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SOUTH AFRICA: Two more ANC leaders shot dead in Limpopo

Two ANC leaders have been shot dead in Limpopo in what is believed to be part of the continuous in-fighting which has claimed several lives of party members in the past 12 months.

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SOUTH AFRICA: Eskom rescue heightens SA’s downgrade risk

  • Date: 24-07-19
  • Category: SOUTH AFRICA
  • Source: Business Live

Finance minister Tito Mboweni says the state might have to increase borrowing to fund an extra R59bn in aid for utility

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SOUTH AFRICA: The plight of the average middle class South African

The average middle class South African has run out of runway – having already depleted savings – and is now tapping into whatever credit facilities they may have.

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SOUTH AFRICA: The ANC is coming for your pensions – Economist

  • Date: 21-07-19
  • Category: SOUTH AFRICA
  • Source: My Broadband

Well-known economist Mike Schussler has warned that the ANC wants to use your pension money to fund bankrupt state-owned enterprises like Eskom and SAA.

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SOUTH AFRICA: JSE closes flat as it struggles for direction

  • Date: 13-07-19
  • Category: SOUTH AFRICA
  • Source: Sierra Leone Times

The JSE struggled for direction on Friday eventually closing marginally weaker as it faded towards the close. Despite the majority of the local bourse's main indices trading weaker on the day, the resources index mitigated this downside as most miners rebounded following significant losses in the prior session.

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SOUTH AFRICA: SA’s Mantashe targets R8bn in exploration spend, pledges improved licensing system

The South African government would invest R20m in developing and improving the minerals licensing system whilst “significant strides” had been made in addressing the backlog in licence applications, said Gwede Mantashe, the mines and energy minister.

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SOUTH AFRICA: South Africa's rand firms to 3-month high, stocks down

JOHANNESBURG (Reuters) - South Africa’s rand rose against the dollar on Thursday to hit its strongest in nearly three months, tracking fellow emerging market currencies, as the dollar was dented by hopes of U.S. interest rate cuts.

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SOUTH AFRICA: SA unlikely to see new mines whilst Mining Charter III stays in current form

IF the third version of the Mining Charter is as investor-friendly as mines and energy minister, Gwede Mantashe, claims it is, where is the flood of new investment into South Africa’s dwindling mining sector?

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