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Business
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Rise of lab-grown diamonds sparks economic alarm in Southern Africa
Botswana and its southern African peers – nations that built much of their prosperity on diamonds – are scrambling to secure new sources of growth as cheaper, lab-grown alternatives disrupt the global market.
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Police strike on illicit trade: Over R100 million in counterfeit goods seized
Over one million counterfeit and illicit items – worth more than R100 million – were confiscated by the South African Police Service (SAPS), dealing a decisive blow to the illicit economy.
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SA Rugby secures shareholder status in United Rugby Championship
The South African Rugby Union has officially become a shareholder in the United Rugby Championship, marking a significant milestone in the sport’s global expansion, the league announced Wednesday. SA Rugby […]
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Nestlé dismisses Chief Executive over office romance
GENEVA, Switzerland – Swiss food giant Nestlé terminated Chief Executive Laurent Freixe with immediate effect this week following an investigation into an “undisclosed romantic relationship with a direct subordinate” that violated […]
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Nestlé dismisses Chief Executive over office romance
GENEVA, Switzerland – Swiss food giant Nestlé terminated Chief Executive Laurent Freixe with immediate effect this week following an investigation into an “undisclosed romantic relationship with a direct subordinate” that violated […]
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4 000 jobs at risk as ArcelorMittal slows down South African steel operations
ArcelorMittal, the world’s second largest steelmaker, announced on Tuesday it will close part of its steel operations in South Africa, putting approximately 4 000 jobs at risk according to union […]
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Relief at the pumps for diesel and petrol users
South African motorists and businesses are set to receive welcome relief at fuel stations from Wednesday, 3 September, as both diesel and petrol prices are expected to decrease significantly, according […]
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‘Serious danger’ to global markets if Trump controls US monetary policy, warns ECB chief
European Central Bank chief Christine Lagarde warned Monday that it could be extremely dangerous for the global economy if US President Donald Trump gained control over US monetary policy.
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South Africa launches Nobel Prize-winning panel to combat global inequality
South Africa announced on Thursday the formation of a high-profile panel led by Nobel Prize-winning economist Joseph Stiglitz to develop solutions for tackling global inequality and poverty, a move that […]
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South Africa slides further down global governance rankings as Africa struggles
South Africa’s governance performance has continued its troubling decline, dropping to 77th place globally in the latest Chandler Good Government Index (CGGI), as new research reveals Africa remains the worst-performing […]
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