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/ 26 February 2004

Appreciating alliances

There is something significant in the run-up to the election that will likely have far-reaching consequences for the country. Unfortunately, it is obscured by the intensity of political party campaigns. Contemporary alliances between some political parties raise the possibility of a positive shift in South African politics. Sadly, society and political parties are really not appreciative of what is afoot.

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/ 26 February 2004

The wall must fall

At first glance, Israel’s planned 700km wall and fence on its Eastern flank seems defensible, as it will undoubtedly reduce suicide bombings on Israeli territory. Under closer scrutiny, it emerges as a gross injustice that is justifiably condemned in much of the world, and even by some Israelis.

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/ 25 February 2004

Telkom has been ‘tried and prosecuted’

Telkom has complained that media reports gave the impression the company had been tried and found guilty of breaking the Competition Act. Telkom was responding to the Competition Commission’s decision on Tuesday to refer complaints brought against Telkom to the Competition Tribunal for determination.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=31731">Telkom faces fine of billions</a>

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/ 25 February 2004

Aftershocks rattle devastated Morocco

More than 20 aftershocks rattled northwestern Morocco through the night and into Wednesday morning in the wake of the killer earthquake on Tuesday that claimed more than 560 lives in the region of Al Hoceima. One of the aftershocks measured 4,2 on the Richter scale, after the primary quake that registered 6,3.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=31755">Flouting of building law blamed</a>

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/ 25 February 2004

Telkom faces fine of billions

South African telecommunications company Telkom is facing a fine of billions of rands for anti-competitive practices. The Competition Commission found on Tuesday that Telkom had "abused its dominant position by engaging in a pattern of anti-competitive practices", said commissioner Menzi Simelane.

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/ 25 February 2004

It’s written in the stars

How Stephen Hawking spent Valentines Day, the true origins of humanity, odd blobs on Mars and George Dubya’s little known cocaine habits — Ian Fraser brings you the world in one web browser. Take a look what you missed in mainstream newspapers this week.

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/ 24 February 2004

Johncom takes over Sowetan, Sunday World

South African media and communications group Johncom has concluded an agreement with media group New Africa Investments (Nail) in terms of which Johncom will acquire Nail’s shares in New Africa Publications, owner of the <i>Sowetan</i> and 50% of <i>Sunday World</i>. Johncom already owns the other 50% of <i>Sunday World</i>.

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/ 24 February 2004

Metrorail CEO thrown off track

The suspension of Metrorail CEO Honey Mateya and two senior executives last week has capped a simmering feud between Mateya and trade unions at the parastatal. Unions applaud Transnet CEO Maria Ramos’s decision to investigate parastatal’s senior executives who ‘lack vision’.

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/ 24 February 2004

Decline of the middle class

Everyone now accepts that poverty — whether actual destitution or state-aided, underclass misery — is a growing global phenomenon. Less well known is the fact that, globally, the middle class is struggling and declining. Margaret Legum comments on the uprush of how resources from poor to rich is weakening ‘society’s stable backbone’.

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/ 23 February 2004

Change is in the air at Nedcor

Nedcor’s chairperson, former finance minister Chris Liebenberg, is to retire at the company’s annual general meeting in May after more than 50 years’ service, the company said on Monday. Nedcor’s headline earnings for the year to December 31 2003 declined from R2,5-billion in 2002 to R55-million.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=31633">Old Mutual: Nedcor stake not for sale</a>

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/ 23 February 2004

BEE ownership of Bidvest now around 35%

Black economic empowerment (BEE) ownership of South African services giant Bidvest has increased to approximately 35%, the group said on Monday. Black empowerment consortium Dinatla Investment Holdings acquired 15% of Bidvest in November last year and BEE ownership of Bidvest has now increased to approximately 35%, Bidvest Chairman Brian Joffe said on Monday.

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/ 23 February 2004

SA budgets for Africa

South African will continue to invest heavily in building political stability in Africa and in the reconstruction and development of the continent in the coming year.
The 2004 Budget significantly increases the government’s commitment to the New Partnership for Africa’s Development (Nepad) and the African Union.

