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ELECTRIC VEHICLES: VW prepares Zwickau factory for 330,000 all-electric cars per year

VW is converting its entire Zwickau factory to electric vehicle production, and as it prepares for the start of ID3 production later this year, the German automaker teases the production of 330,000 all-electric cars per year.

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ESKOM: Eskom’s R230-billion bailout might not be enough to save it

  • Date: 21-07-19
  • Category: ESKOM
  • Source: My Broadband

The government is expected to grant Eskom a R230-billion bailout in an attempt to save the floundering power utility, but this might not be enough to fix the problem.

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ESKOM: Eskom and Soweto: Why I entered the fray

  • Date: 21-07-19
  • Category: ESKOM
  • Source: News 24

Over the last few days, I have faced questions about my decision to enter the fray in the ongoing saga between power utility Eskom and Soweto residents, who have been on the receiving end of what appears to be blanket electricity blackouts in large parts of the area.

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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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ACQUISITIONS: Community wants ConCourt to declare R5bn Lonmin deal illegal

  • Date: 21-07-19
  • Category: ACQUISITIONS
  • Source: Business Maverick

Six North West mining communities have launched an application at the Constitutional Court to appeal against a Competition Appeal Court judgment that paved the way for the more than R5-billion merger between Sibanye and Lonmin to be approved. They want both companies to restart merger talks, this time involving Rustenburg mining communities.

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ZIMBABWE: A power outage and mobile money blackout expose the vulnerability of Zimbabwe’s economy

  • Date: 21-07-19
  • Category: ZIMBABWE
  • Source: Quartz Africa

On Saturday morning (Jul. 20) local time Zimbabweans experienced a system blackout on Econet Wireless, the country’s biggest telecoms operator after a significant power outage.

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AUTO SALES: GM's Biggest Chinese Partner Braces For First Annual Sales Drop

  • Date: 19-07-19
  • Category: AUTO SALES
  • Source: Bloomberg

SAIC Motor Corp. expects annual sales to fall for the first time in at least 14 years as China’s biggest automaker battles through a slump in demand roiling the world’s largest car market, according to people familiar with the matter.

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RHODIUM: Desperate to cut emissions, auto makers drive rhodium to 11-year high

  • Date: 19-07-19
  • Category: RHODIUM
  • Source: Reuters

LONDON (Reuters) - The price of rhodium, a precious metal used to curb harmful emissions from vehicle engines, has rocketed to its highest since 2008 as tightening environmental regulation compels auto makers to buy more just as supply looks set to stagnate.

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