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Monday, September 23rd, 2019

IMF not needed; Lefties shackle Cyril; Goldfields, Implats back in black; Discovery recovery; Petrol price hike

by August 15, 2019 Financial News

In today’s business headlines:

  • The IMF says South Africa does not need a loan, but it needs structural reforms to boost growth;
  • Bloomberg says President Cyril Ramaphosa’s left wing allies is hampering economic reforms;
  • Gold Fields has returned to a first-half profit of $70.5m in June but its headline earnings per share fell, while Implats swung to its first net profit in five years;
  • Discovery shares claw back;
  • Weaker rand could lead to 10 cent hike in the petrol price in September; and 
  • Government departments owe service providers R600m.

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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