TABJ – Apple Inc. has approved $30 billion in share buybacks, valid until the end of next year, authorized through a rare seven-for-one stock split. The hope is that the change will promote broader popularity and appeal to buy shares for individual investors who otherwise …
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TABJ – Nigeria’s Stanbic IBTC Holdings, a unit of South Africa’s Standard Bank, has issued a statement saying its profit for 2013 more than doubled from 2012. Pretax profit rose to 24.62 billion naira, an increase of 116 per cent from 11.41 …
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TABJ – A new report finds that poverty levels in South Africa during the five-year period between 2006 and 2011 have been on a steady decline. Figures assembled by Statistics South Africa in a report called ‘Poverty Trends in South Africa’, found …
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TABJ – South African President Jacob Zuma is being slammed for having a $23 million state-funded security upgrade to his private home, which included a swimming pool, cattle enclosure and amphitheatre. In a report released a mere six weeks before the country’s …
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TABJ – Kenyan President Uhuru Kenyatta has made public his plans to cut public servants’ wages in order to free up money to fund the country’s economic development. “My government is convinced the recent growth in public sector wage bill is unsustainable …
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TABJ – The problems that have been plaguing South Africa’s power system continue, with the state power utility saying the rolling blackouts may last until late this evening. Eskom was forced to install the rolling blackouts for the first time in …
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TABJ – The economic perils are being felt more and more each day after protesters initially blockaded the Hariba oil port site where 110,000-barrel-per-day port was effectively shuttered last summer in what was a concerted effort to force the government’s hand in imposing law and …
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TABJ – Some 50 emerging commercial farmers from Zambia, Malawi and Mozambique are being given the opportunity to attend the upcoming Agritech Expo at GART in Chisamba from 4-5 April. They will attend workshops designed particularly for small holders and emerging commercial farmers, to provide …
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TABJ – The Association of Mineworkers and Construction Union (AMCU) in South Africa is altering its wage demands to some of the world’s biggest platinum mines. Up until now, the two sides have remained far apart on a number of core issues, …
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TABJ – The government of Nigeria has announced it will accept offers from 42 prequalified bidders for 10 state-owned power plants on March 7 as part of President Goodluck Jonathan’s move towards privatisation of the sector. Private buyers took ownership of most …
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