Godongwana signals state wage offer at limit
'When we made the offer, which the trade unions are considering, the CPI was at 4.5%, but it has since dropped,' Enoch Godongwana told lawmakers in Cape Town on Wednesday.
View ArticleSouth Africa’s outlook upgrade makes Eskom bonds less risky
Eskom said the upgrade underscored the progress made in restoring Eskom’s financial health and operational reliability, Dan Marokane, group chief executive, said in a statement.
View ArticleBitcoin gets boost as crypto supporters vie to head US regulators
Bitcoin rose the most in more than two weeks on Wednesday, hitting $97 361 at one point, before easing to $96 400 early in Asia on Thursday.
View ArticleOil little changed in thin trading ahead of key OPEC+ meeting
Brent for January settlement slipped 0.2% to $72.69 a barrel at 12:32 p.m. in Singapore.
View ArticleVivendi says a small investor is seeking to delay vote on split
Vivendi shareholders are due to vote December 9 on whether to separately list its pay-TV arm Canal+, advertising agency Havas and publisher Louis Hachette Group.
View ArticleHeineken plans gulf’s first large-scale brewery in Dubai
The brewery in Dubai will produce brands including Heineken, Kingfisher, Amstel and Birra Moretti in Dubai and the company plans to expand its workforce to 190 full time employees from 60 currently.
View ArticleMicrosoft faces broad antitrust investigation from US FTC
The FTC’s scrutiny of Microsoft’s cloud computing business gained steam after a string of cybersecurity incidents that involved the company’s products.
View ArticleHackers steal $17m from Ugandan central bank, Vision says
The attack on the Bank of Uganda was carried out by a group known as 'Waste' based in Southeast Asia, the Kampala-based New Vision reported.
View ArticleUnrest blocks Mozambique’s South African border for a second day
Renewed demonstrations after last month’s elections have led to road closures in Mozambique’s capital, as well as repeated disruptions at the Ressano Garcia border crossing
View ArticleZambian inflation surges as power tariffs increased by 115%
Consumer prices rose 16.5%, compared with 15.7% in October, acting Statistician-General Sheila Mudenda told reporters Thursday in Lusaka, the capital.
View ArticleAustralia’s social media ban for under 16s to become law
Multiple opinion polls have shown the vast majority of Australian voters are supportive of the new laws in principle, with a YouGov survey released on Tuesday finding 77% were in favour of the ban.
View ArticleZimbabwe sees growth surging as farming rebounds after drought
Gross domestic product is expected to expand 6% in 2025, up from 2% this year, Finance Minister Mthuli Ncube said.
View ArticleGlencore makes deal with Pele Green for R2.1bn solar plant
Nedbank Group and Absa Group will provide debt, while Pele will contribute equity, Pele’s Managing Director Gqi Raoleka said.
View ArticleUganda confirms central bank hacking, refutes $17m claim
'It is true that our account was hacked, but not to the extent of what is being reported,' Minister of State for Finance Henry Musasizi told lawmakers.
View ArticleJohannesburg weighs tighter water restrictions as supply falters
The city of Johannesburg currently has level 1 restrictions in place, which prohibit consumers from irrigating their gardens and using municipal water to clean paved areas at their residences between 6...
View ArticleSouth African stocks’ rally hinges on beating earnings estimates
The main index is up over 7% in dollar terms since a business-friendly unity government was installed in early July, easily outpacing the 0.8% drop for emerging-market peers.
View ArticleCrypto’s $1trn rally has yet to reprise pandemic-era mania
'From a retail perspective, interest is clearly growing as trading in Bitcoin has picked up significantly,' said Josh Gilbert.
View ArticleGold extends gains on weaker dollar and rising risks in Ukraine
Spot gold rose 0.9% to $2 662.52 an ounce as of 10:24 a.m. in London.
View ArticleTop copper miner Chile gets back to pre-pandemic output levels
As the biggest supplier of the wiring metal recovers from project setbacks.
View ArticleCrypto’s ‘middle child’ ethereum flounders as rivals gain ground
Critics point to a growing reliance on so-called Layer-2 blockchains, built on top of Ethereum to improve otherwise clunky and costly transactions.
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