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/ 13 October 2006

Goniwe hides in Parliament

Top parliamentary officials are ignoring their own policy guidelines to protect African National Congress chief whip Mbulelo Goniwe from court action aimed at getting him to pay maintenance for two children he fathered. The Sheriff of Cape Town has repeatedly requested permission from the legislature to serve Goniwe with a summons to appear in the Bedford maintenance court.

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/ 13 October 2006

Unclassified

Let us not ask what the government, or to be more precise Deputy Home Affairs Minister Malusi Gigaba, really wanted the Films and Publications Amendment Bill to achieve when he approved it for tabling in Parliament. Let us stick instead to the more readily discernible facts: what they said they wanted it to achieve, and the mechanisms the Bill proposes.

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/ 10 October 2006

Bungling SA cop shoots himself in hostage bid

An attempted hostage-taking by a South African police officer backfired on Monday when he shot himself in the leg inside his boss’s office at a station near Cape Town. The incident happened when the 24-year-old constable held up his station commander and two other senior officers while he was on duty, police spokesperson Captain Elliot Sinyangana said.

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/ 10 October 2006

Australian gains law degree at 91

An Australian scholar in his 90s successfully capped off his law degree this week, winning a race against time he feared he might not live to finish. Having compressed the demanding course of legal study from six years into just four-and-a-half due to his advanced years, Allan Stewart graduated to a standing ovation on Saturday.

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/ 10 October 2006

Intense interest in IPO of China’s largest bank

The $20-billion initial public offer (IPO) of Industrial and Commercial Bank of China, the mainland’s largest lender, drew intense interest on the its opening day, reports said on Tuesday. The IPO — expected to be the largest to date — attracted a wave of international orders of up to $56-billion, according to reports in Hong Kong’s English-language press.

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/ 10 October 2006

Budget for freedom

<i>M&G Money</i> takes a look at how to put together a financial plan, with the help of Sanlam Financial Advisers and Tumi, a character who represents the financial reality as well as hopes and dreams of many of our readers.

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/ 10 October 2006

Understand your investment

A <i>Mail & Guardian</i> reader’s endowment policy recently matured. He was horrified to discover that after investing monthly for five years, he virtually got back what he had invested. This is not an uncommon complaint and is specifically true of policies and investments sold in the late Nineties and early 2000s when the stock markets took a bath.

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/ 9 October 2006

Lesotho diamond sells for more than $12m

The 603-carat Lesotho Promise diamond, the 15th largest rough diamond ever discovered, has been sold in Antwerp for $12,36-million, according to Gem Diamonds, owners of Letseng Mine in Lesotho where the diamond was recently discovered. "This has been a fantastic day for the Letseng Diamond Mine and for the people of Lesotho," said Lesotho’s Minister of Natural Resources, Dr Khaketla.

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/ 9 October 2006

Report damns heavy Mittal

Mittal Steel came under fire this week for creating a "state within a state" in impoverished Liberia, according to a newly released report by human rights group Global Witness. In a report entitled Heavy Mittal? Global Witness said the steel company’s $900-million deal to exploit iron-ore reserves should be substantially renegotiated.

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/ 9 October 2006

N1 + exclusive lane = mayhem

The traffic department, in its wisdom, has decided to solve the problem of congestion on the N1 corridor between the crucial Gauteng centres of Johannesburg and Tshwane (still known to most people as Pretoria) by turning the former speed freak outside lane into an exclusive lane for vehicles with more than one passenger.

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/ 6 October 2006

Not all animals are created equal

A dog starved at his master’s gate, wrote Blake, predicts the ruin of the state. He was right, of course, but today culturally sanctioned brutality against dogs is usually just weekend overflow, the lads having a Saturday morning out together after five days of culturally sanctioned brutality against women.

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/ 5 October 2006

Claims fraud down by almost R76m

The value of fraudulent claims submitted to the life insurance industry during the first half of this year dropped by almost 76-million rand compared with the first half of last year, from R175,2-million rand to R99,5-million. Lerato Mametse, communications manager at the Life Offices Association, says the reduction in claims fraud from January to June this year was a welcome respite.

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/ 5 October 2006

High on the hog

Any South African who uses national highways or main roads in our cities will sooner or later run into a government convoy. Depending on the rank of the politician being taxied, the convoy can stretch from two to eight cars. At the last count, President Thabo Mbeki had eight. Jacob Zuma may be out of government, but he has almost as many.

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/ 3 October 2006

Australia’s iconic ‘Tree of Knowledge’ poisoned

Australia’s heritage-listed "Tree of Knowledge", a 200-year-old ghost gum known as the birthplace of the centre-left Labour Party, has died after being poisoned, a party official said on Tuesday. The tree, which stands opposite a hotel in the centre of the small town of Barcaldine in the north-eastern state of Queensland, was the meeting place for sheep shearers during a landmark strike in 1891.

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/ 3 October 2006

First Ladies 2006

<i>The Media</i> magazine celebrates Women’s Day in August by hosting the MTN Women in The Media awards. This year, we salute six formidable women in the industry. Our board, after sifting through almost 50 nominations, chose a winner from four finalists, a rising star under the age of 30, and a lifetime achiever.<

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/ 2 October 2006

Israel’s Lebanon offensive visible from space

Israel’s recent bombardment of Lebanon was clearly visible with "the naked eye" from space, a Russian cosmonaut based at the time on the international space station said on Monday. "Of course it was visible. You know, all negative human activities, in particular military operations, are immediately visible from space," said cosmonaut Pavel Vinogradov, during a press conference.

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/ 2 October 2006

AngloGold announces empowerment transaction

South African gold miner AngloGold Ashanti on Monday revealed details of its empowerment transaction with the National Union of Mineworkers, Solidarity, union Usas and Izingwe Holdings. The three unions and the company have agreed upon the architecture of an employee share ownership plan (Esop), to be called the Bokamoso Esop, or "harvesting for the future".

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/ 2 October 2006

Rebels want Mbeki booted from talks

The faltering peace process in the Côte d’Ivoire represents a crucial test for the African Union (AU), an analyst said recently after Ivorian rebels rejected South African President Thabo Mbeki, the AU-appointed mediator, as biased. "The Côte d’Ivoire, Somalia and Darfur are the three crucial tests of the new AU," says Richard Cornwall, senior African analyst at the Institute for Security Studies.