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Unemployment in Eastern Cape deepened by factory closures

A sign showing a business closed The Eastern Cape’s unemployment rate remains stubbornly high at 39.5% despite the province adding 89 000 jobs, in the last quarter. While trade, domestic work and construction has driven gains, the closure of major manufacturing employers is fuelling concern. Tyre giant Goodyear, once a source of hundreds of jobs,…

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Survey shows consumer inflation to average at 4.3% this year

Wooden dices showing drop in percentage 1 minute A survey conducted by the Bureau for Economic Research among analysts, trade unions and businesses indicates that they expect consumer inflation to average 4.3% this year. This means that consumer inflation is expected to remain contained at the midpoint of the Reserve Bank’s target range over the…

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Taxi security guard killed in Nyanga shootout

Bullet casings and broken glass. Crime scene. 1 minute A taxi security guard was fatally shot, and several others were injured during a shootout involving alleged rival taxi groups in Nyanga on the Cape Flats. Western Cape Police Commissioner Thembesile Patekile confirmed that 13 rifles and seven handguns were seized at the scene. Nineteen security…

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SA Jazz legend Feya Faku laid to rest in Gqeberha

Family, friends and fellow musicians gathered to pay their last respects to world renowned trumpeter and flugelhornist, Fezile Feya Faku in Gqeberha in the Eastern Cape. Faku passed away at the age of 63 while touring in Switzerland. Speaking on behalf of the family, Gift Ngqondi expressed mixed emotions as they are happy with the…

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