Business
PIC appoints Sholto Dolamo as acting chief investment officer
Dolamo served as the asset manager's head of research and project development before taking up this position.
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BP poised to sell 'stranded assets' even if oil prices rally
The new strategy also sheds more light on chief executive Bernard Looney’s plan to reduce BP’s oil and gas production by 40%, or at least 1 million barrels per day, by 2030 while expanding into renewable energy.
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Shares in WeChat parent plunge 10% after Trump issues ban order
Tencent plunged as much as 10% in morning trade before paring losses and ending the session down 6.75% at HK$518.00.
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Trump imposes US ban on WeChat, TikTok in 45 days
The executive orders come as the Trump administration said this week it was stepping up efforts to purge “untrusted” Chinese apps from US digital networks
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Rand slips to 10-week low, stocks continue bull run
The rand has failed to benefit from the dollar’s decline, though, with investors sitting on the fence.
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Eskom starts safety campaign in Gauteng after increase in illegal connections
The power utility said it had noticed an increase in illegal connections in high-density areas with multiple households per stand.
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MTN to exit Middle East to focus on Africa
MTN is in advanced talks to sell the stake in MTN Syria to TeleInvest, which holds the other 25% of the business, Group President and Chief Executive Officer Rob Shuter told media on a conference call as the firm reported its half-year results.
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Dlamini-Zuma has a duty to prevent spread of COVID-19 & save lives, court told
Advocate Karrisha Pillay, representing Co-operative Governance Minister Nkosazana Dlamini-Zuma, on Thursday quoted a number of studies and research done that showed smokers were at higher risk of contracting severe respiratory diseases.
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DA urges banks, creditors to reject SAA’s appeal for R5.3 billion loan
The official opposition has issued a statement on Thursday morning urging banks and creditors to reject an appeal for another R5.3 billion loan.
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Glencore posts $2.6 bn loss and suspends dividend
While the Swiss-based firm remained profitable on an operating basis -- $1.5 billion in adjusted earnings before interest and taxes -- it booked impairment charges of $3.2 billion.
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Eskom 73-page summons case details how much it wants back from those implicated
Former Eskom executives and board members are accused of abusing their positions to channel funds to Gupta-owned companies for years while enriching themselves.
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Mboweni: As soon as we stated COVID budgets did thieves plan to loot
Mboweni and Treasury officials appeared before Parliament’s finance committees on Wednesday.
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Philippine economy dives into recession in worst slump on record
The Southeast Asian nation’s economy shrank by 16.5% in April-June from the same period last year PHGDP=ECI - the biggest slump in the government’s quarterly GDP data dating back to 1981.
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AUNTONY MUKHWANAZI: Cannabis industry can help reignite SA economy
The creation of a sustainable cannabis industry is one of the interventions that can help revive the South African economy, writes Auntony Mukhwanazi.
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Rand recovers after slipping to two-month low, stocks rise
On the stock market, shares were led higher by gold miners as bullion burst above historic resistance of $2,000 per ounce, with investors seeking a safe store of value.
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Instagram adds video clips in challenge to TikTok
'Reels' lets users record videos of up to 15 seconds and provides tools for editing, audio and effects, according to the Facebook-owned company.
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All PPE contracts must be published - Mboweni
Treasury said that government departments would no longer be allowed to choose suppliers and would have to resort to open tender processes in awarding contracts for PPE and COVID-19-related goods and services.
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Samsung unveils new version of folding smartphone
The Galaxy Z Fold2 was one of several new devices announced at a livestreamed event by the South Korean electronics giant, which recently lost the top position in the smartphone market to China-based Huawei.
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BLSA backs call to lift bans on sale of alcohol, cigarettes
The organisation said it supported the mounting demands for government to rethink its decision on the ban in order to steer South Africa’s economy back on the path to recovery.
