Economy

SA Finance minister to deliver budget speech

South African Finance minister Malusi Gigaba will deliver the national budget speech in Cape Town on Wednesday afternoon.

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Kenya’s economy expected to recover in 2018

Kenya's economy is expected to rebound to between 5.3 and 5.8% in 2018 up from 4.7% in 2017 due to drought and a prolonged electioneering period, a local investment bank said on Tuesday.

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Weak Walmart results weigh on US stocks

Retail shares were under pressure early Tuesday, pushing the Dow and S&P 500 lower, after Walmart reported disappointing fourth-quarter earnings.

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Samsung to slash OLED panel production as iPhone X demand disappoints

Samsung Electronics Co (005930.KS) will slash output of its organic light-emitting diode (OLED) panels in response to its customer Apple Inc’s (AAPL.O) decision to cut production of iPhone X amid weak demand, the Nikkei reported on Tuesday.

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Relax and invest, Saudi prince tells investors

Three months after Saudi Arabia detained scores of people in a crackdown on corruption, its rulers are trying to reassure investors that the kingdom remains open for business.

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Asian markets rise as focus turns to release of Fed minutes

Hong Kong led Asian markets higher Wednesday as traders brushed off a retreat on Wall Street, with attention turning to the release later in the day of minutes from the Federal Reserve's most recent policy meeting.

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HSBC profits surge as CEO departs

Profits at HSBC surged during 2017, in part thanks to a strong Asian performance, the global banking giant said Tuesday as it looks to the future without long-serving chief executive Stuart Gulliver.

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Aviation welcomes international flights with SA-bound tourists

Fireblade Aviation, owned by South Africa's wealthy Oppenheimer family, said on Tuesday it had processed the first international flights last week at its private terminal at O. R. Tambo International Airport.

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Congress sets sights on federal cryptocurrency rules

Jolted by the global investment craze over Bitcoin and other crypto currencies, United States lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters.

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Saica promises to leave no stone unturned in KPMG SA conduct

The South African Institute of Chartered Accountants (Saica) says they will leave no stone unturned to deal with their members who do not adhere to their code of conduct.

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