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/ 8 December 2006

The deals ain’t over yet

Spare a thought for Russell Loubser this Christmas. If the buyouts of listed companies continue, the JSE’s CE may find himself presiding over a stock market that’s merely a shadow of its former self. Already, the private equity sharks are circling and have a number of kills under their belts. More are expected in the new year.

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/ 6 December 2006

Top cops fuming over Selebi’s treatment

The nine provincial police commissioners on Wednesday expressed anger and disgust at ongoing media allegations that police National Commissioner Jackie Selebi is linked to criminal activity. Speaking on behalf of the provincial commissioners, Western Cape Commissioner Mzwandile Petros said the commissioners met on Tuesday with the National Prosecuting Authority.

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/ 6 December 2006

Paris breaks stereotypes to lure British tourists

A dip in arrivals from Britain, its biggest tourist market, has pushed Paris to re-think the way it packages itself and throw off some of the sniffy stereotypes it has been saddled with. This week, the tourist board for the Paris region launched a new ad campaign aimed at Britons that, far from flaunting its well-known monuments and museums, seeks to portray the French capital as an energetic, youthful and trendy city.

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/ 5 December 2006

SA ‘whites-only’ town hails claim settlement

Diehard Afrikaners living in South Africa’s sole whites-only town, Orania, on Tuesday said the settlement of a land claim is a boost for their quest for self-sufficiency and independence. "We’re very satisfied that the claim lodged by about 80 people was settled on Monday and that the state is paying them R2,9 million," town spokesperson Eleanor Lombard told the media by telephone.

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/ 5 December 2006

Lung cancer claims anti-smoking expert

Allen Carr, the Briton who helped millions of people to quit smoking, died on November 29 after losing his battle with lung cancer, his spokesperson said. The 72-year-old, a former 100-a-day smoker who stubbed out his last cigarette 23 years ago, died at his home near Malaga, southern Spain, with his family at his bedside, she added.

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/ 5 December 2006

UN to hold special session on Darfur

The United Nation’s top human rights forum will hold a special session on violations in Sudan’s strife-torn region of Darfur on December 12, the world body announced on Tuesday. European and African states in the UN Human Rights Council last week joined forces to call the urgent session, but a date for the session had yet to be set.

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/ 5 December 2006

Swedish pensioner’s epic voyage in homemade yacht

The adventure would not be out of place in an anthology of ancient tales of foolhardy mariners. A pensioner who set sail for the Caribbean in a homemade boat because he liked pictures of the tropical islands has reached his destination after overcoming violent storms, shipwrecks, burglary, severe damage to his vessel and eight months marooned in Norfolk.

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/ 5 December 2006

Everydog trots back with Disney shorts revival

The Goof, as Walt Disney called him, is back. Nearly 50 years after Disney shifted focus from short cartoons to feature-length animation, the company has decided to return to the form. The first short will be a reprise of the "how to" series popular in the 40s and 50s in which Goofy plays the American Everydog, befuddled by the complexities of modern life.

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/ 5 December 2006

Pfizer withdraws heart drug

Trials of a drug that was expected to save millions of people from heart attacks and stroke, ushering in a new era of protective heart medicines, have been abruptly halted after it became clear that it increased the risk of patients dying. Pfizer, the world’s biggest drug manufacturer, announced it was stopping an $800-million trial of the pill, known as torcetrapib.

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/ 5 December 2006

US troops battle to survive in Afghanistan

If Afghanistan had a tourist industry, the postcard-pretty Korengal Valley would be a star attraction. Majestic mountains soar to the heavens. Sunlight spills over terraced fields. Gleaming snow dusts the jagged peaks. But for the United States soldiers stationed there, Korengal is IED Valley, a perilous, exhausting battlefield and the heart of the US war against al-Qaeda in Afghanistan.

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/ 5 December 2006

HIV/Aids barometer – December 2006

Research in Kenya indicates that the rapid spread of HIV/Aids across Africa is linked to malaria. “We knew the relationship, but not the impact it had on the spread. Now we have a reference point,” says Ayub Manya, an epidemiologist with the Kenyan National Malaria Control Programme.

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/ 4 December 2006

SACP outraged by planned SAA retrenchments

The South African Communist Party (SACP) says it is outraged by media reports that South African Airways (SAA), the state airline, is planning to retrench close to 1 000 workers by December 2007. In a statement on Monday, the SACP — which is in alliance with the ruling African National Congress — said it had "a number of concerns about these planned retrenchments".

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/ 4 December 2006

Drug pirates leave death in their wake

No one will ever know how many Chinese men — and women — were sexually satisfied after taking the American Number One, Male Exclusive, Great Big Brother pills sold by Xi Yongli. When the product was raised in court recently, it was not its potency that was on trial. Rather, it was the legality of using a drug better known as Viagra.

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/ 4 December 2006

Montenegro in muddle over official language

The world’s newest country, Montenegro, is threatened by a possible constitutional crisis because its leaders can’t agree on the name of the language they speak, reports said on Monday. The government, which led Montenegro to independence earlier this year, wants to make the official language Montenegrin — but a large majority of the tiny Balkan state’s people believe they speak Serbian.

