Economy

Mr Price suspends senior managers, supplier on non-compliance claims

Retailer Mr Price has suspended two members of senior management and a single supplier on allegations of non-compliance with the code of conduct, but clarified that the move did not relate to “any financial reporting irregularities”.

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Solid US retail sales ease economic growth concerns

U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.

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All set for Zambia's Southern Province Tourism, Investment Expo

All is set for Zambia's Southern Province Tourism and Investment Expo, that opens in the tourist town of Livingstone next week.

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Apple’s iPhone is losing its lustre despite latest launch

If there was a doubt that the Apple iPhone has lost its appeal, the newly-launched iPhone 11 has confirmed these doubts.

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Huawei to sponsor Namibia's annual ICT summit

Chinese company, Huawei, on Thursday announced a sponsorship of 110 00 Namibian dollars ($7 500) for the hosting of the forthcoming Namibian Information and Communication Technology (ICT) annual summit.

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SA mining prospects subdued inspike of sales picking up

South Africa's mining prospects remain subdued despite July 2019 production and sales surprising the market yesterday on robust output from the coal and iron ore sectors.

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Zimbabwe hikes lending rate to 70% to tackle inflation

Zimbabwe's central bank said on Friday it had raised its overnight borrowing rate from 50% to 70% after a surge in inflation and a steep fall in the domestic currency.

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Millions of South Africans caught in debt trap

Africa’s unsecured lending boom has left 40% of borrowers in default and millions of people in a debt trap, according to Fund Manager Differential Capital.

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Footgear gets go-ahead to buy Edcon's footwear brands

Footgear, the South African retailer of branded and non-branded footwear, on Thursday received the green light to purchase the assets and business associated with Edcon Limited’s Edgars Active and High Key brands.

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Aspen Pharmacare reduces debt, sees share price leaping

Aspen Pharmacare's share price leapt 12% on Thursday as the market digested the Johannesburg Stock Exchange-listed drugmaker’s results for the year to June, released after the market closed on Wednesday.

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