JOHANNESBURG (Reuters) – Supermarket group Pick n Pay said on Wednesday its four-month sales grew by 6.4%, but its like-for-like sales growth in South Africa was softer, impacted by store revamp[...]
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Africa
Shoppers to face fresh price hikes as stores, suppliers pass on costs
By Richa Naidu LONDON (Reuters) – Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and investors, unless c[...]
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Microsoft calls for ‘coalition’ to improve Congo’s informal cobalt mines
CAPE TOWN (Reuters) – Microsoft visited an artisanal cobalt mine in Democratic Republic of Congo in December as part of attempts to jump-start formalisation of the little-regulated and dangerous[...]
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Kenya tweaks 2022/23 spending, deficit estimates in supplementary budget
NAIROBI (Reuters) – Kenya’s finance ministry has tweaked its spending and budget deficit estimates for the current fiscal year that ends in June to show a slight increase in overall expend[...]
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S. Africa’s Sasol expects HY profit to double on higher oil price
(Reuters) – South African petrochemical group Sasol said on Tuesday it expects its half-year profit to double, driven by strong oil prices and despite operational challenges in its domestic unit[...]
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Self-proclaimed bitcoin inventor’s $2.5 billion lawsuit can go to trial – London court
LONDON (Reuters) – Self-proclaimed bitcoin creator Craig Wright’s lawsuit against bitcoin network developers to try to recover billions of dollars can continue to trial, a London court sai[...]
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Investor conviction continues for bonds, returns for equities – BofA
LONDON (Reuters) – Investors poured cash into bonds and stocks in the week to Wednesday, showing conviction in both asset classes, a report from BofA Global Research showed on Friday, while they[...]
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South African business activity shrinks solidly in January
JOHANNESBURG (Reuters) – Activity in South Africa’s private sector in January contracted a its fastest pace since the end of 2021 as new orders fell due to rolling power cuts and weak econ[...]
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Nigeria disagrees with ‘surprise’ Moody’s downgrade – finance minister
By Felix Onuah and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s finance minister said on Thursday she disagreed with what she called a “surprise” downgrade of the country[...]
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