Africa already converted into IMF’s gospel, Kenyan central banker says

Africa has embraced sound economic policies and even the political class has started to appreciate the importance of such policies, Kenya’s central bank governor said on Wednesday.

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Saudi oil attack affecting anticipated petrol price cut

Experts speaking at the fuel retail association conference at Nasrec, south of Johannesburg, say the petroleum industry continues to face a number of domestic and global challenges.

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SAA calls on SIU to recover money from questionable contracts

SAA is in the process of roping in the Special Investigating Unit to look into more than 84 contracts that the airline says are questionable.

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Metrobus, Demawusa headed to Labour Court on Wednesday

Demawusa and the Johannesburg Metrobus management are heading to the Labour Court on Wednesday as the union’s members forge ahead with strike action until their demands are met.

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Reversing Sars current situation will take time: Momoniat

The National Treasury says it will take some years for the South African Revenue Service (Sars) to be able to collect revenue to its full potential.

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Apple says $14 billion EU tax order ‘defies reality and common sense’

The European Union’s order for Apple to pay 13 billion euros ($14 billion) in back taxes to Ireland “defies reality and common sense,” the US company said on Tuesday, as it launched a legal challenge against the 2016 ruling.

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Oil trims gains, but Middle East risks keep stocks on back foot

Men are reflected on an electronic board showing the Nikkei stock index outside a brokerage in Tokyo.

Brent crude, the international benchmark, fell 0.96% to $68.39 per barrel on Tuesday. On Monday, it surged 14.6% for its biggest one-day percentage gain since at least 1988.

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Demawusa vows to continue with Metrobus strike

Labour union Democratic Municipal and Allied Workers Union (Demawusa) has vowed to forge ahead with its strike action until Johannesburg Metrobus management succumbs to its demands.

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AngloGold Ashanti, B2Gold in deal over Colombia project

AngloGold Ashanti Ltd has entered into an agreement with B2Gold at its Gramalote project in Colombia that will see its Canadian joint venture partner raise its stake and assume management of the project.

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Osram advises investors to accept $4.8 billion offer from AMS

German lighting group Osram advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive.

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OxyContin maker Purdue Pharma files for bankruptcy protection

OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2 600 lawsuits alleging the company helped fuel the deadly United States (US) opioid epidemic.

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