Economy

SA CPI slows to 4.9% in August

South Africa's headline consumer inflation slowed unexpectedly in August, data showed on Wednesday, with analysts saying the print could make the central bank take a less hawkish tone when it delivers its interest rates decision on Thursday.

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Sasol SA, union begin talks to end strike

South Africa's mainly white union, Solidarity, and Sasol, said on Wednesday they would begin negotiations overseen by a labour tribunal to try to end a strike by the union over a share scheme offered exclusively to black staff.

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Rand firms on emerging markets rally

South Africa's Rand strengthened against a softer Dollar early on Wednesday as expectations that Beijing would implement stimulus to reduce the economic blow from the Sino-United States trade war boosted investor appetite for emerging markets.

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JSE struggles for direction as Trump strikes again

The South African bourse struggled for direction on Tuesday as global markets digested the imposition of a 10% tariff on Chinese goods by the United States, which is set to kick in on September 24.

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Chinese premier slams 'unilateralism' in trade disputes

Chinese Premier, Li Keqiang, railed against "unilateralism" on Wednesday in a veiled allusion to the trade fight with the United States, and threw his weight behind further opening of the world's second largest economy.

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Egypt, Cyprus in Aphrodite gas to liquefaction plant deal

Egypt and Cyprus have signed an agreement to transport gas from the Aphrodite gas field to a liquefaction plant in Egypt for re-export, Egypt's petroleum ministry spokesperson said on Wednesday.

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Equatorial Guinea demands $16m back from Brazil

Equatorial Guinea is demanding that Brazil hand back more than $16 million in cash and luxury watches that border officials confiscated from a delegation accompanying the President's son.

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Inquiry underway into missing Liberian bank notes

An inquiry is underway into the disappearance of newly-printed Liberian bank notes worth nearly $100 million destined for Liberia's Central Bank.

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Africa central banks set to shift gear on rates

Central banks around Africa poised to reveal their first response to the emerging-market turmoil of the past month are likely to usher in an end to the continent’s easing cycle.

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Instagram introduces a shopping tab on the Explore page

Instagram today announced that it will be adding a shopping tab to the Explore section. This newly added feature will allow users to scroll through a dedicated feed of shoppable merchandise from various sellers.

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