Diamonds forecast to regain pre-pandemic sparkle in 2022-2024

Diamond jewellery demand will recover to pre-pandemic levels between 2022 and 2024, with China leading the way, a report commissioned by the Antwerp World Diamond Centre predicted.

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SIU says it warned Gauteng government against storing PPE at AngloGold hospital

The Special Investigation Unit (SIU) says it warned the Gauteng government about the possible dangers of storing COVID-19 personal protective equipment at the AngloGold Ashanti hospital in Carltonville, west of Johannesburg.

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Amazon orders hundreds of trucks that run on natural gas

Amazon.com Inc has ordered hundreds of trucks that run on compressed natural gas as it tests ways to shift its US fleet away from heavier polluting trucks, the company told Reuters on Friday.

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KZN Premier Zikalala and Consul General of India hold economic talks

KwaZulu-Natal Premier Sihle Zikalala says the meeting with the Consul General of India Anish Rajan today has revived a long-standing relationship between the two economies after the devastating effects of the COVID-19 pandemic.

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Numsa calls on government to intervene in Putco’s planned retrenchments

The National Union of Metalworkers of South Africa (Numsa) says government has a duty to intervene in the retrenchments at bus company Putco, as the reasons given for the job cuts are unjustifiable. 

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Wall Street ends higher amid upbeat earnings, economic data

US stocks ended solidly higher on Thursday and the S&P 500 and Nasdaq posted record closing highs after another batch of upbeat earnings and data suggesting the labor market may be stabilising.

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Popcru threatens mass action against planned job cuts

The Police and Prisons Civil Rights Union (Popcru) says it will join the Congress of South African Trade Unions (Cosatu) on rolling mass action against planned job cuts of public servants and a three year wage freeze.

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The bodies of trapped Lily Mine workers remain underground five years later

The families of the three miners who died following a tragic incident at the Lilly mine in Mpumalanga are still seeking closure five years later.

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Greyhound accedes to union’s request to halt plans to close its operation

Greyhound bus service has acceded to the union’s request to halt plans to close its operation. The bus company will now apply for the Commission for Conciliation, Mediation and Arbitration (CCMA) facilitation of Section 189.

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Oil rises 1%, hits highest in a year on growth hopes, OPEC+ output cuts

Oil prices rose about 1% on Friday, after hitting their highest in a year and closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.

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Malaysia Airlines aircraft lessors to vote Wednesday on restructuring: parent company

Malaysia Airline

Malaysia Airlines’ aircraft operating lessors will vote on the airline’s restructuring scheme on Wednesday, the parent company of the national carrier said on Saturday.

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IMF chief warns of stability risks, urges more help for low-income countries

The head of the IMF on Friday urged advanced economies to provide more resources to low-income countries, warning that an emerging “Great Divergence” in global growth that could risk stability and trigger social unrest for years to come.

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Coca-Cola SA to increase employees’ stake, black empowerment investors by 20%

Coca-Cola Beverages South Africa (CCBSA) will increase the stake held by employees and black empowerment investors in the company to 20%, it said on Friday, in a bid to meet merger conditions laid out by competition authorities.

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