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| SOUTH AFRICA: Major rate hike shock Fin24.com Johannesburg - A huge interest rate shock awaits South Africans as the monetary authorities consider hiking rates by another 200 basis points. Most economists have predicted rates only to increase - at... |
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| WORLD: Brazil Says Sugarcane Is Fuel EU While the world has a war of words over whether food should be used for fuel or feeding people, Brazil – the country which relies on biofuel – said the case is closed as far as it’s concerned. Food is for fuel. |
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| SOUTH AFRICA: Repo rate increases to 11.5% Bathandwa Mbola Pretoria - Indebted South Africans will have to dig further into their pockets following the South African Reserve Bank's (SARB's) Monetary Policy Committee (MPC) announcement of the hike in the repo rate by 50 basis points. |
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| SOUTH AFRICA: Omnia, IFC in carbon credit deal BuaNews Pretoria - South African chemical, mining and agricultural company Omnia has entered into an agreement with the International Finance Corporation to sell up to one million carbon credits over the next five years. |
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| SOUTH AFRICA: Motorists face another petrol hike Pretoria – Motorists are set to dig deeper into their pockets when the petrol price increases on Wednesday.
The retail petrol price is set to increase by between 66 cents and 68 cents a litre. The... |
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| SOUTH AFRICA: Consumers urged to support paraffin campaign Nthambeleni Gabara Cape Town - The Paraffin Safety Association is urging all household energy consumers to support its consumer rights campaign which calls for government to formulate and implement the Low Income Household Energy Safety Policy. |
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| SOUTH AFRICA: Tourism, Kulula showcase local travel Luyanda Makapela Johannesburg – South African Tourism and Kulula.com are expected to promote domestic travel by highlighting the ease and affordability of local flights to different provinces in the country. |
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| NAMIBIA: 3,000 Jobs Will Be Lost in Malaysian Textile Factory Closedown The Namibian government plans to stay the course with export processing zones (EPZ) despite one of the largest of the foreign investors, Malaysian textile company Ramatex, deciding last week to close down its operations--a move that will destroy 3,000 jobs.
Ramatex came to Namibia in 2001. The one billion Namibian dollar project (about 127 million dollars) was the first large-scale industrialisation investment in the country, with an incentive package including subsidised water and electricity and a 99-year lease exemption for the 65 hectare site. |
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| SOUTH AFRICA: Factory gate prices in at 10.4 percent BuaNews Pretoria – The Production Price Index (PPI) came in at 10.4 percent year on year (y/y) in January, reported Statistics South Africa (Stats SA) on Thursday. On a month-to-month basis, January’s PPI increased by 1 percent. |
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| Namibia Money-Laundering Seminar Michael Hearns Israeli fugitive Jacob 'Kobi' Alexander briefly became the centre of attention during a seminar on money laundering co-hosted by the Bank of Namibia and the US Embassy in Windhoek |
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| ZAMBIA: Where are the workers? IRIN LUSAKA, 27 February 2008 (IRIN) - International investors are toasting Zambia's fast-growing economy, but economists and social rights activists point out that it is yet to make a serious dent in poverty. |
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