Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
Dis-Chem on Friday urged its prison group to withdraw its appeal against the Competition Tribunal’s R1.2million quality for inflating the price of surgical masks, pronouncing it would as an alternative focus on meeting its customers’ needs. In July, the tribunal slapped the pharmacy chain with a R1.2m fine, or 10percent of its turnover, after discovering […]
Sudan’s inflation rate has risen further to 99% in April due to rising food prices, the Sudanese Central Bureau of Statistics announced on Saturday. This rate had already risen to 82% the previous month, over one year. But rising prices for grains, meat, milk and bread have further increased inflation. Despite the political transition in […]
Falling fuel prices and collapsing demand are likely to outweigh the effects of a weaker rand, and could push consumer inflation towards 17-year lows, according to investment bank BNP Paribas. BNP Paribas sees inflation averaging just 2.8% this year — below the SA Reserve Bank’s target range of between 3% and 6% — leaving the […]