Economy
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Economy
SA's central bank rolls out deposit insurance scheme
Date:Apr 25, 2024
South Africa's central bank and government launched a deposit insurance fund on Thursday that will protect individual customer cash deposits up to 100 000 rand ($5,267) from any bank failure.
SA Minister stresses quality rather than size of economy
Date:Apr 25, 2024
Minister of Finance Enoch Godongwana says South Africa should focus on the quality of its economy and not simply its size.
DRC presses Apple over minerals supply chain
Date:Apr 25, 2024
Democratic Republic of Congo (DRC) is pushing Apple Inc for information about its supply chain over concerns it may be tainted with conflict minerals sourced from the country, international lawyers engaged by DRC said this Thursday.
UN aid delivery faces delays amid South Sudan tax dispute
Date:Apr 25, 2024
United Nations (UN) fuel tankers have been detained by South Sudanese authorities due to a contentious tax dispute.
Namibia's Kudu gas-to-power project faces further delays
Date:Apr 25, 2024
BW Energy has postponed the final investment decision (FID) on its long-delayed Kudu gas-to-power project in Namibia to 2025, two company sources said on Thursday.
Nigeria implements regional fuel standards
Date:Apr 25, 2024
Nigeria's oil regulator this Thursday clarified that recent changes to fuel sulphur content standards for diesel are part of a regional harmonisation effort, not a relaxation of regulations for local refineries.
Inflation in key African economies to slow into next year
Date:Apr 25, 2024
Inflation in key African economies will slow into next year but remain stubbornly high in Nigeria due to sporadic flooding and difficult terrain for the naira currency, a Reuters poll found.
Anglo American confirms conditional merger proposal from BHP
Date:Apr 25, 2024
The British Multinational mining company Anglo American has confirmed an unsolicited conditional merger proposal from the world's largest mining house the BHP Group.
SA businesses show signs of recovery: Stats SA
Date:Apr 25, 2024
Data released by Statistics South Africa (Stats SA) show businesses are indicating signs of recovery amid the country’s economic challenges.
BHP Group makes $38.8bn play for Anglo American, copper in focus
Date:Apr 25, 2024
BHP Group said it made an offer to buy London-listed miner Anglo American, valuing its share capital at $38.84 billion, a deal that would create the world's biggest copper miner with around 10% of global output.
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