Economy

WTO states to keep talking after missing date to end fish subsidies

World Trade Organization (WTO) member states will miss their own year-end deadline to halt the fishing subsidies that are depleting global stocks, but are likely to extend their talks until June 2020, a WTO spokesperson said on Friday.

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SA President not panicking as SAA strike begins

South African President Cyril Ramaphosa has urged the national carrier South Africa Airways to resolve an industrial dispute with its workers that has led to the grounding of all its planes.

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SA hoofed animals banned from entering Mozambique

Hoofed animals from South Africa are now banned from entering Mozambique following a decision from the latter’s ministry of agriculture after an outbreak of foot-and-mouth disease in the animals, including, cattle, goats, sheep and pigs in Limpopo.

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Whites still earning three times more than blacks in SA

Whites in South Africa earned three times more than blacks on average, two decades after the demise of apartheid, Statistics South Africa said on Thursday.

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Rand extends gains overnight

The South African currency advanced despite the US-Sino trade impasse weighing on risk sentiment, and ongoing anti-government protests in Hong Kong according to NKC Research.

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United joins US peers in pulling 737 MAX until early March

United Airlines Holdings Inc said on Friday it is extending cancellations of Boeing737 MAX flights until March 4, joining U.S. peers who are also scheduling without the aircraft until early March as the jet awaits approval to fly again.

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Nigeria, Niger, Benin set up patrol team to tackle smuggling

Nigeria, Niger and Benin have agreed to set up a monitoring committee to tackle smuggling after months of border closure.

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Kenyan Internet Company expands to SA

A Kenyan technology company BRCK is working with South African business partners to expand its services and explore the country’s “mature digital market”, it said on Wednesday.

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Cracks showing as the local cement industry faces up to a ‘looming crisis’

The cement industry is no longer sustainable in its current form, according to PPC RSA Cement and Materials managing director Njombo Lekula.

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Moody's slashes SA's growth outlook to 1%

Ratings agency Moody’s yesterday slashed South Africa's economic growth outlook for 2020 from 1.5percent to 1percent, citing global factors that were weighing-in on emerging economies.

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