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Gotion to begin building Morocco gigafactory 'within days'
Date:May 21, 2025
Gotion Power Morocco, a subsidiary of Sino-European electric vehicle battery maker Gotion High Tech, will begin building its gigafactory in the north African country "within days," the company's Morrocan head Khalid Qalam said this Wednesday.
Angola holds key rate for sixth straight meeting
Date:May 21, 2025
Angola's central bank kept its main interest rate unchanged for the sixth meeting in a row this Wednesday, citing global economic uncertainty despite a slowdown in domestic inflation.
Ghana's central bank to assess interest rate impact on inflation
Date:May 21, 2025
Ghana's central bank will assess whether its current monetary policy stance is enough to continue driving consumer inflation lower, Governor Johnson Asiama said this Wednesday.
SA confronts mounting debt in budget speech 3.0
Date:May 21, 2025
South Africa’s (SA) Finance Minister, Enoch Godongwana, used his Budget Speech on Wednesday to confront the country's growing public debt.
EU plans 2-Euro fee for low-value parcels in setback for Shein, Temu
Date:May 21, 2025
The European Union (EU) is set to propose a 2 Euro ($2.27) handling fee for low-value e-commerce packages coming into the bloc.
SA wants $100 a barrel oil before selling more crude stocks
Date:May 21, 2025
South Africa (SA) will wait for global oil prices to rise to around $100 a barrel before selling more of its strategic crude reserves, a senior energy official told Reuters.
SA increases fuel levy for first time in three years
Date:May 21, 2025
South Africa's (SA) Finance Minister Enoch Godongwana has proposed a revised National Budget that abandons the Value-Added Tax hike and introduces new tax proposals generating R18 billion in additional revenue in 2025/26, and $1.06 billion in 2026/27
SA Treasury flags $17.33 billion in wasteful spending since 2013
Date:May 21, 2025
South Africa’s (SA) National Treasury, alongside provincial counterparts, has identified more than R312 billion ($17.33 billion) in wasteful spending tied to underperforming government programmes over the past decade.
SA cuts growth forecast as economic pressures mount
Date:May 21, 2025
South Africa’s (SA) National Treasury has scaled back its economic growth forecast for 2025, lowering expectations from 1.9% to 1.4%, as the country continues to face a series of domestic and global economic pressures.
Canal+ set to gain conditional approval for MultiChoice takeover
Date:May 21, 2025
South Africa's (SA) Competition Commission recommended France's Canal+ takeover of pay television broadcaster MultiChoice Group be approved with conditions, clearing a major hurdle on Wednesday.
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