Business & Economy
Adcock Ingram reports full-year profit bump

[ad_1] Pharmaceutical producer Adcock Ingram has reported a 24% rise in headline earnings per share (Heps) to 502 cents for the 12 months ended June 2022, boosted by an improved demand for its over-the-counter (OTC) and shopper healthcare merchandise. The JSE-listed group which owns the Panado, Allergex, Citro-Soda, Corenza C

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Business & Economy
New EU rules are unjust and punitive to South African citrus industry

[ad_1] In mid-July 2022 the European Union imposed new restrictions on South African citrus imports. The new phytosanitary necessities had been meant to tackle False Codling Moth, a citrus pest that’s native to South Africa and for which there’s zero tolerance within the EU. The new laws are a serious

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Business & Economy
Inflation continues upward trajectory – Moneyweb

[ad_1] NZINGA QUNTA: One of the massive tales for right now is client inflation coming in at 7.8% in July. Siobhan Redford from RMB joins me now. She is an economist there. Thanks a lot in your time on the SAfm Market Update with Moneyweb. Just your response to that

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Business & Economy
Salvation in sight for key ports of Durban and Ngqura

[ad_1] Industry gamers have welcomed Transnet’s announcement of shortlisted corporations for its programme to improve Durban Container Terminal Pier 2 (DCT2) and the Ngqura Container Terminal (NCT) in Gqeberha, previously known as Port Elizabeth. Read: Transnet indicated in a Sens assertion that it intends to create a 25-year particular function

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Business & Economy
South Africans to cut food expenses by 47%

[ad_1] The rising costs of the typical family food basket, electrical energy and transport towards a nationwide minimal wage that doesn’t match the price of dwelling will drive the final employee in South Africa to underspend on food by at the least 46.8%. This is in accordance to the Pietermaritzburg

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Business & Economy
Sasol benefits from higher energy and chemicals prices

[ad_1] FIFI PETERS: While motorists will not be completely happy about paying report gasoline prices on the pumps, Sasol shareholders don’t actually thoughts that a lot, as a result of these higher prices have helped enhance the corporate’s 2022 income and have helped make sure that Sasol shareholders have been

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Business & Economy
Even a jumbo ECB rate hike won’t stop the euro from diving

[ad_1] The euro is languishing beneath parity with the greenback after its newest selloff, and there’s little hope that even a hefty hike in rates of interest would rescue it. Rather than financial coverage, it’s the interlinked threats of a recession and a Russian power cutoff which are weighing down

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Business & Economy
Real Madrid and rivals await Champions League draw in Istanbul

[ad_1] Title holders Real Madrid and the remainder of Europe’s elite golf equipment will be capable to begin plotting their path to Champions League glory when the draw for this season’s group stage is made in Istanbul on Thursday from 1600 GMT. Real Madrid’s Brazilian defender Marcelo (C) lifts the

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Business & Economy
Aveng sees second consecutive year of profitability

[ad_1] FIFI PETERS: Construction group Aveng launched its annual outcomes in the present day, August 23, 2022. Revenues have been larger and, whereas earnings grew, they grew at a a lot slower tempo than within the earlier monetary year. We have the CFO of Aveng, Adrian Macartney on the Market

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Business & Economy
Global outlier Angola has room to cut rate as currency jumps

[ad_1] Angola’s central financial institution might think about slicing its benchmark rate as inflation slows and after its currency appreciated on the quickest tempo in many years. The Banco Nacional de Angola saved its benchmark rate at 20% for a sixth straight assembly in July, aided by the kwanza’s 22%

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