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latest news & developmentsTiger Brands may never know how listeria entered its plant
The food brand is still waiting for data from authorities that would definitively show whether its products are connected to the deadly crisis
Chinese stocks rise, paring world’s worst quarterly performance
China’s stocks have risen as government struggles to halt a $5-trillion rout and the world’s second-largest economy shows signs of a sharper slowdown.
Hong Kong billionaire plans African rival to Netflix
Richard Li’s PCCW plans to launch a video-on-demand service in South Africa to compete with Netflix and local Naspers offering ShowMax.
Chinese stocks still overvalued
Despite the 39% rout, dual-listed shares on the mainland are still double Hong Kong’s prices.
Greece swallows bitter bailout pill
Lawmakers passed an EU agreement that keeps Greece in the eurozone, putting pressure on the ECB and European governments to deploy emergency funds.
As Greeks withdraw, Draghi sends more
ECB president Mario Draghi willingly giving Greece negotiating room while cash drains from the banking system has riled those who had a tougher ride.
Greece faces diplomatic push on its debt at G7 summit
Greece faces a week of urgent diplomacy to free up bailout aid and avert a potential default as world leaders press for a resolution to the standoff.
Bond rout put down to fear, not economic fundamentals
The biggest global bond rout in two years has put investors in a dangerous place: challenging the world’s most influential central banks.
Return of the dot-com bubble
The valuations of China’s technology stocks have soared to an average of 220 times reported profits.
Emerging stocks rise as India leads world gains on election poll
Stocks in emerging markets have rallied, with India seeing the biggest gains on expectation that the main opposition party will win the elections.
MTN to sell its African cellphone tower networks
MTN is looking to reduce its exposure to costly infrastructure in Africa by selling off cellphone tower networks, say sources close to the matter.
Gold retreats from five-year highs
Investors drew away from the yellow metal after Fed Reserve chairman Janet Yellen confirmed that tapering in the US would continue to be gradual.
SA company digs shaft for mine in DRC
A South African company has begun work on the Kibali mine in the DRC, set to be one of the biggest mines in Africa upon completion.
Time ticking for Senate deal on US debt limit
US senate leaders are racing against the clock to reach an agreement before the country’s borrowing authority runs out next week.