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Rand under pressure, focus on CPI data

Johannesburg - The rand weakened near a four-year low against the dollar early on Wednesday, stung by concerns about labour unrest, but market players said it was unlikely to fall much further while investors awaited domestic inflation data. Full story

Oil found off Namibian coast
by business.iafrica.com

Brazilian energy firm HRT announced on Tuesday that it had discovered oil off the coast of Namibia, although not yet in commercial volumes. Full story

 

Senate now fights Parliament over control of Budget
by www.businessdailyafrica.com

A turf war between the Senate and National Assembly was building up Tuesday after the former demanded to revise the Division of Revenue Bill, 2013 approved by the Assembly 10 days ago. Full story

 

Ghana: Gov't to reconstruct markets across the country
by www.ghanaweb.com

Trade and Industry Minister, Haruna Iddrisu, has assured traders government would re-construct various markets across the country in consultation with the traders under a Public-Private Partnership arrangement. Full story

 

Banks urged to fund Africa development
by www.fin24.com

Abuja - Banks in Nigeria have been urged to fund infrastructural development in Africa so the continent can stop depending on the West. Full story

SMEs hold key to boosting SA savings

With national savings levels currently lower than in 2011, small to medium size enterprises (SMEs) have a fundamental role to play in increasing the South African savings rate - a critical step in boosting the economy's growth rate, according to the latest Old Mutual Savings Monitor. Read more

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