Economy

Cola Cola removes adverts from SA schools

Global beverage company, Coca Cola, says it has removed half of its advertisements at South African schools as part of its responsible advertising commitments.

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Another employee arrested by Tanzania anti-corruption body

Acacia Mining said on Wednesday an employee and a former employee were detained by Tanzania’s anti-corruption authority, a week after the gold miner said another staffer had been released on bail after being charged with corruption.

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Zimbabwe to ‘cease’ maize imports

Zimbabwe is reportedly now "food secure", and is likely not going to import maize as farmers have delivered over 1 million tons to the Grain Marketing Board (GMB) after a "successful Command Agriculture Programme".

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Rand weaker, focus on Fed minutes and retail sales data

South Africa's Rand weakened in early trade on Wednesday as the Dollar strengthened against most major peers, with the market awaiting domestic retail sales figures and minutes from the United States Federal Reserve’s latest policy meeting.

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Oil prices edge up on surprise draw-down in US crude stockpiles

Oil prices extended gains into a fourth session on Wednesday, buoyed as industry data showed a surprise decline in US crude inventories and as geo-political tensions over the disappearance of a prominent Saudi journalist stoked supply worries.

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Workers strike over pay at SA arms maker Denel

Hundreds of South Africa’s Solidarity union members held a strike on Wednesday over a pay dispute at cash-strapped state-owned weapons manufacturer, Denel.

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Nigeria Senate probes state oil company over import subsidies

The Nigerian Senate launched a probe on Tuesday into spending by the State oil company of some $3.5 billion in import subsidies which was not approved by parliament, a statement said.

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Call for increase on cigarette tax

The National Council Against Smoking says it wants tax on cigarettes increased by 70% to reduce tobacco consumption and increase tax revenue.

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Recession, falling revenue hurt public finances: SA Treasury

Falling revenues and a recession mean South Africa will struggle to finance public services, the National Treasury said on Tuesday, as ratings agency Moody’s warned of the risks of rising government debt.

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British PM confronts EU leaders amid Brexit crisis

Britain's Prime Minister, Theresa May, faces a Brexit showdown with frustrated European Union (EU) leaders Wednesday with talks to agree an orderly break-up at an impasse.

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