Economy

Honda Aircraft expects higher light jet deliveries in 2019

Honda Aircraft Co Chief Executive, Michimasa Fujino, said on Tuesday he expects deliveries of the HondaJet to rise in 2019 above the estimated 50 aircraft customers will take this year, as the light business plane maker targets Asia for growth.

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Pick n Pay SA profits jump to 19%, price cuts lure buyers

South African supermarket chain, Pick n Pay Stores, on Tuesday said half-year profit before tax jumped 19.1% as price cuts attracted more shoppers to its stores.

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Netflix records subscriber growth, dispels Wall Street worries

Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth.

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Angola President vows investment drive, graft fight

President Joao Lourenco pledged on Monday to kickstart the ailing Angolan economy with a push to attract foreign investment to end its "excessive" dependence on oil revenue and return to growth.

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Ethiopia appoints new Finance Minister

Ethiopia's Prime Minister, Abiy Ahmed, on Tuesday named Ahmed Shide as Finance Minister to replace Abraham Tekeste, the State broadcaster said.

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Tokyo shares rise after Wall Street rally

Tokyo stocks ended higher on Wednesday with investor sentiment boosted by robust corporate earnings that triggered a rally on Wall Street and lifted shares in Asia.

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SA Revenue Service inquiry calls for firing of suspended commissioner

The SARS Inquiry Commission Chair, retired Judge Robert Nugent, has recommended that President Cyril Ramaphosa should fire suspended SARS Commissioner, Tom Moyane, with immediate effect, in order to set the organisation on a firm path of recovery.

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Tax changes will hit mineral exploration: Zambia mining group

Zambia’s proposed mining tax increases will hit mineral exploration and production in Africa’s second biggest copper producer, companies involved in exploration said on Tuesday.

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Pick n Pay first-half profit jumps after price cuts

South African supermarket chain, Pick n Pay Stores, on Tuesday said half-year profit before tax jumped 19.1%, as price cuts attracts more shoppers to its stores.

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Ethiopian Airlines to resume flights to Mogadishu

Ethiopian Airlines will start flying to the Somali capital, Mogadishu, on November 2 for the first time in four decades, the State-affiliated Fana Broadcasting reported on Tuesday.

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