NSE market indices up by 0.05%

The nation’s bourse recorded marginal growth on Thursday after two consecutive days downward trading with the market indices appreciating by 0.05 per cent. Specifically, the All-Share Index rose by 12.79 points or 0.05 per cent to close at 27,424.92 against 27,412.13 achieved on Wednesday due to MTN Nigeria Communications gain. Also, the market capitalisation, which opened at N13.358 trillion, increased by six billion naira to close at N13.364 trillion. A breakdown of the price movement chart indicates that MTN Nigeria led the gainers’ table, appreciating by N4.20 to close at…

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SA Government will work with tourism stakeholders

(Pretoria) – Tourism Minister Mmamoloko Kubayi-Ngubane on Wednesday completed the first of a series of engagements with tourism stakeholders with a stern commitment to working with the province and the private sector to revitalise Mpumalanga’s tourism economy. Speaking at a breakfast event in Hazyview, Minister Kubayi-Ngubane reminded the industry players of the critical role they play in driving tourism growth, and their invaluable contribution in finding solutions to the problems in the province. “Our engagement today is about finding workable solutions to the challenges that impact the growth of the…

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SA engages German business

(Pretoria) – Trade and Industry Minister Ebrahim Patel has held engagements with German companies based in South Africa. German Ambassador to South Africa, Dr Martin Schäfer, hosted the Minister in Pretoria on Wednesday in a session that allowed the Minister to engage German business people as well as representatives of the German-Southern African Chamber of Commerce and Industry. The engagement focused on the economic ties between Germany and South Africa, and the opportunities to work together in fostering deeper, more inclusive growth. “Our economic and cultural relationship with Germany is…

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Leveraging e-payments, digital innovation for trade and inclusion

There is no doubt that technology has revolutionised the banking industry, particularly mobile and the Internet, as bank customers continue to embrace electronic payment for financial transactions. Indeed, individuals and businesses now crave e-payment platforms mainly due to the immense economic benefits they derive from them, which include convenience, affordability, availability, and customer retention. For instance, a recent report of the National Bureau of Statistics (NBS) on “Selected Banking Sector Data: Sectoral Breakdown of Credit, ePayment Channels and Staff Strength” for first quarter, shows that a total of 557,083,712 electronic…

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Oil rises for 5th session as stockpiles fall

(NEW YORK) – Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago. Brent crude futures LCOc1, the international benchmark for oil prices, were up 40 cents, or 0.6 per cent, at $65.12 a barrel by 0842 GMT. U.S. West Texas Intermediate crude CLc1 gained 20 cents, or 0.3 per cent, to $58.25 a barrel. Central bankers in the…

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