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/ 24 August 2004

SA courts ‘should not judge Canadian trial’

South African courts should not decide whether a South African-born fugitive from justice had received a fair trial in Canada, the Constitutional Court heard on Tuesday. The court is hearing a case that is considered crucial to whether people sentenced in their absence in other countries will be able to find sanctuary in South Africa.

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/ 24 August 2004

Minister visits Cape jail after fatal fire

Minister of Correctional Services Ngconde Balfour has ordered steps be taken to minimise the risk of a repeat of Monday’s fatal cell blaze at Pollsmoor prison in Cape Town. He visited the prison on Tuesday morning to inspect the cells where six awaiting-trial inmates set fire to mattresses and bedding on Monday afternoon.

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/ 24 August 2004

Dollar weakness led to rand strength

The continued and broad-based weakness of the United States dollar in the international currency markets was one of the major factors that caused the rand to appreciate on a trade-weighted basis by 16% during 2003 and by 9% in the first seven months of 2004, said South African Reserve Bank Governor Tito Mboweni on Tuesday.

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/ 24 August 2004

Mboweni: SA banking system is sound

Non-performing loans (NPLs) — loans that are more than 180 days overdue or considered irrecoverable — amount to 2% of the total loan book of South African commercial banks, South African Reserve Bank Governor Tito Mboweni said in his inaugural address of his second five-year term on Tuesday.

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/ 23 August 2004

Terre’Blanche to be released

The Pretoria High Court has — with ”no hesitation” — set aside rightwinger Eugene Terre’Blanche’s warrant of arrest and has told the Department of Correctional Services to release him from Potchefstroom prison immediately, following his arrest on Saturday for an alleged parole violation.

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/ 23 August 2004

Crucial extradition case before court

The Constitutional Court will start hearing a case on Tuesday that could determine whether South Africa becomes a haven for people sentenced in absentia in other countries. It centres on a South African who fled Canada in 1996 after being convicted of sexually assaulting a 14-year-old girl over a nine-month period.

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/ 23 August 2004

PAC to seek out inactive members

The Pan Africanist Congress of Azania has appointed a committee to find inactive members of the party and to examine perceived disunity, president Motsoko Pheko said on Monday. In a statement on Monday, Pheko said inactive members will be invited to become active and to assist with tasks suited to their skills and influence.

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/ 23 August 2004

DA concerned about SA current account

The official opposition Democratic Alliance says the near-record current account deficit recorded in the second quarter of 2004 of R49-billion — 3,7% of gross domestic product — "is cause for concern". Shadow finance minister Raenette Taljaard said there are at least four reasons for this jump in the figures.

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/ 22 August 2004

Jo’burg hawkers up in arms

Hawkers will march to Johannesburg council offices on Wednesday in protest against being removed from streets in the inner city, the African Council for Hawkers and Informal Businesses said on Saturday. A council spokesperson denied the hawkers were not invited when the city’s new by-laws were formulated.

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/ 22 August 2004

In Mugabe we trust

An opinion poll published this week indicates that trust in Zimbabwean President Robert Mugabe has more than doubled since 1999. Researchers say certain Zimbabweans have benefited from ruling-party patronage, but that Mugabe’s higher approval rating can mostly be ascribed to state propaganda.

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/ 21 August 2004

Last UDM town falls to ANC

The African National Congress on Friday asserted its authority in Umtata — the last town the United Democratic Movement had any control over in the country. After by-elections in June, the UDM refused to abdicate power and resorted to the court for protection. The court ordered that the parties should resolve their problems.

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/ 20 August 2004

Cosatu to work with Nigerian, Ghanaian unions

South Africa’s biggest trade union movement said on Friday it will work with major labour federations from Nigeria and Ghana to have a say in decisions taken by the African Union. Leaders from the Congress of South African Trade Unions (Cosatu) held two days of talks with the Nigerian Labour Congress and the Ghana Trade Union Congress.

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/ 20 August 2004

Burundi massacre: Mbeki speaks out

President Thabo Mbeki on Friday called on the International Criminal Court to investigate the Gatumba massacre in Burundi and prosecute those responsible. Writing in the African National Congress’s online publication, he urged the African Union and United Nations to declare Burundi’s rebel Palipehutu-FNL a terrorist organisation.

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/ 20 August 2004

Arms-deal case postponed

The urgent application by French arms dealer Thint to have criminal charges against it dropped is to be argued in the Pietermaritzburg High Court on Tuesday. Counsel for the National Directorate of Public Prosecutions argued on Friday that the application should either be struck from the roll or adjourned as non-urgent.

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/ 20 August 2004

Reserve Bank to monitor oil prices carefully

The South African Reserved Bank (SARB) will be watching carefully the impact of the high oil price on inflation in the country, SARB Governor Tito Mboweni said on Friday at a meeting of Parliament’s joint finance committees. He acknowledged that there is nothing to be done to influence high oil prices.

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/ 20 August 2004

Carry trade not big cause of rand strength

Although "carry trade" has played a role in the strength of the rand, the activities of exporters and importers have the biggest impact on the rand’s exchange rate, according to South African Reserve Bank Governor Tito Mboweni, who was addressing a meeting of Parliament’s joint finance committees on Friday.

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/ 20 August 2004

New company law planned for 2006

A Corporate Law Reform Bill is scheduled to be put to the South African Cabinet for approval by September next year, while the drafting process is expected to be completed by the end of this year. It is expected that a single corporate entity will replace distinctions between close corporations and public and private companies.

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/ 20 August 2004

Top Old Mutual man resigns

Old Mutual South Africa has announced the resignation of Sello Moloko, CEO of Old Mutual Asset Managers (Omam) South Africa. He will be replaced by Thabo Dloti, currently executive general manager of Group Schemes at Old Mutual. Sparks said it was with "deep regret" that he had accepted Moloko’s resignation.

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/ 19 August 2004

Telkom unions to meet minister

Minister of Communications Ivy Matsepe-Casaburri is willing to meet with the three unions at Telkom to discuss the fixed-line monopoly’s retrenchment proposals, her spokesperson Donovan Cloete said on Thursday. ”The meeting will happen. The minister will engage with the unions,” he said.

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/ 19 August 2004

Travelgate ‘witch-hunt’ condemned

Deputy President Jacob Zuma has condemned the carrying-out of a witchhunt against MPs allegedly involved in the Travelgate scam. The deputy president told MPs: ”I will never participate in the campaign against people when they are not found guilty … if there is no evidence conclusively that says, yes, they have erred.”

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/ 19 August 2004

Health legislation to ban human cloning

National health legislation, due to be signed into law by President Thabo Mbeki, will prohibit the manipulation of any human genetic material for the purpose of reproductive cloning. The minister of health said the legislation permits her to allow ”therapeutic cloning … under prescribed conditions”.