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  • South African tourism industry cuts 9 300 jobs

    More than 9 300 jobs were due to be lost in the South African tourism industry, resulting to the total net loss of R4.1 billion (about US$380 million) to the Gross Domestic Product (GDP) in 2015, a research report conducted by Tourism Business Council of South Africa (TBCSA) suggested recently. Once a bustling sector that […]

Anxiety in South Africa as economy slips into technical recession

South African consumers and households are bracing themselves to face hard times as the country’s economy is said to be slipping into a technical recession in the near future. Official figures released recently show that the Gross Domestic Product (GDP) in Africa’s second’s largest economy unexpectedly declined by 1.3% quarter-on-quarter (q/q) in the second quarter […]

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Standard Bank, Global Fund in joint effort to fight Aids, TB, malaria

South Africa’s Standard Bank and Global Fund have recently signed an extended partnership to provide better financial tools and skills to organisations implementing programs to fight AIDS, tuberculosis and malaria in Africa. The announcement was made this week in Johannesburg, the economic capital of South Africa. This is an extension of the pro-bono agreement signed […]

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Akon launches solar-powered tablets for Africa’s education

Senegalese-US music star Akon has wonderful plans for the African continent’s electricity and education sectors. Akon’s company Akon Lighting Africa and its partners have unveiled their long-term objective to use solar activities to drive education by introducing connected tablet devices. The announcement was made in Benin, the West African country, where Akon, Thione Niang and […]

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Burundi radio journalist beaten, detained on duty by security forces

A Burundi journalist working for Radio France Internationale (RFI) was beaten and detained by security on Sunday while he was covering the assassination of a top general in the capital Bujumbura, the Committee to Protect Journalists (CPJ) reports this week. Esdras Ndikumana was detained while he was photographing the scene at which General Adolphe Nshimiramana […]

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South African SMEs hesitant to hire more staff due to growth uncertainty

South African small and medium enterprise (SME) owners have not employed new staff in the last 12 months, pointing to possible muted growth expectations for the country’s SME sector, a Business Partners Limited SME Index (BPLSI) report released this week said. The 2015 second quarter index, compiled by Business Partners Limited (BPL), reports a slight decline in […]

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