Economy

European stocks rally on US shutdown deal

European shares rose to new highs on Tuesday after United States senators struck a deal to end a three-day government shutdown.

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Sasol expects H1 earnings to rise up to 6%

South African petrochemicals group Sasol expects half-year profit to lift as much as 6% on the back of higher crude oil prices, the firm said on Tuesday

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Snow-bound Davos warms to business-friendly climate

After a gala opening set against spectacular snowfall, the World Economic Forum starts in earnest on Tuesday basking in robust global growth, but facing warnings that the world’s have-nots are missing out more than ever.

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Ramaphosa arrives in Davos for 2018 WEF

Deputy President of South Africa, Cyril Ramaphosa has arrived in Davos, Switzerland, to lead a South African delegation to the 2018 World Economic Forum Annual meeting scheduled from 23-26 January 2018.

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SA Minister holds WEF briefing

South Africa's Finance Minister, Malusi Gigaba, is currently holding a briefing on the World Economic Forum (WEF).

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SA unions calls for former Eskom boss to be criminally charged

The South African Federation of Trade Unions (Saftu) on Tuesday called for former Eskom chief financial officer Anoj Singh to be criminally charged for corruption and impropriety.

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Tokyo's Nikkei index closes at 26 year high

Tokyo's benchmark Nikkei index closed at a 26 year high on Tuesday after Wall Street powered to another set of records following a deal to end the United States government shutdown.

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Eskom hopes to gain trust from SA banks

Eskom hopes with sweeping changes announced at the power utility, it will be able to gain trust from local banks to re-open lending facilities.

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WhatsApp business App to launch in SA

The world’s biggest instant messaging app with over a billion users, WhatsApp, is expected to soon roll out its business app for Android to South Africa.

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US tax reforms send UBS profits plunging

Swiss banking giant, UBS, reported Monday that its profits plummeted 63% in 2017 due to United States tax reforms that hit fourth-quarter earnings.

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