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23/02 Spur Corporation founder and executive chairman Allen Ambor is to retire from the company and the board with effect from 1 March 2019 after 51 yearsÆ of service. Mr Ambor (76) founded Spur when he opened the first restaurant in Newlands, Cape Town, in 1967 and has served as executive chai  Full story
23/02 South African is expected to harvest 33 percent less maize in 2018 compared with a record crop in the previous season after a decrease in plantings and low rainfall in the western part of the maize belt, a Reuters poll of six traders and market analysts showed on Friday.  Full story
23/02 South African power producer Eskom said on Thursday the Optimum coal mine, which is owned by the Gupta family and supplies one of the utility's power stations, had started business rescue proceedings.  Full story
21/02 South Africa's new leadership announced on Wednesday it was taking the politically risky step of raising value-added tax for the first time in 25 years, part of efforts to cut the deficit and stabilise debt under new President Cyril Ramaphosa.  Full story
19/02 South Africa's finance ministry is set to spell out "tough decisions" in its 2018 budget on Wednesday to plug a revenue gap and narrow the deficit, providing an early look at how new President Cyril Ramaphosa plans to repair the ailing economy.  Full story
20/02 A Dutch court has ordered Steinhoff International to amend its 2016 accounts, handing victory to a former business partner in a dispute over the ownership of discount furniture store chain POCO, the crisis-hit retailer said on Tuesday.  Full story
23/02 South African is expected to harvest 33 percent less maize in 2018 compared with a record crop in the previous season after a decrease in plantings and low rainfall in the. . .  Full story
23/02 More than 500 workers will embark on a strike on Monday at Koornfontein Mine, which is owned by the Gupta family, over concerns of nonpayment of salaries, South Africa's National Union. . .  Full story
23/02 The number of internet users in Tanzania rose by 16 percent at the end of 2017 to 23 million, with the majority of those using their handsets to go online, the. . .  Full story
23/02 South Africa's budget reverses some of last year's fiscal deterioration but poor finances of state-owned companies remain a major risk to fiscal targets, ratings agency Fitch said on Friday.. . .  Full story
23/02 South Africa's National Union of Mineworkers said on Friday that its members had not been paid on time at the Optimum coal mine, which is owned by the Gupta family, and. . .  Full story
03h12 Latvian lender ABLV Bank is failing or likely to fail and will be wound up by local authorities, the European Union's Single Resolution Board said in a statement on Saturday.. . .  Full story
01h03 Senior executives are leaving Swiss commodities trader AOT Energy amid a shrinking credit line and losses in some trading operations, sources familiar with the matter said on Friday.. . .  Full story
23/02 European Union leaders staked out opening positions on Friday for a battle over EU budgets that many conceded they are unlikely to resolve before Britain leaves next year, blowing a hole in Brussels' finances.. . .  Full story
23/02 European Council President Donald Tusk on Friday dismissed as "pure illusion" the ideas floated by Britain so far on what sort of relationship it wants with the European Union after it leaves the bloc.. . .  Full story
23/02 World shares rose broadly on Friday, with technology stocks lifting Wall Street, while gold neared its biggest weekly loss this year as investors shrugged off concerns about interest rate hikes and the U.S. dollar. . .  Full story
21/02 U.S. soybean meal futures jumped to their highest level since July 2016 on Tuesday as a drought kept the heat on crops in Argentina, the world's top exporter of the livestock feed.  Full story
15/02 Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit around mid-December.  Full story
14/02 Canada's main stock index rose on Wednesday after investor sentiment rebounded following a bullish U.S. inflation report and energy stocks rallied on strong oil prices.  Full story
13/02 Global investors cut equity holdings by the most in two-years in February, a Bank of America Merrill Lynch survey showed on Tuesday, as world shares had their worst week since early 2016.  Full story
09/02 The recent sell-off roiling global financial markets has not changed the overall economic outlook and it is not up to regulators to prevent investors from suffering losses, Deutsche Bundesbank board member Andreas Dombret said on Friday.  Full story
06h15 Senior U.S. officials will discuss trade disputes next week with a top Chinese economic official when he visits Washington, a senior U.S. official said on Friday as President Donald Trump considers new tariffs on steel. . .  Full story
