Business

Sun,17Dec2017

Business

South Africa's competition watchdog probes high data costs

A woman uses a mobile phone to take a photo of a bust of the former ANC president, the late Oliver Tambo,  Johannesburg, SA. Photo: Themba Hadebe/AP/SIPASouth Africa's competition watchdog has launched an investigation into the high cost of internet data, the regulator said on Friday, after a groundswell of complaints from consumers and civil society.

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Angola will have a new president for the first time in four decades

Angolan President Jose Eduardo Dos Santos, left, shakes hands with Chinese President Xi Jinping  in Beijing, June 9, 2015. Photo: Wang Zhao/AP/SIPAAngola goes to the polls on August 23 and the ruling People's Movement for the Liberation of Angola (MPLA) is fielding a different candidate for the first time in 38 years.

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New BRICS bank plans $1.5 bln lending for South African projects

 Construction workers on the site of the Rapid Bus Transport System, Johannesburg, June 3, 2009. Photo: DENIS FARRELL/AP/SIPAA New Development Bank (NDB) set up by the "BRICS" group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months.

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Moody's says South Africa's political tensions constraining growth

An ANC supporter holds a placard during a protest, Johannesburg, South Africa, Sept. 5, 2016.Photo: Themba Hadebe/AP/SIPAPolitical tensions in the ruling African National Congress (ANC) will weigh on South Africa's growth, ratings agency Moody's said on Wednesday, a week after President Jacob Zuma survived a no-confidence vote in parliament.

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Kenya's stock market hits 14-month high after Kenyatta victory

President Uhuru Kenyatta arrives at his offices at Harambee house, Nairobi, Aug.14, 2017. Photo: Sayyid Abdul Azim/AP/SIPAKenya's main stock index rose 2.51 percent on Monday to a 14-month high, building on gains last week as investors welcomed the re-election of President Uhuru Kenyatta.

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South Africa's rand, bonds firmer as downgrade fears fade

A worker at the Stock Exchange in Johannesburg, South Africa, April 4, 2017. Photo: Denis farrell/AP/SIPASouth Africa's rand firmed on Monday, buoyed by Moody's decision to delay ratings decision on the sovereign that was scheduled for last Friday.

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Old Mutual to list not sell businesses next year in break-up

Old Mutual will list Old Mutual Wealth in London.This photo shows the outside of the London Stock Exchange. Photo: ALASTAIR GRANT/AP/SIPAAnglo-South African financial services group Old Mutual aims to list two divisions rather than sell them as it pursues a plan to split into four parts by the end of next year.

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