Scarborough, a once quiet conservation village in the Western Cape, has become a talking point online as foreign investors are apparently taking advantage.
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Yen sinks to 34-year low past 160 per dollar
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Economy relies on ANC presidential election outcomes, Ramaphosa needs to stay in power for the Rand's sake
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Major Baltimore bridge collapses after ship collision
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New farmer show of force as EU ministers tackle red tape
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US lawmakers to avert shutdown with vote on eve of major Biden speech
US lawmakers were set to vote Wednesday to end a long-running row over the federal budget with a giant bill to fund several major federal agencies through the fall, averting a partial shutdown due to start at the weekend.
US Fed's progress against inflation 'not assured': Powell
The US Federal Reserve's progress in bringing down inflation is "not assured," the chair of the country's central bank told lawmakers in Washington Wednesday, on the first of two days of hearings in Congress. "But the economic outlook is uncertain, and ongoing progress toward our two percent inflation objective is not assured," he added.
Egypt secures $5 bn additional loan from IMF as pound plunges
Egypt secured an extra $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates and allowed the pound to plunge by nearly 40 percent. The central bank described its move to hike interest rates Wednesday as an attempt to "accelerate the monetary tightening process in order to fast-track the disinflation path and ensure a decline in underlying inflation".
Angry Polish farmers protest EU rules, Ukraine farm imports
Thousands of angry farmers descended on the Polish capital on Wednesday to protest EU environmental rules and cheap imports from Ukraine and elsewhere outside the bloc.
US private sector hiring up less than expected in February
Job gains in the US private sector picked up in February, payroll firm ADP said Wednesday, a sign that could give the Federal Reserve some pause as it mulls the timing of interest rate cuts. ADP said pay gains for those who changed jobs picked up for the first time in more than a year.
European stocks rise before UK budget, ECB rate call
European and Asian stock markets mostly rose Wednesday before a UK budget and Fed testimony and on the eve of a eurozone rate decision, while bitcoin and gold remained elevated one day after striking record peaks.
South Africa's economy grew 0.1% but agriculture, forestry and fishing decreased
The South African economy grew by 0.1% in the previous quarter, and some sectors like agriculture, fisheries and forestry decreased by 9.7% in quarter four.
Britain set for tax-cutting budget before election
Britain's Conservative government is on Wednesday expected to use a budget update to unveil tax cuts for millions of workers, in an attempt to woo voters before a general election.
Crocs, cyclones and 'magnificent melaleucas': Aussie beach named world's best
It may have deadly animals and wild weather, but Palm Cove in Australia's northeast has been named the world's best beach, beating rivals in Hawaii, Greece and Fiji. "Recognition of Palm Cove as the world's number one beach by an award-winning travel magazine and website only validates what locals already know about Palm Cove," said James.
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