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Despite a 'resilient' operational performance, the group suffered from high interest payments and the need to set aside almost a billion euros to settle a host of lawsuits.
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Rob Hersov's African Gold Acquisition Corp., a special purpose acquisition company targeting gold assets on the continent, raised $360m ahead of a New York listing on Friday.
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Ratings agency Moody's says while government lowered deficit forecasts due to higher than expected revenues and a milder GDP contraction, higher spending may drive rising debt.
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The rand, which weakened to R15/$ overnight, was the worst-performing emerging market currency on Thursday.
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Cellular Goods, which is backed by retired soccer star David Beckham, surged more than fourfold as it started trading in London after raising R270 million in an IPO.
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The two state-owned entities have faced a high turnover of top executives in recent years.
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Fuel users could see a steep hike for petrol of 66 cents per litre, while diesel may go up 57 cents per litre, according to the Automobile Association's estimates.
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Google is accused of relying on pieces of its code within websites that use its analytics and advertising services to scrape users' supposedly private browsing history and send copies of it to Google’s servers.
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Taiwan's drive to plug a global shortage of microchips has hit a snag - a lack of water for its foundries caused by a drought.
