Daily Archives: July 2, 2013

Stocks down, track emerging markets pull back

Resources shares boosted by stronger commodity prices.

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Ford, Chrysler post solid gains in June US auto sales

Ford sales up 13%.

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Investing after Bernanke

Should you change your portfolio?

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Motlanthe reconvenes mining forum

In a bid to resolve problems in the industry.

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Amplats to negotiate wages at same time as talks on job cuts

We expect to run a parallel process – Phumo.

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CIMB says industry growth a third of potential: Islamic Finance

As efforts to introduce sukuk tax legislation in non-Muslim nations have stalled.

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Smart ID, new bridge for Mandela Day

Let us all show love and compassion and make Madiba proud – Williams.

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Rand flat against dollar in quiet afternoon trade

Local currency remains little changed as international markets hold their breath in anticipation of US nonfarm payroll data

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Sex trafficking widespread in East Africa, US says

Kenya, Tanzania, Rwanda and Burundi are included in a group of "watch-list" countries that could eventually face US sanctions for failure to combat human trafficking, the State Department said in a report issued last week.

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BoU leaves benchmark rate unchanged at 11 pc

Bank of Uganda (BoU) on Tuesday left its benchmark rate unchanged at 11 per cent on the back of expectations of an increase in the inflation rate in the next two to three months.

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Malaysian firms signs multibillion shilling deal in Dar es Salaam

Tanzania is set to house East Africa’s first ammoniabased chemical manufacturing plant following the signing of a multibillion shilling deal between local companies and a Malaysia based firm. read more

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M&R sells construction products Africa

Construction group- Murray & Roberts (M&R) has soldf its Construction Products Africa operating platform (excluding Hall Longmore)‚ comprising the group’s manufacturing businesses.
The sale of the group of businesses – that include Much Asphalt‚ Rocla‚ Technicrete and Ocon Brick – will generate about R1.325bn for the company before transaction costs. read more

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Obama unveils $7bn power venture

United States President Barack Obama, putting his mark on US aid to Africa, announced an initiative to boost access to electricity in sub-Saharan Africa and said the US stood to benefit if the continent reached its full potential. read more

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Locals handed a bigger slice of State tenders

The Treasury has increased the value of government contracts reserved for local firms, opening a window for Kenyan women and youths to increase their share of business with the State.

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