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/ 17 November 2005

Early Christmas for Mr Price

Listed retailer Mr Price has reported a 52% rise in diluted headline earnings per share for the six months to end-September 2005 to 46,5 cents from 30,6 cents a year earlier. The company declared an interim distribution of 24,3 cents per share, up from 13,2 cents at the halfway point in 2004, reducing its distribution cover to two times earnings from 2,4 times in the year-earlier period.

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/ 17 November 2005

Chiefs suffer shock loss

Kaizer Chiefs suffered another blow at Rustenburg’s Olympia Stadium when they lost 4-2 to Silver Stars in a Premier Soccer League encounter on Wednesday night. In other matches, Orlando Pirates drew 1-1 against Dynamos, Santos beat Tembisa Classic 2-0 and Mamelodi Sundowns drew 2-2 against Supersport United.

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/ 17 November 2005

The great fuel price change

Owners of certain vehicles will pay more for fuel next year when regulations to encourage the use of cleaner fuels come into effect, the South African Petroleum Industry Association said on Wednesday. Drivers of luxurious performance vehicles will pay a levy of at least 10 cents more if they choose to use 95-octane fuel, for example.

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/ 17 November 2005

Elephant tramples British student

A teenager who was trampled by an elephant near Mopane on Monday has been identified as William Andrew, a British student based at the Mooketsi Conservation Centre in Limpopo. The provincial department of economic development, environment and tourism said the incident occurred while the elephant was being trained.

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/ 17 November 2005

Rasuge killer to hear sentence

Murder convict William Nkuna is to be sentenced on Thursday for the murder of missing police constable Frances Rasuge. Nkuna was found guilty by Judge Ronald Hendricks in the Mmabatho Circuit Court in Ga-Rankuwa last month, more than a year after the constable went missing and investigations began.

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/ 16 November 2005

Maximum points for Arrows

Lamontville Golden Arrows collected maximum points when they beat Ajax Cape Town 2-0 in a Castle Premiership encounter played at King Zwelithini Stadium on Wednesday afternoon. Also, Moroka Swallows beat Jomo Cosmos 2-0 in a fast and entertaining Premier Soccer League game played at the Dobsonville Stadium in Soweto.

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/ 16 November 2005

Power failure leaves Parliament in the dark

A power failure that blacked out large areas of Cape Town on Wednesday left MPs attending a National Assembly debate in the dark when Parliament’s back-up generators failed to kick in. Areas affected by the cut included the Cape Town city centre and the towns of Caledon, Hermanus, Kleinmond, Bredasdorp and Cape Agulhas.

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/ 16 November 2005

Baxter: ‘It was never about the money’

Former Bafana Bafana coach Stuart Baxter officially vacated his job a poorer man after a four-hour meeting with the South African Football Association (Safa) management committee on Wednesday at the FNB Stadium. Baxter tendered his letter of resignation to Safa CEO Raymond Hack on Tuesday afternoon.

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/ 16 November 2005

No word from NPA on Shaik assets

The National Prosecuting Authority (NPA) is not commenting on its efforts to seize R30-million of the assets of Schabir Shaik now that he has been granted leave to appeal his corruption conviction and sentence. Meanwhile, an application for the return of items seized during raids on premises linked to Jacob Zuma is likely to be heard in court next month.

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/ 16 November 2005

Cosatu, SACP call for rail inquiry

A commission of inquiry should be set up to assess the state of rail transport in Gauteng, the Congress of South African Trade Unions (Cosatu) and the South African Communist Party said on Wednesday. They said such a commission should come up with proposals for overhauling the entire rail system.

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/ 16 November 2005

Unisa to get R600m revamp

The campuses of the University of South Africa (Unisa) will undergo a R600-million revamp in the next five years, principal Barney Pityana announced on Wednesday. ”The student profile of Unisa is changing and we have seen an increase in the number of younger people choosing to study full-time by long distance,” he said.

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/ 16 November 2005

Be careful, Cosmos warn Pirates

Jomo Cosmos have sent out a stern warning to their Coca-Cola Cup semifinal opponents, Orlando Pirates. ”They must be careful because we will do the same to them that happened in the SAA Supa8,” said former Bafana Bafana international Helman Mkhelele during Tuesday’s press conference.

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/ 16 November 2005

Suspended spy chief considers options

National Intelligence Agency director general Billy Masetlha was considering his options on Wednesday after receiving confirmation of his suspension from President Thabo Mbeki. In a minute signed by Mbeki on Tuesday, he confirmed that Masetlha’s suspension on October 20 by Intelligence Minister Ronnie Kasrils had been at his instruction.

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/ 16 November 2005

Pirates, Sundowns and Chiefs in PSL action

Don’t switch off your TV set on Wednesday night if you are a soccer fan and have even an inkling of interest in the Premier Soccer League (PSL) championship race. For the first time on South African television, three PSL games will be televised simultaneously — and they involve Orlando Pirates, Mamelodi Sundowns and Kaizer Chiefs.

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/ 16 November 2005

Edcon reports rise in earnings

Listed South African retailer Edgars Consolidated Stores (Edcon) has reported a 28% rise in diluted headline earnings per share to 109 cents for the six months to the end of September 2005, versus 85 cents in the year-earlier period. The company declared an interim dividend of 62 cents per share.

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/ 15 November 2005

Shaik granted leave to appeal

The Supreme Court of Appeal (SCA) on Tuesday granted businessman Schabir Shaik leave to appeal against his conviction on a charge involving ”a generally corrupt relationship” with former deputy president Jacob Zuma. Shaik had applied for leave to appeal to the SCA after the Durban High Court granted him leave to challenge, on limited grounds, one of two corruption convictions and one of fraud.

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/ 15 November 2005

Stuart Baxter quits as national soccer coach

Stuart Baxter has quit as coach of the South African soccer team. This was confirmed on Tuesday by chief executive of the South African Football Association Raymond Hack. ”There was no discussion really — just that Stuart handed me his resignation. One of the things he mentioned was that he was not happy with the environment he was working under,” said Hack.

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/ 15 November 2005

Rugby fans hope for World Cup in SA

South African rugby fans will gather around their television sets at about 6pm on Thursday to hear if the 2011 World Cup will again be held here. If South Africa gets the nod ahead of New Zealand and Japan, there will be wild celebrations around the country, as was the case with the soccer announcement.

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/ 15 November 2005

Coronation has R82bn under management

Listed fund-management group Coronation Fund Managers, one of South Africa’s largest independent fund-management companies, has posted a 29% increase in its assets under management for the year to the end of September 2005, reaching R82-billion from R63,7-billion a year earlier.