Economy

Morocco sees government's budget deficit narrowing in 2019

Morocco’s 2019 draft budget forecasts a deficit narrowing to 3.3% of gross domestic product in 2019, down from 3.8% expected in 2018, a government statement said on Thursday.

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Racist' curry stunt sparks outrage against Steers,Wimpy sister chain

South African-owned Gourmet Burger Kitchen is facing a massive Public Relations crisis after its stunt to promote a curry hamburger in the United Kingdom (UK) went horribly wrong.

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Asia air cargo market gets e-commerce boost

Strong e-commerce demand is fuelling Asia’s air freight market, with the US-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives said on Friday.

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Internet provider groups sue Vermont over net neutrality law

Five industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block a Vermont law barring companies that do not abide by net neutrality rules from receiving State contracts.

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China economic growth the weakest since 2009

China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the US began to bite.

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Sub-Saharan Africa's big economies yet to recover

Sub-Saharan Africa’s economic recovery will progress slowly into next year, as the continent’s biggest drivers struggle to move into higher gear despite a healthier global economy, a Reuters poll found on Friday.

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Uber Air could see SA shoppers flying to malls via skyports

Ridesharing company, Uber, says it is working on "a whole generation of transport modalities," one of which is Uber Air, an urban aviation ride sharing product that could see shoppers being picked up or dropped off at skyports.

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Ultimatum for suspened SARS Commissioner

South African President, Cyril Ramaphosa, has given suspended South African Revenue Service (SARS) Commissioner, Tom Moyane, until next week Friday to explain why he should not be fired.

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MTN Ghana revenue rises, driven by mobile money service

MTN Group said on Friday its Ghana unit's third quarter revenue grew around 23%, boosted by its mobile money service MoMo.

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Data prices to go down in SA

Vodacom Chief Executive Officer, Shameel Joosub, says much as data prices are coming down, they could go down faster if spectrum was made available in South Africa.

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