Economy

AI powered WhatsApp bots transform customer engagement across SA

With consumers increasingly tuning out marketing spam, companies relying on traditional outreach methods such as call centres, email campaigns and bulk SMS are finding it harder to hold people’s attention.

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Rand weaker before Q1 current account data

The South African (SA) Rand was weaker in early trade on Thursday, ahead of local first-quarter current account data.

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UAE firm IRH buys majority stake in DRC tin miner Alphamin

United Arab Emirates (UAE)-based International Resources Holding has agreed to buy a controlling stake in major tin producer Alphamin Resources for $367 million, it said, as the firm expands its presence in African mining.

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IMF welcomes Senegal's self-reliance plan, no impact on misreporting case

The International Monetary Fund (IMF) said this Wednesday it views Senegal's plan to enhance tax compliance and cut reliance on external financing as a positive step, but it will have no bearing on the handling of a misreporting case.

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SARB’s fight against inflation yielding positive results: Governor

Governor Lesetja Kganyago says the South African Reserve Bank’s (SARB) fight against inflation is starting to yield positive outcomes, bringing about relief for consumers facing economic pressures.

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Oil slips on US stockpile build, Saudi Arabia price cuts

Oil edged lower on Thursday after a build in United States (US) gasoline and diesel inventories and cuts to Saudi Arabia's July prices for Asian crude buyers, with global economic uncertainty weighing on prices as well.

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Illegal gold mining surges in Ghana as foreign interests, weak oversight fuel crisis  

Ghana’s small-scale gold mining sector is growing rapidly, much of it outside the bounds of legal oversight.

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Concerns over SA’s impending gas supply challenge

Members of Parliament’s  (MP) Electricity and Energy Portfolio Committee, as well as stakeholders in this industry, have expressed concern about South Africa’s (SA) impending gas supply challenge which could take place in the middle of 2028.

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Egypt's net foreign assets retreat in April after March jump

Egypt's net foreign assets (NFAs) fell by $1.5 billion in April, central bank data showed on Wednesday, retreating from March, when the approval of the fourth review of the country's IMF programme sparked a jump

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SA needs faster growth to secure rating upgrade: S&P

South Africa (SA) needs faster economic growth and credible fiscal consolidation to secure its first credit rating upgrade in two decades, a Senior S&P Global Ratings official said on Wednesday.

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