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/ 12 November 2005
The corruption scandal at Volkswagen (VW) this year robbed Europe’s largest carmaker of at least â,¬5-million in illegal kickbacks and theft, an independent report by auditors KPMG disclosed on Friday. The report brought closer criminal charges against Peter Hartz, the former personnel director.
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/ 11 November 2005
Growing signs indicate that local government elections are being planned for the week before the March 6 constitutional deadline. No date has been given, and there has been speculation that failure to resolve the demarcation lines for cross-border municipalities could delay voting. But chief government spokesperson Joel Netshitenzhe insisted this week that the deadline would be met.
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/ 11 November 2005
Perhaps it was because the eulogies and brief reminiscences revolved around a splendid author that they seemed so waxy. Of course, with no time for considered statements, and no mandate to do anything justice, the media that published the respectful demi-paragraphs like so many plastic rosaries worn to display its righteousness could hardly be expected to make more of a fuss.
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/ 11 November 2005
<a href="http://www.mg.co.za/specialreport.aspx?area=zuma_report"><img src="http://www.mg.co.za/ContentImages/243078/zuma.jpg" align=left border=0></a>Jacob Zuma’s lawyers are preparing an application to set aside charges laid against their client, based on arguments that he will be denied a fair trial. Zuma’s attorney, Michael Hulley, confirmed that such an application was being prepared and would be launched some time before Zuma’s corruption trial next year.
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/ 11 November 2005
The three big black economic empowerment deals announced this week suggest South Africa’s empowerment process is in a transitional phase. Some interesting new models are being tested. But this does not change the fact that deeply disturbing trends are being entrenched. The upside is clearest in the case of De Beers, which announced what looks like the most thorough staff empowerment scheme yet.
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/ 11 November 2005
The De Beers empowerment deal announced this week appears to be on shaky blue ground, and heavily dependent on solid dividend flows and rand depreciation. This week, the world’s largest diamond miner unveiled a R3,8billion deal in which the Ponahalo consortium will acquire 26% of De Beers Consolidated Mines, the South African arm of the group.
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/ 11 November 2005
Like many other citizens, I wait anxiously for the latest news on the condition of the South African Constitution, which was admitted to intensive care yesterday afternoon. According to a statement issued by the head of the Critical Political Afflictions Centre in Midrand, the Constitution is in deep coma and has been on life-support since admission to the centre.
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/ 11 November 2005
<i>Insig</i> magazine out of New Media Publishing has won the Rossi Trophy for the best consumer title in the country. The announcement was made at last night’s Sappi Pica Awards, hosted by <i>Sunday Times</i> columnist Barry Ronge. <i>Finweek</i>, entered under its former name <i>Finance Week</i>, was a virtual runner up in the category with a "highly commended" mention.
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/ 11 November 2005
It was another momentous week for South Africa’s waBenzi, as three major black empowerment deals were announced in the diamond, hotels and casinos and aerospace sectors. But the deals by De Beers, Sun International and Aerosud, two of them worth R4,2-billion, have poured fuel on the smouldering Âcontroversy around black economic empowerment (BEE).
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/ 11 November 2005
You have to hand it to Microsoft. No, really, you do. When it leaps into the fray, it does so in a big, bold way. Last week the software giant stepped to the plate to announce some new initiatives designed to put it back in the running at a time when all the good things on the web can be summed up in just a few words — Google, Skype, eBay, Amazon, blog and Yahoo!.
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/ 11 November 2005
This week, the Zimbabwe government said that it would not reverse plans to seize the giant Mkwasine sugar estates that are owned by South Africa’s Anglo-American Corporation. Willard Chiwewe, the governor of Masvingo province, in which the estate is located, said the firm should not expect any favours from Harare.
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/ 11 November 2005
"It is a struggle for the reconciliation of public and private that this book charts," JM Coetzee wrote of Nadine Gordimer’s essay collection <i>The Essential Gesture</i> in a 1989 review. "This book has attempted to chart that as well," says Ronald Suresh Roberts on the penultimate page of <i>No Cold Kitchen</i>, his unauthorised account of the Nobel Laureate’s life and work.
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/ 11 November 2005
The African Union is determined to take the issue of Security Council reform down to the wire at this session of the United Nations General Assembly. Observers differ on whether this is stubborn or shrewd. About a month from now, Africa will know exactly what support it has for its aspiration to occupy two permanent seats, with veto rights, and five rotating seats on a reformed Security Council.
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/ 10 November 2005
An escaped ostrich attacked a car and took Cypriot police on a wild-bird chase after escaping from a farm outside the Mediterranean island’s capital of Nicosia, a report said on Wednesday. Police were alerted to the bird’s bid for freedom after it jumped on a woman’s Mercedes.
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/ 10 November 2005
Absa says it is the first major bank in South Africa to offer investment products specifically designed to comply with Islamic sharia law. It said the achievement helps it to realise its strategic intent to provide banking and investment products to meet the needs of its diverse client base.
