Oil prices fell after industry data showed US crude inventories unexpectedly rose last week
As the power of the West wanes world trade will increasingly happen in currencies other than dollars and euros
But Numsa’s Irvin Jim is adamant the sector can absorb the union’s demand for a 20% wage hike, way above the 6.5% headline inflation rate
MEC for economic development, tourism and environmental affairs Ravi Pillay resigned as a member of the KZN legislature and as a member of the executive committee
Final approvals are still needed for the potential stake of 10% in the emerging gas producer, which has faced delays at its Virginia Gas Project
Pressure builds on government to step in after citrus and wool exports have been hit by phytosanitary restrictions
That would allow President Ranil Wickremesinghe time to institute tough economic reforms to secure a bailout from the IMF
Failure to win on Saturday would put coach Ian Foster and captain under pressure in terms of their future with the team
Chris and Suzaan Alheit have been making some of the Cape’s finest whites for the past ten years, the latest vintage being no exception
Net1 UEPS, the Johannesburg- and Nasdaq-listed owner of the company embroiled in the government’s social welfare payment system scandal, has reported that its interim net profit declined by a third.
Net1’s interim net profit for the six months to end-December fell to $29.7m from $44.5m in the matching period, its results released on Friday morning showed.
Its interim revenue declined by 2% to $301m.
The results were released a day after the South African Social Security Agency (Sassa) filed a request to the Constitutional Court asking for a six-month extension of its contract with Net1’s subsidiary, Cash Paymasters Services (CPS).
This marked the third year that Sassa has failed to comply with the Constitutional Court’s order to award the contract to a new supplier.
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