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/ 21 February 2004

Shave your head for cancer

Over 60 000 South Africans may have their heads shaved or colour-sprayed in 24 hours in April — when the Cancer Association of South Africa (Cansa) tries to raise funds for cancer awareness and research. Cansa spokesperson Michael Fagan said on Friday the Cansa Shavathon would be the high point of a campaign intended to raise R8-million to fight the disease.

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/ 20 February 2004

Dlamini-Zuma shows us the way

I must confess to having experienced a feeling of great personal relief when reading recent statements by our lovable Minister of Foreign Affairs, Dr Nkosazana-Sarafina-Virodene-Dlamini-Zuma. Like lots of other embittered neo-colonialists, I have come at last to realise that all the fuss and grief over Zimbabwe is little more than a white-owned, media-generated conspiracy to make an altruistic savant like President Robert Mugabe look like a deranged tosspot.

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/ 20 February 2004

Smuts to ring up a fortune

The R1-billion joint venture between Econet Wireless and IT giant Altech finalised last month is likely to go down as one of the year’s biggest deals — and a surprise beneficiary stands poised to take a handsome stake. It has emerged that African National Congress spokesperson Smuts Ngonyama is part of a consortium in negotiations to buy between 15% and 20% of the newly formed telecoms giant.

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/ 20 February 2004

Shades of ‘Che’

Under his immaculate suit Minister of Finance Trevor Manuel was most probably wearing a Che Guevara T-shirt when he presented the Budget to Parliament this week. While Manuel has clearly not gone back to the Guevara-like economics once espoused by the African National Congress, in the past three to four years his stance has shifted toward a recognition that the state must play a bigger role in the economy in developing countries.

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/ 20 February 2004

Redistribution plan aids Anthrax spread

Three people have died and close to 200 have been infected by an outbreak of anthrax in Zimbabwe, according to the <i>Science In Africa</i> news website. The outbreaks have been linked to the uncontrolled movement of cattle by new settlers benefiting from the government’s controversial land redistribution programme.

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/ 19 February 2004

Mbeki’s word on Zim is ‘meaningless’

President Thabo Mbeki’s assurances to the world that a resolution to the economic crisis and political impasse in Zimbabwe is imminent are meaningless, the Democratic Alliance said on Thursday. Media reports earlier on Thursday quoted Zimbabwe state radio as saying Mugabe had no plans to retire from political life.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?ao=31473">Mugabe: ‘I’ll never be defeated'</a>

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/ 19 February 2004

Cashing in on Ring of Fire

Advertising writers in Florida were planning to pitch haemorrhoid-relief products with a commercial featuring Johnny Cash’s classic song <i>Ring of Fire</i>, but his family says there’s no way they’ll let it happen. "We would never allow the song to be demeaned like that," said Cash’s daughter, singer Rosanne Cash.

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/ 19 February 2004

Mugabe: ‘I’ll never be defeated’

President Robert Mugabe will call parliamentary elections in March next year, three months earlier than required under electoral law, state radio reported on Thursday. He did not specify a date for the five-yearly polls, which must be held before the end of June 2005.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=31479">Top Zim businesswoman nabbed</a>

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/ 19 February 2004

Good news for new homeowners, savers

The 2004 Budget is good news for aspiring homeowners, savers and pensioners, says Michael Jordaan, CEO of Customer Solutions at First National Bank. "The abolition of stamp duty on property registration will see a reduction in costs to new owners and may well result increased switching of home loans between banks," he says.

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/ 19 February 2004

Teabags, telescopes and TV spin

Listen to an MP3 recording of a a banned radio show discussing the possibility of the White House’s involvement in 911, take the 100 Acre Personality Test to see which Pooh character you would be, sign a petition to save the Hubble telescope and check out a teabag pyramid. Ian Fraser brings you the weird and the wonderful on the web.

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/ 19 February 2004

In place of ideology

Our cover image this week should, of course, be taken with a pinch of salt. Minister of Finance Trevor Manuel is very far from being the fiery revolutionary of yesteryear. He is a minister in a largely responsible government who has swapped beard, jeans and struggle T-shirt for a suit and tie.

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/ 19 February 2004

A positive victory

With the third democratic election looming, campaigns are gaining momentum as parties position themselves to attract voters. An election presupposes choice — the right of citizens to choose their leaders. However, in South Africa, the result is a foregone conclusion: the African National Congress is going to win the election. The question is by what percentage?