Economy

Namibia's economy to grow by 1%

Namibia's economy will expand by at least 1% this year and by double that by 2020, Finance Minister Calle Schlettwein said on Monday, following a recession last year in a broad based contraction.

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SA unions angered over latest mine deaths

Mining unions in South Africa are outraged by the latest mine deaths. Their stance comes after six mineworkers were killed at the Palabora Mining Company in Limpopo on Sunday.

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MTN's Dubai subsidiary sells MTN Cyprus for $304 million

South Africa-based mobile telecommunications company, MTN Group Ltd, said on Monday its Dubai subsidiary sold its Cyprus business to Monaco Telecom SA for $304 million.

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EU urges big powers to avert trade 'conflict and chaos'

The European Union (EU) called Monday on the United States (US), China and Russia to work together to cool worsening global trade tensions, warning that they could spiral into violent "conflict and chaos."

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Six SA miners die at Palabora Mining Company

The number of mine workers killed underground at the Palabora Mining Company in Limpopo has risen to six after the body of another miner was found over Sunday night.

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IMF team due in Zambia to discuss its debt levels

An International Monetary Fund (IMF) team is expected in Zambia next week as part of consultations on the country's debt levels, Treasury Secretary General Fredson Yamba said on Monday.

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German confirms official hearing on Opel emissions

The German transport ministry confirmed on Sunday that the country’s federal motor vehicle authority (KBA) is conducting an official hearing into the emissions technology used in three models of car made by Opel.

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US credit market fires warning about recession

A reliable bond market indicator may be waving the flag that a United States (US) recession is coming, market watchers said, and it is not the flattening yield curve.

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SA opposition slams government’s failure to protect consumers

The South African opposition, Democratic Alliance (DA), has slammed government for failing to protect consumers from the negative impact of the high fuel and Value-Aded Tax hikes.

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There’s renewed confidence in SA’s economy: Ramaphosa

South African President, Cyril Ramaphosa, is optimistic that he’s on course towards meeting the $100-billion investment target that he announced earlier in 2018.

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