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PMI figures show manufacturing sector still under strain

Metal workers working in a manufacturing plant. The manufacturing sector continues to show signs of strain. According to the ABSA Purchasing Manager’s Index, headline PMI contracted for the eighth consecutive month. The index, which measures the health of the sector, increased by 5.4 points to 48.5 index points in June. However, the data suggests that local demand conditions…

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Govt urged to invest more resources to support teachers in FS

Teacher’s desk SADTU in the Free State has urged the provincial education department to invest more resources to support teachers. This after the department launched the provincial Mother Tongue based Bilingual Education (MTbBE) campaign in the province. The campaign aims to improve learners’ performance and promote linguistic diversity in primary schools. Provincial secretary of SADTU,…

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Dollar drifts as traders hunker down for US payrolls

[File image] The dollar wobbled on Thursday after a trade agreement between the United States and Vietnam fuelled optimism over potential future deals ahead of a July 9 tariff deadline, while investors looked to payrolls to assess the Federal Reserve’s next steps. Sterling firmed slightly after a sharp drop the previous session as British Prime…

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Minister Nkabane tight lipped on DA’s fraud charges

Minister Nobuhle Nkabane speaking at Budget Vote Breakfast with National Skills Fund (NSF) beneficiaries on Wednesday in Cape Town. Higher Education Minister Dr. Nobuhle Nkabane was tight lipped when asked about a charge of fraud laid against her by the Democratic Alliance (DA) yesterday. The DA believes that Nkabane lied to Parliament with regards to an…

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