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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Honda announces US$11 bn EV battery and vehicle plant in Canada
Japanese auto giant Honda announced Thursday the largest automotive investment in Canada's history, worth Can$15 billion (US$11 billion), for a massive new EV battery and vehicle assembly plant. Its new facility in Alliston, Ontario will be the first to tap into Canada's EV supply chain investment tax credit and joins recently announced Volkswagen and Stellantis battery plants in Canada.
American Airlines confirms 2024 forecast despite Q1 loss
American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast. American confirmed its full-year profit forecast range of between $2.25 and $3.25 per share.
SA businesses are turning a new leaf, according to Stats SA, Mzansi disagrees
Statistics SA says SA businesses have been showing positive growth, but South Africans argue this data is not reflective of small black-owned businesses.
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Made in Mzansi Celebrates South African Heritage, Local Manufacturing and Everyday Health
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