Posts

Mayor's Private Sector Conference

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https://www.youtube.com/watch?v=sYjwT8ErH3U

South Africa must priorities decarbonization, as $1.5bn of exports to EU are at risk

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South Africa should priorities its decarbonization strategy, as it has a carbon intensity much higher than most countries, and $1.5-billion of exports to the European Union (EU) are at risk in the short term. That figure is likely to increase…
Africa News

'We want a bigger share': Botswana, De Beers row over diamond profits

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Botswana's President Mokgweetsi Masisi warned Sunday that his country could sever ties with South African diamond giant De Beers if talks to renegotiate a sales agreement prove unfavorable for his country. The 2011 sales agreement governing…
CNBC Africa

Top 5 economies in Sub-Saharan Africa to watch out for in 2023, according to IMF

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Just when Africa’s economy appeared to be recovering from the COVID-19 pandemic, a range of internal and external shocks struck such as adverse weather conditions, and the Russian invasion of Ukraine – all of which worsened already rapidly…

South Africa's President Cyril Ramaphosa cancels Davos trip

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South African President Cyril Ramaphosa has scrapped plans to attend the World Economic Forum (WEF) in Davos because of the energy crisis affecting the country, his spokesman said on Sunday. South Africa is experiencing record blackouts due…

South Africa's Manufacturing Grew 2.9 Percent in September- Statistics South Africa

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Manufacturing production increased in South Africa by 2.9% year-on-year in September, after rising by a revised 1.7 per cent in August. with the largest positive contributions made by the motor vehicles, parts and accessories and other transport…
Africa News

South Africa Public Sector Workers Strike Over Wage Demands

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Thousands of public servants began a one-day strike in South Africa on Thursday over wage demands, professional organizations said. The work stoppage is being led by one of South Africa's largest public service unions, the Public Servants…
CNBC Africa

South African Rand Weakens as Dollar Firms Amid Economic Uncertainty

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South Africa’s rand fell on Monday (Oct 24), following other emerging market currencies, as the U.S. dollar held firm amid global economic uncertainty. At 1538 GMT, the rand ZAR=D3 traded at 18.4275 against the dollar, 1.75% weaker…

South Africa: Inflation slightly curbed by lower fuel prices

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  South Africa's inflation rate, which hit a record high of 7.8 percent in July, edged down to 7.6 percent in August from a year earlier. This was fueled by a drop-in fuel prices, the country's statistics agency (StatsSA) said Wednesday. Against…