Economy

'Shoprite's clothing chain UNIQ plans more stores'

South Africa's biggest supermarket retailer Shoprite, opens new tab plans to add 20 more UNIQ clothing stores in 2024 and is also looking to source its basics clothing range at home, Executives told Reuters as they launched the 20th store.

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Zimbabwe's ZiG Currency launch sparks rush amid US dollar demand

The introduction of the Zimbabwe's new ZiG currency has created a scramble for new notes, while the black market continues to be driven by the demand of the United States (US) dollar.

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Egypt approves special free zone, touristic port

Egypt approved establishing a special free zone and international touristic port in the Ras al-Hikma peninsula, west of Alexandria, a cabinet statement said this Wednesday.

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Healthcare crisis deepens as Kenya doctors' strike continues

The ongoing strike by Kenyan medical professionals has reached a critical impasse, with the latest round of negotiations between the Kenya Medical Practitioners, Pharmacists and Dentists Union (KMPDU) and the government breaking down.

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'Musk decision to leave knife attack video on X prompts police terror warning'

An Australian senator said on Wednesday that police feared Elon Musk's decision to ignore a regulator order and leave footage on his social media platform X of a Sydney bishop being stabbed might encourage people to join terrorist groups.

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SA steel sector returns to bargaining table for 2024 wage talks

South African labour unions and employers in the steel sector are back at the Metal and Engineering Industries Bargaining Council for the second round of 2024 wage talks.

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Nigeria revokes 924 dormant mining titles, seeks new investors

Nigeria has revoked 924 dormant mining titles immediately and invites investors to freely apply for the affected licences which will be offered on a "first come, first served" basis, its minister of mines said this Wednesday.

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South Africans borrow to buy groceries: Study

Recent studies show that nearly half of South African (SA) adults are reportedly borrowing money to afford groceries.

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World Bank suspends Tanzania tourism fund over abuse allegations

The World Bank has suspended new disbursements from a $150 million fund to expand a national park in southern Tanzania, a Spokesperson said this Wednesday, after the lender received allegations of killings and evictions by rangers last year.

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SA residents protest closure of social grants cashpoints

A collective of social grant beneficiaries in South Africa (SA) is set to march to the office of Limpopo Province Premier, Stanley Mathabatha, in a plea for intervention over the recent closure of physical cash points this Wednesday.

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