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Get the latest Business and Financial news in South Africa as it happens.

US Farms Could Suffer as the Arctic Heats Up

  Planet Earth is getting hotter. One of the more confusing aspects of this global trend is the persistent, undeniable discomfort of winter. Even more confusing is when that chilly weather continues into April, May, or godforbidpleasenot June. This might clear the confusion (but probably not the frustration): Those colder …

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Lanzhou positions itself as new Belt and Road economic hub

  LANZHOU, China – The city of Lanzhou signed 164 investment projects totaling more than RMB 111.4-billion (R220-billion) during the 23rd Lanzhou Investment and Trade Fair that concluded on Sunday, a sign for the government of promising economic growth as the city positions itself as a key transport link and …

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Police Minister to assess OR Tambo security

  JOHANNESBURG – The Minister of Police, Fikile Mbalula is set to visit the OR Tambo International Airport on Monday. According to a statement issued by his office, the minister will be meeting with the South African Police Service (SAPS) Management, Home Affairs, State Security and the Ekurhuleni Metropolitan Police …

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US unemployment rate ticks up to 4.4 percent in June

  WASHINGTON – US job creation rebounded in June while the unemployment rate ticked higher as more people entered the work force in search of jobs, the Labor Department reported Friday. The US economic engine created another 222,000 jobs in last month, while the jobless rate rose a tenth of …

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Provisional report on tax refund delays finalised

  The Tax Ombud’s provisional report on the investigation into tax refund delays has been submitted to the South African Revenue Service (Sars) for comment on Monday. Former Finance Minister Pravin Gordhan approved the investigation into tax refund delays as a systemic issue in March, after the Ombud, Judge Bernard …

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Land reform and property rights in SA

  There is widespread agreement that land reform in South Africa has failed, but that the extent is convoluted by the lack of unreliable data. This was the view of Ben Cousins, a professor at the University of the Western Cape, and founder of the Institute for Poverty, Land and …

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Recession-proof stocks for you

  SIKI MGABADELI:  You are probably tired of hearing it but, sorry for you, it can’t be avoided. South Africa is officially in recession. I think it’s the first time since 2008/9 that we’ve entered a recession – and that is defined as two quarters of negative GDP growth. But …

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