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Archive In BusinessRead the latest news for Business in Africa
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Finance
Swiss Banks Just Got 10 Times Less Attractive For African Looters.
Three days ago, the Swiss National Bank slashed its official interest rate to -0.75 percent; that move, made in faraway Europe, has enormous repercussions for Africans seeking to hide funds there.
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Energy
Africa’s Biggest Crude Producer Cuts Domestic Fuel Price.
Nigeria, Africa’s largest economy and largest crude producer, on Sunday, announced a reduction in the pump price of premium motor spirit (petrol) from N97 to N87 ($0.5) per litre.
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Advisor Network
Seven Themes To Expect From Davos 2015.
It’s that time of the year when world leaders, top business executives and campaigners gather in Davos, Switzerland under the umbrella of the World Economic Forum (WEF), an independent international organization committed to improving the...
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Energy
Should We Expect Oil Job Cuts Soon?
Oil prices have continued to fall, and this macro incident is driving a number of unpleasant outcomes, but this is no longer news!
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Mining & Construction
Another Harmony Miner Dies In What Seems To Be Frequent Occurrence.
JSE-listed gold miner, Harmony Gold, on Monday said one of its workers was fatally injured in a rail-bound equipment related accident at its Masimong mine near Welkom in the Free State Province.
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Finance
Is South Africa Losing Out To Corporate Capital Flight?
It all became clear when Anglo American, Old Mutual and Investec listed on the London Stock Exchange (LSE) that South Africa will only be a place where these companies will make lots of money and...
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Energy
Nigeria’s New Price Regime To Include Kerosene.
The Nigerian National Petroleum Corporation (NNPC) has introduced a new pricing regime which will offer kerosene to local consumers at N50 per litre.
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Finance
This Set Of Striking South African Workers Are Losing $200,000 In Wages A Day.
JSE-listed platinum miner, Northam Platinum, on Monday said the on-going strike action at its Zonderiende mine had resulted in production losses of around 1,000oz of PGMs a day, totalling revenue of R11.5 million ($987,390) a...
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Energy
Power Shortages In South Africa Costing Astrapak $170,000.
JSE-listed packaging firm, Astrapak, on Monday said the recent spate of electricity outages and load shedding in South Africa had been seriously disruptive to its manufacturing businesses, presenting it with practical headaches on its production...
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Finance
World’s Richest 1% To Hold More Wealth Than The Rest.
Oxfam, the richest 1 percent will soon own hold more wealth than the rest of the world’s population. Having It All And Wanting More, a research paper published today by Oxfam, shows that the bulk of the...