New data from reveals that the average household food basket costs R5,479.26 a month, and feeding one child a nutritious diet costs nearly R1,000.
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From 8 million to 12 million: Expert reveals the scale of South Africa's unemployment problem
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"No DNA, just RSA": SA beats Kenya to become Africa’s most competitive economy in 2026 IMD rankings
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JustMarkets Great Anniversary Contest is LIVE: $50K+ in Prizes & Gold Bars for Top Traders
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Chinese internet giant Tencent posts lowest annual profit since 2019
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2 million bottles of Perrier ordered destroyed by French agency
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Asia extends global stocks rally on rate optimism, jobs in focus
Equities extended a global rally Friday as investors were caught up in a wave of optimism that the Federal Reserve has finished its cycle of interest rate hikes, with eyes now on the release of US jobs data.
'No income, no life': Jerusalem's Old City suffers as war rages
The once bustling streets of Jerusalem's Old City have fallen eerily quiet, with the ongoing war between Israel and Hamas keeping away tourists and their much-needed cash. While many flights to Israel have been suspended and tour packages cancelled, a few tourists managed to reach the largely deserted Old City.
Jury begins deliberations in Bankman-Fried crypto trial
Jurors began deliberations in the trial of Sam Bankman Fried, the one time cryptocurrency golden boy who is accused of massive fraud by stealing customer money as he built his empire.
Uber, Lyft to pay $328 mn to drivers after New York state probe
Uber and Lyft will pay $328 million to settle a New York probe alleging that the companies "cheated" drivers, in an accord that also establishes paid sick leave, state officials announced Thursday. - Sick pay - Under the agreement Uber will pay $290 million and Lyft will pay $38 million.
Ferrari shifts up targets after 'record quarter'
Italian luxury carmaker Ferrari raised its financial targets for the year Thursday to eye sales of 5.9 billion euros ($6.3 billion) after another "record quarter". Ferrari is forecasting sales of 5.9 billion euros in 2023, up from a previous estimate of 5.8 billion euros.
Economic ties 'underpin' US approach to Asia-Pacific: Yellen
Treasury Secretary Janet Yellen was set Thursday to lay out the case for deeper economic ties with the Asia-Pacific region, ahead of an expected summit between the US and Chinese presidents.
BoE freezes rate, rules out cuts any time soon
The Bank of England on Thursday held its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. On Wednesday, the Federal Reserve left US interest rates at a 22-year high for a second straight meeting as it moved to slow stubbornly-high inflation without damaging a robust US economy.
Anti-obesity drugs fatten Novo Nordisk profits
Danish drugmaker Novo Nordisk reported Thursday a sharp rise in third quarter sales and profits driven by the success of its anti-diabetes and anti-obesity treatments Ozempic and Wegovy. In its quarterly report, Novo Nordisk maintained its annual outlook of an increase in annual operating profit of between 40 and 46 percent on a rise in sales of between 32 and 38 percent. cbw/jll/rl
Energy giant Shell announces rise in profits
British energy giant Shell on Thursday said net profit rose 4.5 percent to $7 billion in the third quarter from a year earlier, as it benefits from high oil prices. Over the first nine months of 2023 Shell's profit was however down sharply, reflecting lower oil prices year-on-year.
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