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SA confidence heads south By Lukanyo MnyandaJohannesburg – CONCERNS about rising inflation and the prospects of a fourth interest rate hike this year have weighed heavily on confidence in the economy, two surveys released yesterday show.... US set to open export advisory office in PE Sicelo Fayo Business EditorTHE US government is looking at establishing a representative office in Port Elizabeth to assist Eastern Cape producers engaged in export trade with the US.... Rate of increase in house prices slowed in August Business ReporterA COOL down in the rate of increase in house prices continued in August, against the backdrop of rising inflation and high interest rates, the latest Absa House Price index shows.... Most SA websites illegal, says prof Business EditorNINE out of ten South African websites could be illegal in terms of the specifications of the new Electronic Commerce and Transactions Act, and unless website owners quickly acquainted themselves with the legislation, they could find themselves in trouble.... Power use edges up Business EditorDESPITE exceptionally cold spells this winter across South Africa, official statistics of consumption show that electricity usage for July, seasonally adjusted, increased by only 4 per cent compared with the same month last year.... Absa moves on Aventura Cape Town – Absa has frozen the credit facilities of the financially troubled state-owned leisure resort company Aventura, which is technically insolvent, and the national treasury has refused to provide another guarantee to keep it going.... |
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