Economy

Nigeria oil unions threaten nationwide strike over Chevron dispute

Nigeria’s two main oil unions have prepared their members for possible nationwide industrial action over a staffing dispute with Chevron, they said on Saturday.

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Crypto currencies Jump as Ripple takes flight

Cryptocurrencies surged on Friday as optimism surrounding Ripple Labs plans for using a digital coin spread, lifting peers that have lost more than $600 billion of value since January.

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SA unveils raft of reforms to revive moribund economy

President Cyril Ramaphosa on Friday unveiled a raft of measures as part of an economic stimulus plan to boost investor confidence after South Africa entered a recession in the second quarter of this year.

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Kenya President signs finance bill with contested new taxes into law

Kenyan President, Uhuru Kenyatta, has signed a new Finance Bill into law, officially introducing a series of new taxes, including one on fuel, which have led to public anger and strikes.

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Asian markets pick up Wall St baton to end week on a high

Asian markets enjoyed another day of strong buying on Friday, helping them to end the week with a flourish as investors looked past the China-US trade row to focus on the booming American economy.

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Global markets breeze higher on growth outlook

Global stock markets rose Friday as optimism on the US economic outlook outweighed lingering trade war worries, dealers said.

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IBM to develop SA start-ups through accelerator

IBM South Africa has launched a startup accelerator in partnership with Tshimologong Digital Innovation Precinct.

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Morocco’s CPI drops to 1.7% in August

Morocco’s annual consumer price inflation dropped to 1.7% year-on-year in August from 2.1% in July, the High Planning Commission said on Friday.

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SA union signs wage deal with AngloGold

South Africa's National Union of Mineworkers signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week.

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Cuba, South Africa eye to strengthen economic relations

Cuba and South Africa should strengthen economic and trade relations to the same level as the strength of their political relations, according to Cuba’s National Assembly Speaker, Esteban Lazo Hernande.

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