Economy
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Economy
Nigeria reaches oil supply deal, ending dispute with producers
Date:Jul 11, 2024
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.
Rand gains, focus on US inflation data
Date:Jul 11, 2024
The South African (SA) Rand was stronger in early trading this Thursday, as investors focused on key US inflation data for hints on the future interest rate path of the world's biggest economy.
Infrastructure crime a threat to power supply: Eskom
Date:Jul 11, 2024
Criminals are continuing to target South Africa’s (SA) Eskom’s infrastructure, threatening the power utility’s efforts to keep the lights on in the country.
Ghana consumer inflation slows to 22.8% year-on-year in June
Date:Jul 10, 2024
Ghana's consumer inflation , opens new tab slowed for a third consecutive month to 22.8% year-on-year in June from 23.1% in May, the statistics service said today.
China leads global adoption of generative AI: Survey
Date:Jul 9, 2024
China is leading the world in adopting generative artificial intelligence (AI), a new survey shows.
Pick n Pay prices rights issue at 32.48% discount
Date:Jul 11, 2024
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.
Sibanye-Stillwater hit by cyber attack
Date:Jul 11, 2024
South Africa’s Mining group Sibanye-Stillwater has fallen victim to a cyber attack impacting its IT systems worldwide.
Lower growth forecast for Zimbabwe as drought ravages crop yields
Date:Jul 10, 2024
Zimbabwe has revised its economic growth forecast downwards as Southern Africa's worst drought in decades ravages crop yields, its Finance Minister told Reuters today, but a bounce back in growth is likely in 2025.
“Most SA transformers overloaded”
Date:Jul 10, 2024
South Africa's Power Utility, Eskom, says most transformers are overloaded because some customers do not indicate when they have backyard dwellers, as this results in an increase in their energy consumption.
Amazon sidesteps carbon offset standard Bezos helped fund
Date:Jul 1, 2024
Amazon has become the first company to sidestep a global standard for verifying carbon offsets that were developed by a non-profit funded largely by the United States technology conglomerate's founder and Executive Chair, Jeff Bezos.
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