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/ 18 December 2007
South African media group Naspers and Tradus — formerly QXL Ricardo — have reached agreement on the terms of a recommended cash offer to be made by Naspers’s subsidiary Myriad International Holdings BV for the entire share capital of Tradus at £18 a share, it was announced on Tuesday.
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/ 18 December 2007
The JSE was lower at midday on Tuesday, playing catch-up after the public holiday on Monday when there was weakness in global equity markets. By 12.04pm, the JSE’s all-share index had pulled back 2,38%. The gold mining index fell 3,31%, resources lost 3,21% and the platinum mining index gave up 3,16%.