Economy

30 YEARS OF SA DEMOCRACY

Date: Apr 26, 2024

Reflections on the 30 years of freedom and democracy in South Africa.

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IMF slashes Botswana's 2024 growth forecast amid diamond market woes

The International Monetary Fund (IMF) has slashed Botswana’s 2024 growth forecast to 1% from an earlier April estimate of 3.6% due mainly to lower diamond production, it said in a statement.

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Unilever to cut a third of office jobs in Europe

Unilever opens new tab plans to cut a third of all office roles in Europe by the end of 2025 as a part of a push by the Chief Executive Officer (CEO) to revive growth at the struggling consumer goods giant.

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Cold weather sees SA province farmers losing crops

Some farmers in South Africa’s(SA) Limpopo province have suffered severe financial losses caused by the black frost following low temperatures this week.

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SA Treasury to table budget vote

South Africa’s National Treasury has issued a statement that the Minister of Finance, Enoch Godongwana, will table the National Treasury’s Budget Vote in Parliament this week.

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Nigeria reaches oil supply deal, ending dispute with producers

Nigeria's oil regulator has struck a deal with producers to allow sales of crude to domestic refiners at market prices, ending a supply dispute that had strained relations with international oil companies.

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SA consumers urged to be more health-conscious

The Healthy Living Alliance (HEALA) is calling on South African consumers to become more health-conscious in their everyday lives, as big food producers are under scrutiny for potentially misleading consumers about the healthiness of their products.

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Rand extends climb on soft US inflation data

The South African (SA) Rand extended its gains in early trade this Friday, as a surprisingly soft United States (US) inflation data spurred bets the Federal Reserve will cut interest rates in September.

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Mozambique Minister praises commercial relations with Botswana

Mozambique Minister of Mineral Resources and Energy Carlos Zacarias praised commercial relations between Mozambique and Botswana.

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SA bank releases alarming stats on retirement planning

Fifty percent of South Africans(SA) do not have the means to provide for their retirement.

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Pick n Pay prices rights issue at 32.48% discount

South Africa's (SA) Pick n Pay will issue 252.2 million new shares at R15.86 per share in a rights offer to raise R4 billion ($221 million), it said this Thursday as the country's third biggest grocery group looks to reduce its debt.

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