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/ 10 November 2005
SABMiller plc, the world’s second-largest brewer by volume, has reported a 9% rise in its adjusted earnings per share for the six months to the end of September 2005, to 340,5 United States cents from a restated 311,1 US cents a year earlier, the company said on Thursday. SABMiller declared an interim dividend of 13 US cents.
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/ 10 November 2005
Nine million young people in Nigeria are to be sent text messages on Wednesday to raise awareness about HIV/Aids.
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/ 10 November 2005
Global pulp and paper producer Sappi on Thursday reported a net loss per share of 94 United States cents for the year ended September 30 after earnings of 42 cents a year ago. Headline earnings per share amounted to seven US cents per share after headline earnings per share of 43 cents a year ago.
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/ 10 November 2005
Pregnant women with malaria produce increased quantities of a chemical called TNF-alpha in their placenta, which nourishes the foetus as it develops, say scientists in Cameroon. This chemical boosts HIV replication and might explain why more children are born with HIV after the rainy season there.
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/ 9 November 2005
For the woman who wants to stay both warm and environmentally conscious this winter — and isn’t bothered by extra bulk under her shirt — a lingerie maker on Wednesday unveiled a thick bra that can be heated in a microwave. Triumph International modelled the bra in Japan.
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/ 9 November 2005
The United States and other nations have frozen more than $150-million of "terrorist assets" in the global anti-terrorism fight, a senior US official said on Wednesday. "Key financiers have been detained, over $150-million of terrorist assets have been frozen and millions more blocked in transit or seized at borders," said US State Department counterrorism co-ordinator Henry Crumpton.
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/ 9 November 2005
South African transport utility Spoornet and chemical and synthetic fuels group Sasol on Wednesday announced a collaboration initiative called Project Mamba. The groups said the collaboration combines the knowledge, expertise and commitment of Spoornet and Sasol to redesign the supply chain and increase capacity.
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/ 9 November 2005
Steel maker Mittal Steel South Africa on Wednesday reported a 37% decline in headline earnings per share (HEPS) for the September quarter to 221 cents from 353 cents in the September 2004 quarter. Compared with the June quarter, when HEPS amounted to 369 cents, the September quarter reflected a 40% decline.
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/ 9 November 2005
Maria Ramos, group chief executive of transport parastatal Transnet has scooped another prestigious award — this time, the highly coveted business leader of the year for 2005. The award, given by the <i>Sunday Times</i>, is based on votes by the chief executive officers of 100 top JSE-listed companies.
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/ 9 November 2005
Every year, more than a half-a-billion people suffer agonising pains and fevers because of malaria, a disease that is entirely preventable and curable. In Africa, someone — normally a child — dies every 30 seconds from this disease, causing unimaginable grief, human suffering and economic stagnation.
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/ 8 November 2005
Sixty-four percent of South Africans have had unprotected sex without knowing their partner’s sexual history, according to the Durex Global Sex Survey. "When compared to last year’s results, this statistic is higher, which means that South Africans continue to take risks and put their lives in danger," said a statement.
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/ 8 November 2005
President Hamid Karzai officially opened the most luxurious hotel in destitute Afghanistan on Tuesday, with the five-star Kabul Serena touted as a means to lure investors and dollar-spending tourists. The $36,5-million hotel, opposite the heavily fortified presidential palace, is an almost-total overhaul of the once-famous Kabul Hotel that was badly damaged in the 1992-1996 civil war.
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/ 8 November 2005
Four Norwegians entered a movie theatre early on Friday and emerged on Monday, 38 movies, 70 hours and 33 minutes later, with a new world record in "movie-guzzling", Norwegian public radio NRK reported. The four pale and exhausted movie enthusiasts beat the previous known film-watching record of 70 hours and nine minutes.
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/ 8 November 2005
Centuries ago, great kingdoms adorned the hills and plains of the Vhembe valley, representing a unique civilisation of socio-political organisation, production and trade. Their prowess and ingenuity are only now starting to be afforded the recognition they deserve. But much of their essence remains a mystery that still needs to be explored.
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/ 7 November 2005
Leisure, casino and hospitality group Sun International, which announced a R604-million broad-based black economic empowerment (BEE) deal on Monday, is no stranger to BEE. In fact, the group was doing it long before it become either fashionable or practically obligatory.
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/ 7 November 2005
A suicide bomber tried on Monday to kill the governor of a volatile southern Afghan province by detonating an explosives-filled vehicle as he was going to work. A man claiming to be a spokesperson for the Taliban movement ousted in 2001 claimed responsibility for the attack on behalf of the hardliners, who are waging an insurgency.
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/ 7 November 2005
The timber of invasive alien trees cleared off watersheds and river systems around the country is to be used to make "eco-friendly" coffins, the Working for Water Programme said on Monday. Project leader Shaun Cozette said the solid-wood coffins will sell for between R450 and R500 each.