South Africa's Reserve Bank plans to eliminate the prime interest rate, transitioning to repo rate loans and adopting ZARONIA, improving transparency in lending.
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Blackstone strikes chord with $1.6 bn bid for UK music firm
Struggling UK music rights owner Hipgnosis Songs Fund agreed Monday to an improved $1.6-billion takeover from US private equity firm Blackstone, which trumped a rival bid from Concord. "Blackstone appears to have emerged supreme in the bidding war for the Hipgnosis Songs Fund," commented Susannah Streeter, head of money and markets at Hargreaves Lansdown.
Musk leaves Beijing after Tesla wins key China security clearance
Tech billionaire Tesla CEO Elon Musk boarded a plane departing Beijing on Monday, an AFP journalist said, after a whistlestop visit that saw his firm win a key data security clearance from Chinese authorities.
Climate change, Brexit threaten to wilt Dutch tulips
Arjan Smit gazes out over his tulip fields, a riot of red and pink flowers he has cultivated all his adult life and part of a family business his grandfather started in 1940. Despite the challenges, the genial farmer is upbeat about the prospects for his son, 22-year-old Tim, who will be the fourth generation Smit running the family business.
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Made in Mzansi Celebrates South African Heritage, Local Manufacturing and Everyday Health
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