Economy

Rand gains, March CPI drops

South Africa's annual consumer price inflation (CPI) rate for March has come in at 3.8%, Statistics South Africa announced on Wednesday, 0.2% lower than in February.

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SA minister in bilateral meeting with UK counterpart

Minister of International Relations and Co-operation, Lindiwe Sisulu, on Tuesday held a bilateral meeting with her counterpart, United Kingdom Foreign Minister, Boris Johnson, in London.

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SA economy to expand by 1.5% in 2018: IMF

The International Monetary Fund (IMF) says South Africa's economy will expand by 1.5% in 2018, up from the 0.9% growth forecast in January this year.

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SA President hopes for good relations with Britain

South African President, Cyril Ramaphosa, has held talks with British leader, Theresa May, at 10 Downing Street.

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Ghana inflation to fall to single digits in 2018: President

Ghana aims to bring inflation down to single digits in 2018 at around 8.9%, President Nana Akufo-Addo said on Tuesday.

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Eskom investigating cases of misconduct by officials

South Africa's power utility, Eskom, is investigating 239 cases of misconduct by officials, the Committee on Public Enterprises heard on Wednesday.

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Nissan, Ford, FCA lead European car sales decline

European car registrations fell 5.2% in March, led by Nissan (7201.T), Ford (F.N) and Fiat Chrysler (FCHA.MI), according to data published on Wednesday by auto industry association, ACEA.

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India-South Africa business summit launched

The High Commissioner of India in South Africa, Ruchira Kamboj, on Tuesday launched a business summit to be held by the two countries at the end of April in a bid to foster bilateral economic co-operation.

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SA Auditor-General terminates KPMG, Nkonki Inc contracts

South Africa's Auditor-General, Kimi Makwetu, has announced his office’s decision to terminate, with immediate effect, the auditing contracts with KPMG and Nkonki Inc.

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Nigeria seeks explanation of helicopter purchases

Nigeria’s upper chamber of parliament on Tuesday said it would invite the central bank governor and the ministers of finance and defence to explain the release of $162 million to buy helicopters, it said on its Twitter feed.

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