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/ 27 March 2006

‘The war is definitely behind us’

The Côte d’Ivoire electoral process is falling into place. The Independent Electoral Commission is in place and functioning. Antonio Moneteiro, the United Nations high representative for elections, left the country this week, his job done. The presidential candidates are starting to make themselves heard.

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/ 24 March 2006

Nearly 60% of liquor found in Chinese cities is fake

Nearly 60% of "foreign-brand" liquor found in four major Chinese cities is fake, according to a random check carried out by the State Administration for Industry and Commerce. The administration inspected 40 bottles, mostly cognac and whisky, in 19 retail outlets and found 23 with Hennessy, Remy Martin, Martell and certain Scotch whisky labels were fake.

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/ 23 March 2006

Sonia Gandhi resigns from Parliament

India’s ruling Congress party chief Sonia Gandhi resigned from Parliament on Thursday following opposition allegations that she had breached parliamentary regulations by holding other salaried posts. "I have done this because I think it is the right thing to do," she told reporters.

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/ 23 March 2006

Standard Bank embarks on joint venture

South Africa’s Standard Bank has entered into a non-binding memorandum of understanding with Credit Suisse to jointly develop a South African institutional agency stockbroker, to be named Credit Suisse Standard Securities. The joint venture will incorporate the current institutional agency stockbroking business of Standard Bank.

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/ 23 March 2006

Good dog. Bark!

Our watchdogs are waking up — the guardians of the public good across the private and public spheres are baring their teeth in favour of the citizen and the consumer. It has come not a moment too soon, as these offices are vital to ensuring transparency in public process and private transaction.

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/ 22 March 2006

Deutsche Bank scoops top ranking

Deutsche Bank’s research team has been ranked first across the Emerging Europe, Middle East and Africa (EMEA) region in the 2006 Institutional Investor (II) Emerging EMEA Research Team survey — up from second position in 2005. The annual II survey determines the best sell-side equity research coverage in the region.

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/ 22 March 2006

SABMiller completes acquisition of stake in Topvar

South African brewing giant SABMiller said on Wednesday that following receipt of approval from the Slovak Anti-Monopoly Office on Monday March 13 it had acquired 48,4% of the Slovakian brewer Topvar. The controlling shareholders will sell further shares to enable SABMiller to increase its interest to at least 67% by the end of September 2006.

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/ 21 March 2006

Troops head for cyclone-hit Australian coast

Troops headed for cyclone-devastated north-east Australia on Tuesday as Prime Minister John Howard pledged quick aid for those left homeless or without power by the country’s worst storm in decades. Cyclone Larry hit the Queensland coast as a highest-level category-five storm on Monday, destroying hundreds of homes.

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/ 20 March 2006

Comazar gets Ethiopia-Djibouti deal

South African-based Comazar, in which state-held Transnet owns 31,6%, has been selected to administer the 106-year-old railway line that runs from Addis Ababa to Djibouti, Chinese news agency Xinhua reported on Monday. Citing sources close to the Ethio-Djibouti Railway Company, the agency reported that Comazar will be authorised to operate the railway.

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/ 20 March 2006

A bit of a tsotsi situation

Hollywood, predictably, has dominated this month’s interest in world affairs. Hundreds of people might have been killed in Iraq and Afghanistan in the course of the continuing military occupation of those countries by the United States and Britain, contrary to the perception that colonialism and the Cold War were things of the past.

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/ 20 March 2006

Absa predicts downshift in economic growth

Short-term macroeconomic indicators thus far suggest that economic expansion is clearly moderating, according to Absa senior economist Ridle Markus. He says Absa’s expectation that overall economic growth could come in just above 4% year-on-year in 2006 is still intact, with no evidence suggesting substantially higher growth for the year.

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/ 20 March 2006

Didata praised by Botswana government

Dimension Data, a global IT solutions and services provider, has been praised by the Botswana government for its Citizen Empowerment Partnership initiative with Principal Investments, a group of local Botswana business persons who acquired a 49% equity stake in Dimension Data Botswana earlier this year.

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/ 20 March 2006

Alexander Forbes not subject of FSB probe

International financial- and risk-services group Alexander Forbes (AFB) denied reports on Monday that it was the subject of an investigation by the Financial Services Board (FSB) into the alleged skimming of pension fund surpluses. The group said that since 2000 the FSB has been conducting an investigation.

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/ 20 March 2006

Fishing for quotas: Authorities under fire

Allegations of incompetence, conflict of interest and inadequate consultation are being levelled at fisheries authorities as appeals against the allocation of R70-billion in long-term fishing rights flood in. Some 4 000 appeals are expected from 20 fisheries, from deep sea hake trawl to south coast rock lobster

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/ 19 March 2006

Malaysian makes hissstory with snake-kissing feat

A former Malaysian snake farm worker may have set a new world record after kissing a poisonous snake 51 times in three minutes, a report said on Sunday. Shahimi Abdul Hamid’s feat in kissing the 4,6m-long king cobra weighing 10kg 51 times in three minutes and one second was a record waiting to be verified, the <i>Sunday Star</i> newspaper said.

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/ 17 March 2006

No trace of poison in Milosevic’s blood

The United Nations war crimes tribunal on Friday fended off speculation that former Yugoslav president Slobodan Milosevic was poisoned in its custody, citing provisional tests which showed no signs of foul play. Toxicological tests found "no indication of poisoning" nor any presence in his blood of rifampicin.

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/ 17 March 2006

Nigeria confirms Liberia seeking Taylor extradition

Liberia’s President Ellen Johnson-Sirleaf has formally asked Nigeria to hand over her exiled predecessor Charles Taylor, a spokesperson for Nigeria’s President Olusegun Obasanjo said on Friday. Taylor, who has been accused of committing war crimes by international prosecutors in Sierra Leone, was given political asylum by Obasanjo in August 2003.