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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Between the office and nature for Prada's winter menswear
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UBS to spell out growth plan after Credit Suisse takeover
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R1,000 grocery budget can barely feed one child a nutritious diet for a month, report shows
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Germany unveils huge electricity price relief for industry
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EU chief plunged into controversy over top job pick
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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.
'Can't sell': the Polish blockade, another blow for Ukraine's farmers
In a field in the Kyiv region, Lyudmyla Martyniuk was standing by silos filled with grain that should be heading for export, but for a blockade on the Polish border disturbing a market already impacted by Ukraine's war with Russia. Instead, she pointed to a series of issues, including Russia drowning the international market with cheaper grain.
Low-end internet auctions upend art market: sector-tracker
A boom in internet sales has boosted the lower end of the art market and could ultimately doom showroom auctions, said the boss of sector-tracker Artprice, which published its annual report Wednesday. "Showroom auctions are doomed to disappear," Ehrmann added.
Asian stocks drop after global markets fall on tech sell-off
Asian shares mostly slumped on Wednesday after global markets fell as traders locked in profits following recent tech-driven rallies. Traders were underwhelmed and global equities wobbled.
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