Thursday, 11 August 2022

Category: Markets

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SA-Botswana business round-table commence

SA-Botswana business round-table commence

South Africa’s president Cyril Ramaphosa arrived in Gaborone, Botswana on Thursday, where he was received by his Botswana counterpart at the Sir Seretse Khama International Airpor ...

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Old Mutual acquires Preference Capital – SA

Old Mutual acquires Preference Capital – SA

Old Mutual has joined a growing list of financial services groups planning to provide finance to the SMME market after it yesterday announced the R350 million acquisition of a min ...

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Business society hails Ramaphosa’s energy crisis strategy – South Africa

Business society hails Ramaphosa’s energy crisis strategy – South Africa

The wider business community in South Africa has welcomed President Cyril Ramaphosa’s plan to liberate the nation from load shedding imposed by the suffering power utility, Eskom. ...

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Zimbabwe sell one-ounce gold coins to fight high inflation

Zimbabwe sell one-ounce gold coins to fight high inflation

The government of President Emmerson Mnangagwa is fighting back inflation with a novel strategy: gold coins.   Starting Monday, Zimbabwe is selling one-ounce, 22-carat gold c ...

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Dubai billionaire to build Africa’s tallest building in Zimbabwe

Dubai billionaire to build Africa’s tallest building in Zimbabwe

Dubai-based billionaire businessman Nawab Shaji Ul Mulk is in Zimbabwe for the ground-breaking ceremony ahead of the construction of a state-of-the-art complex in Mt Hampden, a fe ...

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Power cuts limit manufacturing production in SA

Power cuts limit manufacturing production in SA

Manufacturing production in South Africa is expected to continue a downward spiral on the back of crippling power cuts despite falling less than expected in May.   Data from ...

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Petrol price goes up again

Petrol price goes up again

The Department of Mineral Resources and Energy today announced that the price of petrol for both 93 and 95 ULP and LRP will increase by R2.37 and R2.57 per litre from midnight tom ...

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Zimbabwe to introduce gold coins as local currency flops

Zimbabwe to introduce gold coins as local currency flops

Zimbabwe's central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency.   ...

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Rising prices pile more pressure on ordinary Zimbabweans

Rising prices pile more pressure on ordinary Zimbabweans

Since February, Zimbabwe's inflation rate has shot up from 66% to more than 130%, according to official statistics   Zimbabweans are finding it increasingly difficult to make ...

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Western countries to give South Africa $8.5 billion for energy transition

Western countries to give South Africa $8.5 billion for energy transition

In a joint statement issued by the South African government and the African Development Bank, it has been revealed that the countries of the United Kingdom, the United States, Fra ...

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