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 report 'artificially' creates solvency issue: Ethiopia Bondholders

A committee of Ethiopia's bondholders said the International Monetary Fund's (IMF) latest report on the country contained flaws that "artificially" outline a solvency issue, a scenario that would require lenders to grant debt relief.

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“SA open to nuclear project bids from Russia or Iran”

South Africa (SA) could turn to Russia or Iran to expand its civilian nuclear power capacity, a senior government minister said, a stance analysts say could deepen a rift with the United States (US) and further delay the renewal of a strategic energy

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Xi holds rare meet with business leaders amid US tech rivalry

President Xi Jinping held a rare, highly choreographed meeting on Monday with some of the biggest names in China's technology sector, including Alibaba Founder Jack Ma, in what analysts saw as a show of support to rally private companies.

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‘IMF report contains significant flaws’

Investors holding Ethiopia's defaulted bond said the latest International Monetary Fund (IMF) report contains "significant flaws" that "artificially" creates a solvency issue that would require them to give the East African nation debt relief.

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Rand stable as markets await budget speech

South Africa's (SA) Rand was little changed early on Monday as investors await Finance Minister Enoch Godongwana's budget speech later this week, which will provide insights into Africa's most industrialised economy.

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Eni signs deal to bring Cypriot offshore gas to Europe, via Egypt

Italian energy group Eni signed an agreement this Monday to export Cyprus' offshore gas via Egypt, hailing it as a "milestone" towards the creation of a gas hub in the eastern Mediterranean.

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Libya's first private oil firm grows in eastern commander's shadows

A Libyan company linked to the powerful faction that controls eastern Libya has exported oil worth at least $600 million since May, marking an end to the National Oil Corporation's monopoly on exports, according to shipping records and UN experts.

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Oil prices steady as market eyes Russia-Ukraine peace deal

Oil prices were little changed on Monday as investors eyed developments on a potential Russia-Ukraine peace deal that could ease sanctions disrupting global supply flows.

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SA opposition party raises concerns over tender to Nigerian-linked company

South Africa’s (SA) opposition party ActionSA has expressed deep concerns over what it describes as a recurring pattern that prioritises the interests of foreign nationals over South Africans.  

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Libya's first private oil firm grows in eastern commander's shadows

A Libyan company linked to the powerful faction that controls eastern Libya has exported oil worth at least $600 million since May, marking an end to the National Oil Corporation's monopoly on exports,according to shipping records and United Nations.

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