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14 December 2018 8:11 AM EU parliament urges Egypt to lift human rights constraints

The EU's lawmaking body has condemned Egyptian authorities for human rights abuses and is urging them to lift restrictions on free speech and assembly, halt mass trials and stop sentencing minors to death, and release political prisoners. In a resolution passed by a vote on Thursday, the European Parliament says Cairo enforces continuous restrictions 59

13 December 2018 3:28 PM Eskom said to mull asset sales as billionaire Motsepe circles

Eskom is considering the sale of smaller assets as the state-owned power utility weighs solutions to a liquidity crisis that contributed to a wave of rolling blackouts, according to people familiar with the matter. The supplier of almost all South Africa’s power is in advanced talks to sell its home-loans business, with local billionaire Patrice Motsepe’s 103

12 December 2018 11:35 AM October retail sales accelerate to 2.2%

Retail sales picked up in October, reflecting year-on-year growth of 2.2%, according to data from Statistics South Africa (Stats SA). Analysts had expected the uptick, with NKC Economics anticipating sales would come in at 2.5%. The figures were still higher than the annual 0.6% growth recorded in September. The main contributors to growth came from "other 91

12 December 2018 11:16 AM Egypt threatens Apple with legal action under competition law

Egypt has warned it will take legal action against Apple if the US tech giant fails to remove alleged "restrictions" on local distributors within 60 days. A decree threatening action was published in the official gazette on Monday after accusations from Egypt's Competition Authority that Apple had violated the country's competition law. It said the company 64

12 December 2018 8:21 AM November inflation ticks slightly higher to 5.2%

November inflation ticked up to 5.2%, according to data released by Statistics South Africa (Stats SA) on Wednesday. Analysts from NKC Economics had forecasted inflation to come in at 5.2%. RMB Global Markets Research head Nema Ramkhelawan-Bhana expected inflation figures to be unchanged at 5.1%, due to "relatively stable" fuel prices. The main contributors 102

08 December 2018 11:00 AM Black Friday sales disappoint, but retailers can still score with holiday shopping

Consumers can expect more discounting by retailers leading up to the festive season, with the Saturday before Christmas and Christmas Day itself being big sales days for retailers. This is according to Higor Torchia, country manager for the Europe, Middle East and Africa region of retail software management company Vend, explaining some of the sales 166

03 December 2018 3:02 PM Egypt hosts international arms expo

Egypt is hosting its first international weapons fair, an event that organisers hope will project a message to the world that the country is secure and stable. The three-day Egypt Defence Expo that opened on Monday features the world's top arms companies and hundreds of military and civilian participants from dozens of countries. The United States, Egypt's 57

30 November 2018 6:40 PM Patagonia gives tax windfall to environmental groups

Ventura — Patagonia, the outdoor gear company, is passing along the $10m (about R138m) it saved from tax cuts to non-profit environmental groups. Corporations received a windfall from the GOP's sweeping overhaul of the US tax code last year, which slashed corporate rates from 35%, to 21%. The California company said Wednesday that the donation is in addition 99

23 November 2018 4:45 AM Expect busiest Black Friday ever

This year's Black Friday is expected to be the busiest ever in SA, according to Dirk Prinsloo of Urban Studies. Urban Studies recently conducted market research on behalf of the SA Council of Shopping Centres where surveys were conducted among medium to large shopping malls nationwide regarding Black Friday. "Most centres expect an increase in footfall 106

18 November 2018 10:32 AM 'Don't do it': Consumers warned not to splurge on Black Friday and Cyber Monday deals

Deeply indebted consumers have been warned not to splurge on Black Friday and Cyber Monday sales as retailers tempt even the most financially distressed, said Debt Rescue CEO Neil Roets. Black Friday is taking place on Friday, 23 and Cyber Monday, 26 November. "While it is true that there will be some very tempting deals on offer, consumers should think 132