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Economy
30 YEARS OF SA DEMOCRACY
Reflections on the 30 years of freedom and democracy in South Africa.
SA Revenue Service to give Tax Filing Season Update
Date:Jul 16, 2024
South African Revenue Service (SARS) Commissioner, Edward Kieswetter, will this afternoon provide an update on the Tax Filing Season 2024 at a media briefing in Cape Town.
Zimbabwe's Kuvimba may sell 40% stake in a key gold mine to raise capital
Date:Jul 15, 2024
Zimbabwe's State-owned Kuvimba Mining House is broadening its search for equity partners and financiers for its gold and lithium mines in a bid to raise capital and expand mineral production.
African bank stress test flags systemic risks posed by nature loss
Date:Jul 15, 2024
A stress test of five of Africa's banking systems has found some lenders in the region could face collapse if nature loss slashes the profits of agriculture and forestry firms they have lent to.
Nigerian inflation climbs beyond 34% in June
Date:Jul 15, 2024
Nigeria's annual inflation rose to a new 28-year high of 34.19% in June, official data showed this Monday, as price pressures continued to build in Africa's most populous nation.
Rand slips as attack on Trump dents risk appetite
Date:Jul 15, 2024
The South African (SA) Rand weakened against the Dollar on this morning, as the assassination attempt on former United States (US) President Donald Trump dented appetite for riskier assets and spurred safe-haven demand.
Ivory Coast's main cocoa crop expected to start early: Farmers
Date:Jul 15, 2024
Ivory Coast's October-to-March main cocoa crop is expected to start early in most of the country's growing regions, helped by recent drier weather, farmers said this Monday.
SA nuclear power plant wins approval for 20-year life extension
Date:Jul 15, 2024
South Africa's Koeberg nuclear power plant will be allowed to run one of its two units for another 20 years, the country's nuclear regulator said this Monday after lengthy deliberations.
Traders face $1 billion loss on faltering Ghana cocoa supply
Date:Jul 15, 2024
Trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market, six industry sources told Reuters.
‘Nigeria's NNPC stake in Dangote refinery reduced over non-payment’
Date:Jul 15, 2024
Nigerian State-owned oil firm NNPC shareholding in Dangote refinery has been whittled down to 7.2% from 20% after failing to pay the balance of funding owed, Aliko Dangote, the refinery's owner told the BusinessDay newspaper.
Kenya to cut spending in revised budget
Date:Jul 15, 2024
Kenya's government plans to cut 2024-25 spending by 1.9% and widen the fiscal deficit to 3.6% of Gross Domestic Product (GDP) in a revised budget, the Treasury said, weeks after it was forced to roll back tax hikes due to mass protests.
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