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Rand companies as investors are waiting for the next weakness

South Africa's rand was stronger early on Friday, increasing the previous session's gains in a recovery driven primarily by investors covering their short positions in anticipation of sharper falls as local and global growth fears looms. 0650 GMT was 0.57% firmer at $ 15.19 per dollar compared to an overnight low of 15.28 in New York, bringing gains to more …

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These 8 South African fintech startups just got a R1 million funding boost

Rand Merchant Investment Holding (RMI), through AlphaCode, has awarded entrepreneurial packages valued at R16 million to eight of South Africa's most promising financial services startups. All businesses are less than two years old and at least 51% owned by black South Africans. Each business will receive a package valued at up to R2 million including R1 million in grant funding …

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Millennial Buys Ripple With Loan He Can't Afford

After taking out a loan he couldn't afford to go all in on Ripple (XRP), the coin's market value fell by 40%. His response? Buy more coins! | Source: Shutterstock. Image Edited by CCN. By CCN Markets: A Twitter user who goes by the name of @ XRPBallzD33p told his followers last month that he was going all-in on his …

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Ford's sub-Ranger pickup could form part of 'baby Bronco' range

Ford's new Bronco-inspired compact SUV could share some of its butch design details with the upcoming compact bakkie. Dearborn, Michigan – Ford has already confirmed that it is working on a Bronco-inspired compact SUV as well as a new compact bakkie to close beneath the Ranger, and now it appears that the two could be more closely related than we …

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WTF is Huawei's Harmony OS?

Everything on the subject of Harmony OS as a smartphone operating system is conjecture at this stage. So far, we've only been served platitudes, so if Huawei wants to build confidence with developers and consumers, it will need to share examples, demos and launch devices with the operating system loaded up, and they need to be excellent. [19659002] The foundations …

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Massive difference between contract and prepaid data prices in South Africa

Mobile data prices for high-end bundles in South Africa have plummeted, with Vodacom, MTN, Cell C, and Telkom offering subscribers affordable big data packages. Vodacom's latest big data package for example, offers subscribers 50GB anytime data and 30GB Night Owl data for R299 per month. If one ignores Night Owl data, which is only available between midnight and 05:00, means …

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All-new Mercedes B-Class lands in South Africa

Johannesburg – The third-generation Mercedes-Benz B-Class has landed in South Africa, once again giving customers a more family-friendly alternative to the A-Class, but with all the laughter's interior gadgets and technology. While the styling is evolutionary, the lines are smoother and there's a definite family resemblance to the latest A-Class, and that's even more so, where the new B inherits …

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Steinhoff corporate fraud beyond what anyone expected, the investigation hears

Lancaster Group's investments in Steinhoff 2016 were "disturbed" by corporate fraud at the multinational retailer, heard the PIC's commission of inquiry. The inquiry, led by Justice Lex Mpati, posted its public hearings on Wednesday. The investigation has heard evidence from 77 witnesses over the past eight months and the commissioners will work to finalize their report to submit to the …

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