Shoprite CEO Pieter Engelbrecht sold R20 million in the company’s shares in the week before Christmas. According to a statement released by the group on Wednesday, the sale is part …
BusinessINVESTMENTMarketsSouth Africa
Category:
Markets
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The tailspin in Tesla Inc. shares accelerated Tuesday, marking their longest losing streak since 2018, as a report of a plan to temporarily halt production at its China factory rekindled …
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South African wine is becoming more popular in Japan, where its market share has been growing faster than the average growth of wine as a category in that country. Marcus …
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9mobileBusinessEconomyMarketsTechnology
Etisalat by e& collaborates with Huawei complete trial of 1.2Tbps/channel
Dense wavelength division multiplexing is an optical fiber multiplexing technology that is used to increase the bandwidth of existing fiber networks. Etisalat by e& has collaborated with Huawei to complete …
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AFRICA NEWSBusinessEntrepreneurshipMarketsNigeriaUncategorized
Rite Foods Limited launches food campaign in lagos
Rite Foods Limited has unveiled its ‘Unleash The Bull 2.0’ campaign in Lagos. In a statement, the company stated that ‘Unleash The Bull 2.0’ is the second edition of its …
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BusinessEconomyMarketsSouth AfricaTechnologyUncategorized
China Telecom launches it’s IP service and CTGNET in South Africa and other African cities
China Telecom has launched its premium IP transit service, CTGNET, in several new African cities – including Cape Town, Durban, Johannesburg, Nairobi, Mombasa, and Djibouti. CTGNET is the latest global …
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BusinessEconomyMarketsNigeriaOil & GasUncategorized
Nigerian regulators and oil marketers to end prolonged fuel scarcity in 48 hours
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other relevant organizations in the oil sector agreed Thursday to end the lingering fuel scarcity across the country in 48 …
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BusinessEconomyEntrepreneurshipMarketsNigeria
Famous Maiduguri fish market returns to business despite the challenges
Business activities have fully resumed at the famous Baga Fish Market, Maiduguri, an indication that life is steadily returning to normal after more than a decade-old insurgency halted many business …
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AirtelBusinessEconomyFinance & ServicesMarketsNigeriaTechnology
Airtel signs $194 million loan deal with IFC to boost African operations
Tuesday entered pact with Washington-based International Finance Corporation (IFC) to obtain $194 million credit to strengthen operations in six of its 14 African markets. IFC is a unit of the World Bank …
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The Nigerian government, in a bid to boost trade with South East Asia and maximize the African Continental Free Trade Area (AfCFTA) agreement, has announced plans to make $336 billion …