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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Microsoft, Google earnings shine as AI drives revenue
Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live. In its push, Microsoft has moved beyond OpenAI and signed partnerships with other promising AI startups such as Mistral AI, as well as investing heavily internationally.
Google parent Alphabet's Q1 profits beat estimates: company
Google's parent Alphabet on Thursday trounced revenue and profit expectations for the first quarter of this year, causing shares to leap more than 12 percent. Alphabet shares that ended the formal trading day down slightly leapt more than 12 percent to $177 in after-market trades that followed release of the earnings figures.
2 million bottles of Perrier ordered destroyed by French agency
Perrier destroyed two million bottles of its famous sparkling water suspected of being contaminated with "faecal" bacteria under government orders, the public health agency said Thursday.
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Made in Mzansi Celebrates South African Heritage, Local Manufacturing and Everyday Health
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