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  • Ramaphosa says independence of the Reserve Bank is 'sacrosanct'

    16 January 2019 7:24 AM 102

    President Cyril Ramaphosa says there are no plans to interfere with the independence of the SA Reserve Bank, in an apparent climb down from what is contained in the ANC's election manifesto. Addressing business leaders on Wednesday morning ahead of the World Economic Forum in Davos, Ramaphosa said what came out of the ANC meeting was a line that only expressed

  • By killing the internet, Zimbabwe kills commerce and the lights

    15 January 2019 5:05 PM 115

    When the Zimbabwean government ordered internet service providers to shutter parts of the web in an effort to curb anti-government protests, it also plunged homes into darkness because people can’t pay their utilities online. Most people in the southern African nation use Econet Wireless Zimbabwe's Ecocash mobile-phone payment system for daily transactions

  • 'Baby Shark' driving you crazy? Creator warns penguins are next

    15 January 2019 10:38 AM 65

    "Baby Shark (Doo Doo Doo Doo Doo Doo)" is the YouTube sensation that’s been viewed more than 2 billion times and made the Billboard Hot 100 chart last week as its top new entrant. The jingle has also become such an earworm that late-night-show host Jimmy Kimmel proposed throwing those responsible in jail for life. Love or hate it, the South Korean company

  • MONEY CLINIC: When do you need debt consolidation or a debt review?

    15 January 2019 4:00 AM 48

    QUESTION: Is it better to get debt consolidation or to be under debt review? ANSWER: Capitec Bank gives a good explanation of the different options when you get into trouble with too much debt and struggle to keep up with your monthly payments. Apart from debt consolidation and debt review, there is also debt administration through a court order and selling

  • Tongaat Hulett appoints new CEO to sweeten its prospects

    14 January 2019 2:13 PM 88

    Tongaat Hulett [JSE:TON] has announced that Gavin Hudson will serve as the sugar producer’s new chief executive officer and its newest executive director from the beginning of February. This comes during a period of considerable difficulty for the company, including a recent 12% dip in its share price in November and failure to meet key targets, which

  • Tesco finally says it's in talks to stockpile goods for Brexit

    10 January 2019 12:42 PM 48

    Tesco has remained quiet on Brexit since the referendum result nearly three years ago, but the UK’s biggest retailer has now disclosed it is planning to stockpile in the run-up to the March deadline. The supermarket has delivered stock-holding and production plans for each of its suppliers by using existing networks and warehousing space. It has offered

  • Netflix's 2019 rally continues with analysts bullish on subscriber growth

    07 January 2019 7:30 PM 44

    Netflix rallied on Monday, in the latest move higher for the stock, which hasn’t had a negative session thus far in 2019. Shares gained 5.5%, on track for the third straight rise, as well as the seventh advance of the past eight trading days (on the day when the stock didn’t rise, it ended the day unchanged.) The video-streaming company has surged nearly

  • World Bank President Jim Yong Kim announces resignation

    07 January 2019 5:50 PM 46

    Washington -World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire. "It has been a great honor to serve as president of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime," Kim said in a statement

  • Boeing stuck in Iran creates headaches for Norwegian airline

    06 January 2019 12:09 PM 110

    Oslo - Norwegian Air Shuttle said Friday one of its Boeing 737s has been stuck in Iran for three weeks after an unscheduled landing due to engine problems, as US restrictions reportedly create headaches for the airline and possibly passengers. The aircraft was en route from Dubai to Oslo with 192 passengers and crew members on board when it carried out a "safety

  • World's most-prized fish sold for R43 million at Tokyo auction

    05 January 2019 6:43 AM 43

    A 278-kilogram bluefin tuna sold for $3.1m (R43m) at a Tokyo fish market Saturday. The record price - which equates to about $5 000 a pound - is more than double the previous high set in 2013, according to Masayuki Fukuda, an official in charge of trading operations at the Tokyo market. The record-topping fish was caught off Oma in northern Japan. It was sold on the first