03h34 Latvian lender ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central. . .  Full story
03h00 The fallout over last week's shooting rampage at a Florida high school started to take its toll on the National Rifle Association's roster of corporate partners on Friday as a half dozen companies severed. . .  Full story
01h14 Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because. . .  Full story
01h02 Kraft Heinz Co said on Friday billionaire investor Warren Buffett has decided to retire from the company's board following the end of his term in April to reduce travel commitments.. . .  Full story
23/02 Oil prices rose on Friday to their highest in more than two weeks, supported by the shutdown of the El Feel oilfield in Libya and upbeat comments from Saudi Arabia that an OPEC-led effort. . .  Full story
23/02 The dollar edged higher against a basket of major currencies on Friday, extending its recovery from a three-year low last week, as the potential for a more aggressive U.S. Federal Reserve prompted investors to. . .  Full story
23/02 Mexican stocks led losses across Latin America on Friday as poor economic growth figures there pushed the benchmark IPC index down almost 1 percent during an otherwise quiet day in the region.. . .  Full story
23/02 Sterling edged up against the dollar and euro on Friday but finished the week in much the same place as it had started, with weaker-than-expected economic data being offset by hawkish comments from Bank. . .  Full story
23/02 The Canadian dollar edged higher against its broadly firmer U.S. counterpart on Friday after data showed Canada's inflation cooled less than economists had expected. At 9:51 a.m. EST (1451 GMT), the. . .  Full story
11h12 Power producer Kenya Electricity Generating Company (KenGen) posted a 7 percent drop in pretax profit for the first half of its financial year to 6.08 billion shillings ($59.7 million) as depreciation. . .  Full story
23/02 Mauritius’ trade deficit widened 25.2 percent to 9.95 billion Mauritius rupees ($302 million) in December from the same period a year earlier, due to higher imports of mineral fuels and lubricants,. . .  Full story
23/02 Kenya Power posted a 19 percent drop in first-half pretax profit, mainly due to sluggish economic growth and higher financing costs.. . .  Full story
22/02 Kenya shook off a downgrade and the loss of access to an IMF standby credit facility to raise a $2 billion dollar bond at competitive yields, but market participants said on. . .  Full story
22/02 Zambia's annual inflation rate slowed to 6.1 percent in February from 6.2 percent a month earlier, official data showed on Thursday.. . .  Full story
09h31 Russia remained the top crude oil supplier to China in January, data showed, beginning 2018 on a strong note after the start-up of an expanded trans-Siberia pipeline and as Beijing released more crude import. . .  Full story
09h20 Saudi Arabia oil minister Khalid al-Falih said on Saturday that he hopes the production constraints under a deal between major OPEC and non-OPEC oil producers will ease in 2019.. . .  Full story
07h33 China's new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk.. . .  Full story
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23/02 Cyprus accused Turkey on Friday of threatening to use force against a drillship chartered by Italy's Eni, in a standoff over hydrocarbons rights in the eastern Mediterranean.. . .  Full story
11h23 China will continue to adopt a proactive fiscal policy and a prudent monetary policy to fulfill its 2018 economic and social development goals, state media Xinhua reported on Saturday, citing a statement from the ruling Communist Party's politburo.  Full story
10h25 China's imports of soybeans from the United States in January fell 14 percent from the same month a year ago, customs data showed, as Brazil grabbed a larger slice of the world's biggest market for the oilseed with higher-protein beans.  Full story
09h49 China exported barely any fuel to North Korea in January, data showed on Saturday, deepening months-long cuts in trade with its isolated neighbour amid growing tensions over Pyongyang's nuclear and missile programme.  Full story
09h36 China's coal imports from key supplier Australia surged in January from a year ago, customs data showed on Saturday, boosted by strong demand at utilities amid freezing weather.  Full story
09h33 Indonesian President Joko Widodo has selected Perry Warjiyo, a deputy governor at Bank Indonesia (BI), as his choice for central bank governor when the current head steps down in May, a senior adviser to the vice president confirmed on Saturday.  Full story
USA Week Ahead
23/02 Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire.  Full story


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