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/ 4 February 2008
The JSE had been lifted into the black by noon on Monday as firmer world markets and advances in the bank sector helped enliven the bourse after its soft opening. By noon, the broader all-share index had gained 0,92% to 29 016,26 points. Banks perked up 2%, while financials advanced 1,63% and industrials collected 1,66%.
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/ 12 November 2007
Mail & Guardian publisher Trevor Ncube has scotched rumours that Tokyo Sexwale’s Mvelaphanda Group is planning to buy a 30% stake in the newspaper. Ncube said that the company was in talks with a number of people, but at this stage, a deal was not on the cards.
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/ 12 November 2007
President Thabo Mbeki has denied that the government is behind the Koni Media Holdings’ bid to buy media giant Johncom. He described as ”irrational” the media storm around the bid by Koni — which is partly owned by Foreign Affairs spokesperson Ronnie Mamoepa, presidential political adviser Titus Mafolo and former chief of protocol Billy Modise.
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/ 10 November 2007
The retirement insurance industry needs to undergo a fundamental change, the National Education Health and Allied Workers’ Union said on Friday. ”In the recent past there have been numerous disastrous instances where workers’ savings have been wilfully misused and even squandered,” said the union in a statement.
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/ 5 November 2007
The takeover bid of media company Johncom by Koni Media Holdings — belonging in part to President Thabo Mbeki’s political adviser Titus Mofolo — was met with strong opposition by the Democratic Alliance and the South African Communist Party on Monday.
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/ 5 November 2007
The JSE remained weak at midday on Monday, in line with overseas markets as the troubled US subprime housing market continues to unsettle investors worldwide. At noon, the JSE’s all-share index was off 0,96%, resources fell 1.70%, the platinum mining index weakened 1,74%, but the gold mining index added 0,98% as the gold price stayed above $800/oz.
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/ 5 November 2007
Koni Media Holdings on Sunday denied government involvement in its bid to take over media and entertainment company Johncom. ”Koni Media strongly denies any involvement of the Presidency or any other government structures in its bid for a 100% stake in Johncom,” said group CEO Groovin Nchabeleng.
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/ 4 November 2007
President Thabo Mbeki’s political adviser and a government official are among a group who want to take over Johnnic Communications (Johncom). Koni Media Holdings, a company belonging to Mbeki’s adviser Titus Mafolo, Foreign Affairs Department spokesperson Ronnie Mamoepa, former chief of state protocol Billy Modise and a businessman, have launched a R7-billion bid.