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Economy
Spectre of debt defaults haunts Eat Africa
Date:Nov 30, 2020
East African countries face a higher risk of debt defaults as governments grapple with shrinking tax revenues, lower export earnings, as well as limited access to external resources.
‘African Free Trade could lead a Covid-19 recovery’
Date:Nov 30, 2020
Vice President of the African Development Bank (AfDB) Solomon Quaynor has said the implementation of the African Continental Free Trade Area (AfCFTA) could lead the recovery from the Covid-19 crisis.
SA retailers turn from China to source local clothes
Date:Nov 30, 2020
South African retailers including The Foschini Group and Woolworths Holdings are increasing investment in local clothing manufacturers, both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by Covid-19.
Field narrows for global miner Rio Tinto's top job
Date:Nov 30, 2020
Rio Tinto will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say.
OPEC+ yet to find compromise on oil policy for 2021: Sources
Date:Nov 30, 2020
OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Sunday and ahead of crucial meetings on Monday and Tuesday, four OPEC+ sources told Reuters.
SA Reserve Bank issues online payment warning
Date:Nov 30, 2020
The SA Reserve Bank (SARB) has issued a warning to consumers to be vigilant against suspicious instant electronic funds transfer (EFT) online payment services ahead of the festive season shopping spree.
Bidvest sees recovery matching up with 2019
Date:Nov 30, 2020
The Bidvest Group said it had seen a recovery in trading performance in the four months to the end of October, with revenue and trading profit broadly unchanged compared to the same period last year.
Credit Suisse commercial property fund to liquidate amid big discount
Date:Nov 30, 2020
A Credit Suisse Group global property fund will wind down against the backdrop of low trading volume and a discount of more than 20% to underlying assets due to market corrections triggered by the COVID-19 pandemic, the Swiss bank said.
Canada blocks bulk exports of some drugs
Date:Nov 30, 2020
Canada on Saturday blocked bulk exports of prescription drugs if they would create a shortage at home, in response to outgoing United States President, Donald Trump’s efforts to allow imports from Canada to lower some drug prices for Americans.
Huawei offers telecom equipment to Nigerian university
Date:Nov 30, 2020
Chinese telecom company, Huawei, has donated telecommunication equipment to the Ahmadu Bello University (ABU) in northwest Nigerian city of Zaria as part of a partnership to stimulate the learning of information and communication technology in the We
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