South Africa, having secured $8.5 billion (R146.83 billion) in climate finance from some of the world’s richest countries, is in talks with additional nations to help it cut reliance on …
South Africa
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EconomyEnergyFinance & ServicesSouth Africa
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BusinessEntrepreneurshipFashion & StyleFinance & ServicesSouth Africa
Pepkor sales growth slows down due to the hit from KZN floods and unrest
Pepkor, which owns brands such as PEP and Ackermans, managed to deliver a double-digit earnings increase even as the effects of the July 2021 unrest and KwaZulu-Natal flooding hit the …
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BusinessEconomyMarketsNigeriaOil & Gas
Average price for 5kg cooking gas in Nigeria increases to 71% in one year
The average price of refilling a five-kilogramme cylinder of cooking gas rose by 70.62 per cent year on year in October, the National Bureau of Statistics (NBS) has said. The bureau said …
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Eskom has been ordered by a court to scrap a R16 billion tender award for the maintenance of high-pressure boilers and pipes at its 15 coal-fired power stations after it …
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BusinessEconomyOil & GasSouth Africa
TotalEnergies is planning to explore for oil offshore South Africa’s West Coast
TotalEnergies is planning to explore for oil offshore South Africa’s West Coast, where environmental groups have increasingly opposed such activity. The French explorer proposes to drill one well, which could …
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BusinessEconomySouth Africa
SAB launches a new logo which represents it’s positive outlook for the country
South African Breweries (SAB) has launched a new logo which the company says represents its positive outlook for the country, with its CEO optimistic about local prospects – even as …
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BusinessCryptocurrencyMarketsSouth Africa
cryptocurrency market maker Ovex cancelled FTX financial services license in South Africa
South African cryptocurrency market maker Ovex has cancelled and removed FTX as a juristic representative, cutting off the international exchange’s access to its local Financial Service Provider (FSP) license. “FTX …
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BusinessEconomySouth AfricaTechnology
Elon Musk postponed the relaunch of twitter after fake account frenzy
Twitter’s new owner Elon Musk on Tuesday postponed the relaunch of the site’s paid subscription service after a first attempt saw an embarrassing spate of fake accounts that scared advertisers. …
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Shares of JSE-listed grocery chain Spar slumped on Wednesday, after it reported muted operating profit growth for its year to end-September, hit by surging costs including for fuel and promotions, …
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BusinessFinance & ServicesSouth Africa
Eskom generation boss resigns his position with immediate effect
Eskom’s general executive for generation, Rhulani Mathebula, has resigned from his position and will leave the utility at the end of November 2022. Eskom chief operating officer Jan Oberholzer announced …