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/ 4 September 2003
A telecommunications investment of more than one billion rand could be placed in jeopardy if the second national operator was not up and running by the end of the year, says Eskom Enterprises CEO Enos Banda.
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/ 4 September 2003
South Africa’s Financial Services Board (FSB), the watchdog of the financial services industry, currently has six criminal cases of insider trading in the pipeline and its first two criminal convictions are on the horizon, according to CEO Jeff van Rooyen.
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/ 4 September 2003
South African Finance Minister Trevor Manuel has appealed to economists not to overreact to the expected announcement on Thursday that Treasury director general Maria Ramos is set to move to Transnet.
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/ 4 September 2003
The Absa-backed fund Equity Africa has launched a campaign to raise its capital base to R200-million, to further invest in broad-based operational empowerment businesses.
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/ 4 September 2003
British arms company BAE Systems says South Africa will be a major beneficiary of an Indian decision to buy 66 of its Hawk fighter-trainer aircraft.
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/ 3 September 2003
Media group Naspers (NPN) said on Wednesday that the group was presently trading better than anticipated and should this continue, its results for the six months to the end of September were expected to be substantially higher than those for the corresponding period last year.
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/ 3 September 2003
Counsel for Deputy President Jacob Zuma told the Pretoria High Court on Wednesday that Zuma’s side of the story should be told as well. Zuma’s counsel brought an application before the court on Wednesday in an effort to get a copy of an encrypted French fax that pertains to the alleged arms-deal bribe.
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/ 3 September 2003
The United Nations Relief and Recovery Unit in Zimbabwe has been forced to close its provincial field offices, which coordinate and monitor the use of donor-funded humanitarian aid. The government stated that not all procedures for the establishment of the field presence had been properly followed.
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/ 3 September 2003
South African media company Moneyweb on Wednesday said its headline earnings for the six-month period ending September 30, would be more than 30% higher than the previous comparative period.
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/ 3 September 2003
At least 23 people were killed and 109 injured after powerful Typhoon Dujuan struck southern China. Sixteen were migrant workers killed when buildings collapsed on a construction site.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=19894">Earthquake jolts northwest China</a>
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/ 3 September 2003
The National Directorate of Public Prosecutions asked the Pretoria High Court on Wednesday to postpone the hearing of an urgent application by Deputy President Jacob Zuma to get access to a letter allegedly implicating him in trying to solicit a bribe.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=19931">Mbeki must speak on Zuma, says UDM</a>
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/ 2 September 2003
South Africa’s Minister of Minerals and Energy Phumzile Mlambo-Ngcuka on Tuesday announced that her department had increased the funding allocated annually to assist in developing the small-scale mining sector from R5,1-million to R15-million for the 2003/04 budget year.
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/ 2 September 2003
Information technology group Mustek boosted headline earnings per share by 33% for the year to the end of June — a period that saw the South African group successfully list 20 million shares as Taiwanese Depositary Receipts on the Taiwan Securities Exchange, raising about R100-million.
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/ 2 September 2003
New York is a city of contradictions, says John Matshikiza, sizing up its morale and sense of comraderie. The shock of September 11 2001 will never completely go away, but New Yorkers have determinedly gone back to being New Yorkers — proud inhabitants of a city that is like no other in the world.
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/ 2 September 2003
An initiative that strengthens the legal system to better safeguard children’s rights was launched on Monday by the Mozambican government, supported by the United Nations Children’s Fund. More than one million children aged under 14 in the country are subjected to exploitative labour.
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/ 2 September 2003
Employees are willing to help combat crime, and can be recruited as allies in the war against fraud and corruption — as long as the correct approach and attitude is maintained by management.
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/ 2 September 2003
How <i>Lord of the Rings</i> ends, <i>FHM</i> photo lies and chatting to Adolf Hitler online, Ian Fraser is on a mission to reveal the truth. Or as it is according to the Internet anyway.
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/ 2 September 2003
Transnet’s announcement last week that it plans to spend R80-billion on infrastructure over the next 15 years coincided with the release of its best financial results to date — raising the question of whether the state utility is now ripe for privatisation.
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/ 1 September 2003
The Freedom of Expression Institute is taking Johannesburg Water to court in a bid to gain access to information about a plan to install pre-paid water meters in Soweto and Johannesburg. It requires users to buy coupons or vouchers to put in meters, which then allow them the requisite amount of water.
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/ 1 September 2003
The <i>Mail & Guardian Online</i> has broken through the key 200 000 reader mark, surpassing previous readership records achieved during the Iraq war. The readership of the web publication has almost doubled in the space of one year.
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/ 1 September 2003
South African motor retailer McCarthy Limited on Monday reported a rise in fully diluted headline earnings per share of 5,7c for the year ended June 30 from 3,4c a year ago. No dividend was declared.
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/ 1 September 2003
South African Finance Minister Trevor Manuel has painted a positive picture of the South African economy amid growing imbalances in many developed economies, saying he is confident the inflation target will be met.
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/ 1 September 2003
At 83 years old Emmanuel Kouang is the oldest person in Ebome. Sitting in a dusty armchair in his wooden house next to the dirt road he recalls how, as a teenage boy, he sat on the beach and watched in disbelief as a dark figure seemed to walk out over the water and sink beneath the waves of the Atlantic.
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/ 1 September 2003
Somebody once said: "Poor Mexico, so far from God, so close to the United States." But few can dispute the fact that Mexico’s unique relationship with the US is the primary reason for its stable economic performance in recent years. In the first of a two-part series we examine Mexico’s free-growth strategy.
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/ 1 September 2003
Events in Cote d’Ivoire last week illustrated the fragility of the three-month peace in that country. Drunken Ivoirean rebels killed two French peacekeepers in an exchange of fire 300km north of Abidjan last Tuesday.
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/ 1 September 2003
In 1982, a group of private investors opened the Palm beach Hotel, a sprawling tourism complex by the Atlantic ocean in Benin, a small country on the coast of West Africa.
Where in the world would a deputy president have been subjected to a public investigation without any pressure being exerted by his supporters? One only has to look at the shenanigans of Blair’s Labour party to realise that we are about as good as it gets in the real world of accountable democracy.
Two-and-a-half years ago a humble paragraph in the <i>Mail & Guardian</i> set in motion a train of events that led the Scorpions to focus on Jacob Zuma’s role in the arms deal. That was the genesis of an investigation that has culminated in the deputy president fighting for his political life.
South Africa’s monetary policy has earned some praise from one of the few central bankers around who has had to grapple with monetary policy in the world of both developed and emerging market economies.
Despite promising on Monday that he would announce a plan of action before the end of the week, Deputy President Jacob Zuma seems to be nowhere nearer doing that.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=19759">Zuma for sale</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?o=27924">It all started here</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?o=27923">ANC share claim not the first</a>
Despite a few familiar Farah ‘tropes’, such familiar story material is manoeuvred freshly and adeptly here, indeed as if he had never attempted to squeeze the juice from it before. Stephen Gray dips into Nuruddin Farah’s latest work <i>Links</i>.
South African Minister of Labour Membathisi Mdladlana has appointed former trade unionist and business leader Herbert Mkhize as the new executive director of the National Economic Development and Labour Council (Nedlac).