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Ford CEO decries cost and chaos of Trump tariffs

Ford cars are on sale at a dealership of Genser company in Moscow, Russia, February 14, 2017. 2 minutes Ford Motor CEO Jim Farley says US President Donald Trump’s proposed and implemented tariffs have added “a lot of costs and a lot of chaos,” although Farley says he believes the president aims to strengthen the…

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FEDUSA accepts government’s 5.5% increase

Public sector unions concluded consulting their members about government’s offer to increase salaries by 1.5%. 4 minutes Public sector unions under the Federation of Unions of South Africa (FEDUSA) have accepted government’s 5.5% increase for their members. The Public Service Coordinating Bargaining Council (PSCBC) gave the parties 21 days last month, to canvass their members…

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SA steel industry condemns US decision to hike import tax

An employee works at a steel processing production line of a factory. 2 minutes The local steel industry has condemned the United States’ decision to hike import tax on all steel and aluminium entering that country. The Steel and Engineering Industries Federation (Seifsa) says this will hurt the steel and aluminium sector in South Africa….

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Gold prices surged due to US tension and economic uncertainty

A worker cleans gold bars at South Africa’s Gold Fields South Deep mine in Westonaria, 45 kilometres south-west of Johannesburg, South Africa, March 9, 2017. 1 minute Gold prices have surged due to increased demand for safe haven assets, amid growing trade tensions and economic uncertainty. President Donald Trump recently imposed sweeping tariffs on all…

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Godongwana’s first GNU budget speech expected to reflect MTBPS

South Africa’s Finance Minister Enoch Godongwana speaks during his medium-term budget policy statement in Cape Town, South Africa, November 1, 2023. 1 minute Economists expect the upcoming Budget Speech to outline economic projections similar to those presented in the medium-term budget policy statement. Finance Minister Enoch Godongwana will deliver his Budget Speech on Wednesday next…

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