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/ 13 September 2007

1time Holdings reports surge in earnings

1time Holdings on Thursday reported a 91% surge in headline earnings per share to 6,7 cents for the six months ended June from 3,5 cents a year ago. In line with its strategy to reinvest in the group in order to sustain growth, no dividend has been declared. Attributable earnings grew by 27% to R12-million.

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/ 13 September 2007

World’s Muslims celebrate start of holy month

Most of the world’s 1,2-billion Muslims celebrated the start of the holy month of Ramadan on Thursday as Indonesians prayed for the victims of a massive earthquake that rocked Sumatra island a day earlier. The start of Ramadan, the holiest month of the Muslim calendar, is traditionally determined by the sighting of a new crescent moon.

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/ 12 September 2007

New US military command in Africa to start work

The United States launches a new military command for Africa in Germany next month, with small teams of key staff, but no troops, based on the continent, a senior US defence official said on Wednesday. The Africa Command will initially work from Stuttgart, and have a year to prepare six locations in as yet unidentified African countries.

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/ 11 September 2007

Demand for skilled SA professionals soars in UK

Demand for skilled South Africans is soaring in the United Kingdom, which is experiencing a major skills shortage, a UK recruitment agency said on Tuesday. "Demand for South African professionals is soaring in the UK because London’s top financial-services industry experiences a massive skills shortage," said Nabila Sadiq of the Joslin Rowe Temporaries agency.

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/ 11 September 2007

Ask the online ombud

Seasoned dispute-resolution expert advocate Neville Melville has announced the launch of <i>Onlineombud.com</i>. According to Melville, it will place the benefits of an ombudsman service within the reach of any business or organisation, irrespective of size.

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/ 10 September 2007

Report: Despite challenges, world faces brighter future

Despite daunting challenges posed by global warming, water, energy, unemployment and terrorism, the world faces a brighter future with fewer wars, higher life expectancy and improved literacy, according to the 2007 <i>State of the Future</i> report released on Monday. It noted that the number of African conflicts fell from a peak of 16 in 2002 to five in 2005.

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/ 10 September 2007

Tips for stocks

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/ 10 September 2007

Somali opposition vows to defeat Ethiopia

Somalia’s opposition leaders predicted on Monday that a further surge in an Islamist-led insurgency in the capital, Mogadishu, could defeat Ethiopian troops supporting the government there within two months. "The liberation forces are gaining strength day after day," said Zakariya Mahamud Abdi, spokesperson of a congress in Eritrea’s capital, Asmara.

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/ 10 September 2007

Billion-dollar brother

Things just keep getting better for Patrice Motsepe. The mining magnate and soccer boss is South Africa’s first black dollar billionaire. But even as he catapults up the wealth stakes, it is unclear just how broad-based one of his key deals are, writes Jocelyn Newmarch.

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/ 9 September 2007

The 6% solution

From a macroeconomic perspective, the massive disparities in South Africa, coupled with considerable expectations of economic empowerment, require sustainable growth of more than 6% in the next decade, writes Iraj Abedian, the chief executive of Pan-African Capital Holdings.

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/ 7 September 2007

Bush speaks at Opec … er, Apec

United States President George Bush, who reportedly once told aides he dislikes the "small talk in big rooms" of summitry, seemed not entirely sure on Friday which world leader gathering was going. Opening the keynote speech of his visit to Sydney, Bush thanked Australian Prime Minister John Howard "for being such a fine host for the Opec summit’.

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/ 7 September 2007

Gunmen kill cops in Mogadishu attacks

Gunmen killed two police officers in Somalia’s capital, Mogadishu, where the embattled transitional government is facing a deadly insurgency, police said on Friday. The pair were killed overnight when insurgents ambushed a police patrol in northern Mogadishu’s Huriwa district, one of the most volatile zones in the lawless city, said police officer Abdulwahid Mohamed.

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/ 7 September 2007

One for me, one for Moi

"We sat in the heat with thousands of guests, eating rice and meat — many bulls had been slaughtered for this feast. Speeches were made and we waited, Fantas in hand, for the beer to be unloaded. We knew that on such occasions Kenya Breweries could be counted on to bring in truckloads of beer." Binyavanga Wainaina recalls a memorable wedding in Kenya.

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/ 7 September 2007

Gloves come off in DRC

After a three-month stand-off between rebel General Laurent Nkunda and the Congolese army, the situation in the eastern Democratic Republic of Congo (DRC) has, over the past week, slipped into an open conflict between the two camps, with the United Nations peacekeeping mission in the DRC helping out on the government’s side.

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/ 6 September 2007

Park may use predators to control deer population

A Dutch park of natural sand dunes may introduce predators to control its overpopulation of deer, a local official said on Wednesday. The park’s management company, Waternet, "has made some study proposals. One of them is to introduce predators," said Marjolijn Goethem, a spokesperson for the local commune west of Amsterdam where the park is located.

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/ 6 September 2007

Honouring Steve Biko

This month marks the 30th anniversary of the death of black consciousness leader Steve Bantu Biko. How do we honour him? There is hardly a debate that is not shot through with race. In urban centres these include the fractured debates about employment equity and empowerment. In rural areas, racial relations reflect the neo-feudal arrangements of the Seventies.

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/ 5 September 2007

No grumpy pictures with new camera

For those fed up with the family photos where one person is perpetually frowning, a new Japanese camera is said to automatically weed out pictures when a person isn’t smiling. Electronics giant Sony said on Wednesday it will begin sales this month of the compact "Cyber-shot T" series that can detect a smile and immediately drop the shutter.

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/ 4 September 2007

Wilkinson out of World Cup opener

<a href="http://www.mg.co.za/specialreport.aspx?area=rugbyworldcup07_home"><img src="http://www.mg.co.za/ContentImages/317644/icon_rwc_03.gif" align=left border=0></a>England flyhalf Jonny Wilkinson has been ruled out of the defending champion’s World Cup opener against the United States after twisting his ankle in training on Tuesday. "Jonny Wilkinson twisted his ankle in training this morning and is not available for selection," said coach Brian Ashton.

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/ 4 September 2007

Nigeria open for business

Business in Nigeria is booming — and South African companies are determined to be a part of an economy they say has sky-high potential, despite the challenges posed by unpredictable regulations, unreliable power and a lack of infrastructure. Of these companies, MTN has enjoyed the most obvious success, but other players are upbeat.

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/ 3 September 2007

Seeking servants of the people

As the African National Congress’s December national conference approaches, it is critical to examine the factors that will guide the party in choosing its leaders, rather than focusing solely on who those leaders will be, writes Nozizwe Madlala-Routledge.