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Economists expect stagnant economy in the first quarter

Person holding South African money. 1 minute Standard Bank economist Dr Elna Moolman expects the economy not to have grown in the first quarter of this year. This comes after South Africa’s economy grew by 0.6% in the final quarter of last year, helping to avoid a recession. Statistics South Africa will today release the…

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Earnings, rate cut bets lift UK stocks

London Stock Exchange 2 minutes The main UK stock indexes rose on Tuesday, with a weaker sterling helping keep the FTSE 100 near all-time highs, while upbeat earnings from companies including Abrdn and Premier Foods boosted the midcap index. The blue-chip FTSE 100 closed up 0.3%, trading just below its intraday record high of 8548.59…

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City of Joburg employees injured in Samwu strike

Samwu members protest in the Johannesburg CBD on December 12, 2024. 1 minute Several City of Johannesburg employees affiliated to the South African Municipal Worker’s Union (Samwu) have been injured after the police fired rubber bullets at protesting workers. Samwu members had barricaded several roads in the Braamfontein area yesterday afternoon, causing traffic disruptions that…

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Man City give up three-goal lead in 3-3 draw with Feyenoord

Manchester City’s Erling Haaland reacts after the match. 4 minutes Manchester City squandered a three-goal lead to draw 3-3 with Feyenoord in the Champions League yesterday after another calamitous performance from Pep Guardiola’s stuttering side who have suffered an alarming slump in form. Erling Haaland scored either side of an Ilkay Gundogan strike for the…

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