Pick ‘n Pay regarding a complaint from a member of public that the company’s Hypermarket marketing campaign was misleading by claiming Pick ‘n Pay is "always cheaper". The authority found that the "always cheaper" slogan is backed up by independent research.

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    / 8 June 2004

    SA trust shortlisted for $1m prize

    A South African NGO, the Social Change Assistance Trust was on Monday placed on the shortlist for the $1-million Alcan Prize for Sustainability by The Prince of Wales International Business Leaders Forum. Of almost 500 entries received from 79 countries around the world, only 12 organisations made the shortlist.

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    / 8 June 2004

    Boland skywatcher all set for Venus

    When he turns his telescopes towards the sun on Tuesday, Boland skywatcher Willie Koorts will be at least partly fulfilling the wishes of a long-dead astronomer. He will be observing the transit of Venus, an event so rare that no person alive today has witnessed it, and doing so from almost the same spot in his home town Wellington as an American scientific expedition in 1882.

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    / 7 June 2004

    Edcon optimistic on securitisation deal

    Listed South African retailer Edgars Consolidated Stores (Edcon) is optimistic that it will attract good investor interest, as well as a lower price, for its second securitised debt issue from its OntheCards securitisation programme, based on its customers’ store card debt, according to CEO for group services, Mark Bower.

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    / 7 June 2004

    WEF summit gets into relaxed Maputo vibe

    The ambiance at the World Economic Forum’s (WEF) 14th annual Africa Economic Summit, which took place in Maputo last week, was markedly more relaxed than previous gatherings in Durban, as participants and the media fell under the spell of the Mozambicans’ slower but friendly pace of life and took advantage of the city’s excellent food and nightlife.

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    / 6 June 2004

    Astronomer had no luck with Venus

    As Venus tracks slowly across the face of the Sun on Tuesday, it may be fitting to remember one of the most unlucky astronomers in the history of the science. The Frenchman Guillaume Joseph Hyacinthe Jean-Baptiste Le Gentil de la Galaisiere risked death in the 18th century to travel half way across the world to observe a pair of transits of Venus.