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SAA needs extra R6bn from state as costs bite

South African Airways (SAA) has warned it would post a loss this financial year and said it was in talks with the government for a recapitalisation of about R4bn-R6bn to fund operational costs, its growth strategy and fleet renewal. Full story

Infrastructure plan will aid jobs
by www.fin24.com

Cape Town - South Africa's new infrastructure development plan will effectively tackle inequality, poverty and unemployment, ANC chief whip Mathole Motshekga said on Tuesday. Full story

 

Kenya: farmers turn to aloe vera to combat drought and poverty
by http://allafrica.com

Low rainfall and a rocky terrain have not dampened the hopes of many farmers in Kimalel area of Baringo County. Full story

 

BoG's recapitalisation policy provides economic boost
by www.ghanaweb.com

The Bank of Ghana is confident that the recapitalisation requirements of commercial banks in the country of up to GHc 60 million will provide the much-needed boost to the economy. Full story

 

Most Nigerians live in poverty
by www.fin24.com

Abuja - Despite strong growth in Nigeria, Africa’s second largest economy, the level of absolute poverty rose to 60.9% of the population in 2010 from 54.7% in 2004, the national bureau of statistics (NBS) said on Monday. Full story

How to retire successfully from your family business

When the owner of a family business retires, it could raise some critical issues within the business - issues that could threaten the long-term sustainability of the business, says Riana Grobler, senior marketing consultant for Old Mutual Corporate. Read more

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