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/ 5 May 2004

SA has first environment-linked derivatives

South African financial services specialist Sterling Waterford Securities is breaking new ground in the international investment field with the planned launch of environmentally linked derivatives. The group’s upcoming carbon credit note issue will be a world first, while also providing the first formal trading facility for environmental derivatives.

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/ 5 May 2004

Researchers poised to uncover slave ship secrets

The Dutch slave ship Meermin ran aground off the southern Cape coast 236 years ago after an on-board rebellion was almost victorious — now researchers are poised to find her secrets. ”It is the beginning of a larger project to find different slave wrecks around the South African coastline,” said project manager Jaco Boshoff.

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/ 5 May 2004

Russian tug on the way to Cape Africa

A Russian salvage tug was making ready on Tuesday evening to head out to the stricken bulk carrier Cape Africa, which is currently lying 200km west of Hout Bay with a huge tear in her hull. A source in Cape Town harbour said the Nikolay Chiker was discharging 1 000 tons of bunker oil — presumably to make space to take fuel off the Cape Africa.

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/ 4 May 2004

IFP, ANC reach agreement in KZN

After weeks of negotiations with the African National Congress, the Inkatha Freedom Party has accepted three ministerial positions in the KwaZulu-Natal provincial government. The IFP originally withdrew two of its officials from the provincial executive, announced at the end of April.

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/ 2 May 2004

Grow with the flow, says dagga lobby

A group of about 150 Capetonians, waving posters proclaiming ”Cannabis Can Make Petrol and Paper”, ”Go Green” and ”Grow with the Flow” marched to the gates of Parliament on Saturday afternoon calling for the legalisation of dagga. The marchers released a bunch of green balloons with alien faces drawn on them; these flew over the wall and into the grounds of the parliamentary complex, where they were quickly gathered up by police.

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/ 30 April 2004

Desai to face the media on Monday

Cape Town judge Siraj Desai, cleared of a rape charge, wants to spend time with his family before dealing with the media, his lawyer said on Friday. An Indian judge on Thursday acquitted Desai, who serves on the Cape bench, of raping Aids worker Salome Isaacs in his Mumbai hotel room three months ago.

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/ 30 April 2004

Rasool names Western Cape cabinet

Western Cape premier Ebrahim Rasool on Friday named a male-dominated ten-person cabinet, a team which he said was ”destined to deliver” to the people of the province. ”Our goals are clear: our mandate is decisive,” he said. ”There is much to celebrate. But the work starts immediately.”

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/ 28 April 2004

Ship near Cape Town: ‘She could sink on us’

The South African Maritime Safety Authority was on Wednesday waiting for a plan of action to be determined by the Taiwanese owners of a stricken bulk carrier, Cape Africa, currently under tow to a rendezvous point off the Cape coast. On Monday the 270 metre vessel sent out a distress signal after a hole was discovered near the bow of the ship.

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/ 26 April 2004

Shoprite to unveil BEE initiative

Food retailer Shoprite Holdings will be announcing a black economic empowerment (BEE) initiative with the Department of Trade and Industry’s credit facilitation agency for small and medium enterprises, Khula Enterprise Finance, on Wednesday. Shoprite said the business venture will create positive spin-offs for BEE in South Africa.

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/ 25 April 2004

IFP endorses KZN cabinet withdrawal

The Inkatha Freedom Party’s specially convened national council meeting late on Saturday evening endorsed the withdrawal of two of its officials appointed to the KwaZulu-Natal provincial cabinet by Premier S’bu Ndebele. Earlier on Saturday the IFP said the two ministers were appointed without the party’s approval.

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/ 23 April 2004

Mbeki back in the hot seat

African National Congress leader Thabo Mbeki has been re-elected as President of the Republic of South Africa for his second term by the National Assembly. He was elected unopposed on Friday after nominations were called for by Chief Justice Arthur Chaskalson.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?ao=58684">Where will Ginwala go?</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?ao=58668">Mbete, Mahlangu elected to top posts</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=58678">New Speaker wants more natural debate</a>

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/ 23 April 2004

Where will Ginwala go?

Former speaker of the National Assembly Frene Ginwala looks set to be deployed by the organisation but her decision not to take the oath of office as a newly re-elected MP on Friday appears not to have been the decision of the ruling African National Congress.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?ao=58668">Mbete, Mahlangu elected to top posts</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=58678">New Speaker wants more natural debate</a>

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/ 23 April 2004

ANC-IFP talks on KZN govt continue

Talks between the African National Congress and Inkatha Freedom Party on an ”ANC-led broad-based government” continued on Friday ahead of the swearing-in ceremony of MPLs in Pietermaritzburg. IFP national spokesperson Musa Zondi said ahead of the ceremony that both parties were in caucus and no decision had been made.

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/ 22 April 2004

ACDP switches support to ANC in KwaZulu-Natal

The African Christian Democratic Party will throw its weight behind the African National Congress in KwaZulu-Natal but only under certain conditions, the party announced on Thursday. Before the election, the ACDP supported the IFP in principle in the legislature, as it had the majority support of the province’s voters.

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/ 22 April 2004

Ginwala gets the axe

Frene Ginwala, who has been Speaker of the National Assembly for the past 10 years since democracy, got the axe on Thursday from ruling African National Congress MPs. The speaker will be replaced by the Deputy Speaker, Baleka Mbete, who has served in that position since the first Parliament.

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/ 22 April 2004

ANC denies evicting journalists

The African National Congress on Thursday rejected suggestions the party is behind moves to evict journalists from their offices in the parliamentary precincts. Vienna-based International Press Institute director Johann Fritz on Wednesday suggested the "size of the ANC’s majority means it no longer needs to worry about the media".
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=34512">’Media need proper access'</a>

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/ 22 April 2004

First day of school for MPs

There was excitement and relief in the halls of Parliament on Thursday as MPs arrived to register for the third term of the African National Congress government. Pamela Mnandi, an ANC MP from KwaZulu-Natal, said the third term of government would represent her ”liberation” from the Inkatha Freedom Party’s rule in her home province.