Economy

IMF probing cyber security incident, no top managers affected

The International Monetary Fund (IMF) said this Friday that it is investigating a cyber incident, which was detected on February 16, adding that the 11 email accounts involved had been re-secured.

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SA Rand firms as Dollar pares gains

South Africa's (SA) Rand firmed on Friday, after slumping the day before on a stronger United States (US) Dollar and mixed local data.

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Apple reaches $490m settlement over CEO's China sales comments

Apple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China.

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SA President reappoints Lesetja Kganyago as Reserve Bank Governor

South Africa's President Cyril Ramaphosa has confirmed the reappointment of Lesetja Kganyago as the Governor of the South African Reserve Bank (SARB) for another term spanning five years, commencing November 9 2024.

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Johannesburg set for key meeting on occupational lung disease claims compensation

In a significant development, Johannesburg, South Africa’s economic hub, will witness a crucial meeting this Friday between Dr. Joe Phaahla, South Africa's Health Minister, and the executives of the Minerals Council South Africa.

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SA Airways deal collapsed due to one man's ego

Kgathatso Tlhakudi, the Former Director-General of South Africa's Department of Public Enterprises, has attributed the irregularities leading to the collapse of the Takatso/South African Airways deal to the ego of one individual.

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Nationwide strike by Kenyan doctors demands improved medical coverage

Doctors across Kenya's public hospitals have commenced a nationwide strike.

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TikTok US revenue hits $16 bn as Washington threatens ban

China's ByteDance-owned TikTok posted revenue of about $16 billion last year in the United States, where the viral video app that has hooked Gen Z users is at the risk of being banned, the Financial Times reported on Friday.

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Paris Club cancels Somalia's $2bn debt

In a landmark decision, the Paris Club has announced the cancellation of 99% of Somalia's debt, amounting to $2 billion.

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Nigeria AI-backed phone has the answers even without internet

Visually-impaired Nigerian Kehinde Olutubosun is a geography and animal enthusiast who struggled to find information because he has no smartphone.

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