Strong dollar, weak UK consumer sentiment and German producer prices, which saw their highest ever increases in July, weigh on European stocks
The UK’s monetary policy committee is hardly on top of the situation when inflation is running at more than five times its 2% target
The finance minister says the allegations are ‘fashioned to achieve narrow and selfish political ends’
The US has the highest number of monkeypox cases globally, accounting for almost a third of the world’s infections
Spending allocations to increase to R812bn for the next three years, says finance minister
Food Safety Agency tells retailers and food producers it will seize vegan products with names that it says are for meat
EVs charge their own batteries when renewable energy is ripe — typically midday — and then discharge some of that electricity when power demand is high and renewable generation is low
England captain leads fight back but Jansen and Maharaj put on 72 for seventh wicket to put SA in control
William Ruto wins Kenya’s election, the Marikana massacre commemorated, India celebrates 75 years of independence, protests in Cape Town, and more
SA’s economy grew much more than expected in the second quarter — by a seasonally adjusted and annualised 3.3% — after a 1.2% contraction in the first quarter.The economy expanded by 0.6% in the second quarter of 2016 compared with the second quarter of 2015, Statistics SA data showed on Tuesday.Markets had expected growth of 2.7% in the second quarter compared with the first.Manufacturing and mining and quarrying were the main contributors to gross domestic product (GDP) as measured by production in the second quarter, data showed.Manufacturing increased by 8.1% due to higher production in petroleum, chemical products, rubber and plastic products; and motor vehicles.Mining and quarrying grew by 11.8% largely as a result of higher production of platinum group metals.Only agriculture, forestry and fishing; and electricity, gas and water contracted in the second quarter. Agriculture has been in decline for six consecutive quarters mainly as the effects of a severe drought continue.Sta...
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