Wednesday, 26 April 2017

Category: Markets

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China targets 6.5% economic growth in 2017

China targets 6.5% economic growth in 2017

China is aiming to expand its economy by around 6.5 percent in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on ...

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Peugeot-Citroen acquires Opel

Peugeot-Citroen acquires Opel

French carmaker PSA (Peugeot-Citroen) on Monday announced the acquisition of General Motors' European subsidiary, which includes the Opel and Vauxhall brands, for 1.3 billion euro ...

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MTN reports R3 billion loss

MTN reports R3 billion loss

MTN on Thursday reported a 110 percent decline in headline loss per share to 77 cents for the year ended December 31, down from headline earnings per share of 746 cents in the yea ...

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Isuzu acquires 57.7 percent stake in GM East Africa

Isuzu acquires 57.7 percent stake in GM East Africa

Japanese automaker Isuzu Motors Limited has bought out General Motors’ 57.7 per cent stake in General Motors East Africa (GMEA) for an undisclosed sum. The transaction will see th ...

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Africa’s poultry business on the rise

Africa’s poultry business on the rise

Dutch bank Rabobank says in a report that Africa is ready to take its place on the world stage, as the poultry industry is evolving, from a national and regional basis to a more g ...

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Nigeria’s economy shrinks by 1.5%

Nigeria’s economy shrinks by 1.5%

Figures just out show Nigeria’s economy shrank by 1.5% in 2016. Nigeria is grappling with its worst economic crisis in a generation. Last spring Africa’s largest economy officiall ...

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Nokia relaunches iconic 3310 mobile

Nokia relaunches iconic 3310 mobile

Finnish brand Nokia, a former mobile star, on Sunday launched three new Android smartphones and unveiled a revamped version of its iconic 3310 model more than a decade after it wa ...

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A summary of South Africa’s National Budget for 2017/18

A summary of South Africa’s National Budget for 2017/18

The budget introduced a new tax bracket for the very rich, with state debt creeping up and almost all economic indicators and fiscal numbers weaker than in last year's budget. The ...

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Anglo American reports double profit

Anglo American reports double profit

Anglo American reported profit more than doubled last year amid a recovery in commodities, leading the mining giant to say it no longer needs to sell assets to reduce debt. The re ...

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Shoprite to expand beyond Africa

Shoprite to expand beyond Africa

Shoprite Holdings will focus on expansion outside Africa after talks with Steinhoff International Holdings to create the continent’s biggest retailer fell apart. “To sustain our g ...

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