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/ 4 December 2006

Zimbabwe’s arrears to IMF shoot up again

Zimbabwe has accumulated arrears of more than $127-million on its obligations to the International Monetary Fund (IMF) and the issue is likely to dominate discussions when an IMF team visits Harare this week. Zimbabwe’s failure to service its foreign debt forced the IMF to suspend Harare’s voting rights in the fund in 2003.

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/ 4 December 2006

Governor Grinch’s Xmas gift?

Reserve Bank Governor Tito Mboweni’s Christmas present to South Africans will be money that costs more. Mboweni and the bank’s monetary policy committee meet on December 6 and 7 to decide on interest rates. Analysts say an interest rate hike of at least 50 basis points is a done deal, but retailers are gearing up for a record-breaking festive season.

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/ 4 December 2006

Is the Holcim deal that wholesome?

Being called a "hard-nosed sceptic" is one of the greatest compliments you can receive as a journalist or economic commentator. To be described thus by the president of the country is a rare honour — and I am not engaging in the searing sarcasm the president has visited on those he deems out of line.

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/ 4 December 2006

Fest article ‘in bad taste’

<i>On April 20 we published an article on the Klein Karoo Arts Festival by the self-styled cultural provocateur Zebulon Dread. The article contained a number of swear words and unfavourable references to Afrikaners. We felt publication was justified in view of the ribald, satirical and ironic treatment of its subject matter, which, we considered, evinced a paradoxical empathy with Afrikaners. Some Afrikaans speakers enjoyed the article, but others felt deeply offended by it. They felt it ridiculed and belittled them on ethnic, cultural and/or racial grounds, and they considered that it was in extremely bad taste. This was not our intention. We value all our readers, whatever their origins, beliefs and views. And we apologise to those of our readers to whom the article caused such offence. – Editor</i>

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/ 3 December 2006

Rocky’s back and fighting for Jesus

It seems like a title guaranteed to make an audience groan: Rocky VI. It’s star is old, the franchise is worn out and the idea of a 60-year-old boxer is ridiculous. But Sylvester Stallone and the creators of the final addition to the Rocky stable have gone all out to market the movie, not to sports fans, but to Christians. Rocky, it turns out, is a metaphor for Jesus.

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/ 1 December 2006

An augur of spaces

<i>Memorandum</i>, subtitled <i>A Story with Paintings</i>, is a poignant reflection on hospitalisation, alienation and death. Its text is by Marlene van Niekerk and paintings by Adriaan van Zyl, who died in September. This is an extract.

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/ 1 December 2006

Corpcapital report: Another Erwin bolt?

Taxpayers are to foot a massive bill for the government-mandated inquiry into Corpcapital after inspectors exonerated the company on every major charge levelled against it by former director Nic Frangos. That is because the Companies Act has no provision to compel people who bring spurious complaints to the minister of trade and industry to pay for any investigation he may order.

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/ 1 December 2006

Nedbank wins Bank of the Year

Nedbank Group has been named as the Bank of the Year in South Africa for 2006 at the annual awards of <i>The Banker</i> magazine announced in London on Thursday night. <i>The Banker</i> award acknowledges "the major turnaround of the Nedbank Group in the past two years, reflected in significantly improved earnings and financial ratios and substantial shareholder value being rebuilt".

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/ 1 December 2006

Standard Chartered scoops banking awards

Standard Chartered Bank has won an unprecedented total of 10 awards at the Banker Awards 2006 — including the top award for Global Bank of the Year and Best Regional Bank in Africa. The Global Bank of the Year award recognises the bank’s performance in its regions of Asia, Africa and the Middle East, as well the bank’s "prudent acquisition strategy".

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/ 1 December 2006

DA’s three-horse race

The leadership contest in the Democratic Alliance (DA) is shaping up as a three-horse race between Cape Town mayor Helen Zille, party strategist Ryan Coetzee and Eastern Cape leader Athol Trollip. None has yet made a definitive announcement about running, but each has significant backing among party heavyweights.

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/ 1 December 2006

State loses bid to block M&G’s Selebi report

An eleventh-hour attempt by National Director of Public Prosecutions Vusi Pikoli to gag the <i>Mail & Guardian</i> was dismissed, with costs, on Thursday night. Pikoli sought an urgent interdict in the Johannesburg High Court to prevent publication of the articles "I told Selebi about Agliotti" and "Selebi’s Sandton shopping sprees".

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/ 1 December 2006

I’ll see your five cows and raise you a T-bone

Ms Baleka Mbete, Speaker of this august House, wishes it made clear that she will no longer tolerate puns, double entendres, or any facetious allusion whatsoever to the Gautrain and her alleged interests in it. She refers here specifically to a point of order raised by a certain short fat white counter-revolutionary in the House yesterday.

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/ 30 November 2006

Ethiopia authorises action against Somali Islamists

Ethiopia’s Parliament on Thursday authorised "any legal action" against "the clear and present danger" posed by powerful Islamists in neighbouring Somalia, ratcheting up fears for war. Lawmakers voted in favour of a resolution that called the Islamists, now on the brink of war with the weak Ethiopian-backed Somali government, a "clear and present danger".