Economy

SA loses top spot in African financial markets index

South Africa has fallen in the Absa Africa Financial Markets Index for 2018 and no longer tops the index across all six pillars as it did in 2017.

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SA mining disasters under the spotlight at summit

Representatives of the mining industry as well as unions, business and the health and safety sector are attending the 2018 Mine Occupational Health and Safety summit in Benoni, east of Johannesburg, South Africa.

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Egypt cuts fees for ships arriving at East Port Said

Egypt will reduce the tariffs on container ships and ferries coming from foreign ports to East Port Said for a period of one year, the Suez Canal Authority said in a statement on Thursday.

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Investec asset management buys stake in SA school firm

Investec Asset Management, a subsidiary of Investec, has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses.

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Mauritius bourse looks to entice African issuers with new index

The Stock Exchange of Mauritius (SEM) will launch a new index next month dedicated to African firms to attract more issuers from the continent, its chief executive said.

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Investec asset management buys stake in South African school firm

Investec Asset Management, a subsidiary of Investec, has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses.

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Global stocks fall on worries about Saudi Arabia, Italy

Global stocks mostly fell Thursday on a panoply of worries as varied as higher US interest rates, the diplomatic fallout from the disappearance of a Saudi journalist and rising unease about the eurozone due to Italy’s controversial budget plans.

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Creditor seeks to wind up Kenya's Uchumi Supermarkets over debt

A Kenyan company is seeking the dissolution of retailer Uchumi Supermarkets over a 44.8 million Shilling ($444,000) debt, according to court documents seen by Reuters on Thursday.

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Rwanda hosts first tantalum-tracking blockchain

Rwanda’s mining boss announced on Tuesday the world’s first blockchain project to track tantalum from the pit-face to the refinery, part of a push to woo investors seeking a conflict-free source of minerals.

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UK's May open to the idea of extending Brexit transition

Britain’s Prime Minister, Theresa May, is open to the idea of extending the transition period “for a few months”, BBC Political Editor, Laura Kuenssberg, said on Twitter.

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