Economy

Clicks SA interim turnover up 10%

South Africa's pharmacy, health and beauty retailer, Clicks Group, on Thursday reported a 10% increase in turnover in the six months to February 2018.

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Pick n Pay SA to boost its earnings

South African retailer Pick n Pay said on Thursday its headline earnings per share increased by 7.1% to 276.98 cents in the 52 weeks ended February 25, 2018, compared with the same period in 2017.

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US, Japan agree to intensify trade talks

United States President, Donald Trump, and Japanese Prime Minister, Shinzo Abe, said on Wednesday they had agreed to intensify trade consultations between the two longtime allies, with an aim to expand investment and trade between their countries.

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SA's clean energy target "questionable"

Government’s plan to achieve 30% clean energy by 2025 is questionable, given that the Department of Energy only allocates 5% of its budget to clean and renewable energy sources, Parliament's oversight committee on energy has said.

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Egypt's Pioneers Holding to increase capital: CEO

Egypt’s Pioneers Holding Company for Financial Investments SAE, aims to increase its capital by 30% or 1.08 billion Egyptian Pounds ($61.23 million), Chief Executive Officer, Walid Zaki, said on Wednesday.

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BHP to increase copper production

Anglo-Australian multinational mining, metals and petroleum company BHP Billiton said on Thursday it expected to increase its copper equivalent production by 6% in the 2018 financial year.

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Zimbabwe working on investment law to woo investors

Zimbabwe is working on a new investment law to open up the economy to foreign investors.

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SA mining sector sees new wave of optimism

The election of President Cyril Ramaphosa and his appointment of Gwede Mantashe as new Mineral Resources Minister has brought a wave of optimism to the South African mining industry, according to Warren Beech.

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Kenya's Nation Media Group 2017 pretax profit, revenues fall

Kenya’s Nation Media Group said on Wednesday its full-year 2017 pretax profit fell 21% to 1.95 billion Shillings ($19.45 million), with overall revenue also dropping.

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Angola requests non-financial assistance from IMF

Angola’s finance ministry said it had requested non-financial assistance from the International Monetary Fund to help it implement economic reforms, as Africa’s second-largest crude producer continues to suffer from a lower oil price.

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