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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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SOUTH AFRICA: Unions remain sceptical as SA Govt. plans to unplug Eskom from its debt quandary

Drastic action is needed at Eskom. The five-fold increase in the power utility’s tariffs over the past decade is a symptom of a deep and rapidly worsening problem. It cannot sell enough electricity to cover its spiralling costs of debt...

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SOUTH AFRICA: Inter-union rivalry at the root of the Marikana Massacre was masked by politics

Ask Ben Magara, the former CEO of Lonmin about the Marikana massacre, in which 44 miners lost their lives in the course of inter-union violence and protest action during a week in August 2012, and that’s what you’ll hear.

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SOUTH AFRICA: Government Prepares $16 Billion Bailout Package for Eskom

What Happened: South Africa's government is planning to provide a $16 billion bailout to Eskom in its latest effort to stabilize the notoriously embattled public utility monopoly, Bloomberg reported June 30.

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SOUTH AFRICA: Government is out of cash: report

  • Date: 30-06-19
  • Category: SOUTH AFRICA
  • Source: Business Tech

Several state companies and municipalities are scrambling to find money to pay salaries – and unions are not happy about it, reports the City Press.

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SOUTH AFRICA: Unions meet to discuss plan of action over rampant retrenchments

Johannesburg - Two main labour union federations are this week meeting with their affiliates to discuss a plan of action in response to looming retrenchments by major companies that would leave thousands of employees jobless.

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SOUTH AFRICA: Ramaphosa mulls green energy plan to cut Eskom’s debt payments

South Africa’s President Cyril Ramaphosa is considering whether to back a proposal to improve troubled Eskom’s debt terms by closing polluting coal plants early to make way for renewable energy.

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