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Wall Street stocks close at new record highs on AI enthusiasm

Wall Street stocks began the week on a strong note, with both the S&P 500 and Nasdaq finishing at records spurred by enthusiasm over artificial intelligence. The tech-rich Nasdaq Composite Index led the major indices, climbing 1.0 percent to 17,857.02,…

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International techcompany goes local, starts production in SA

Taiwanese computer and electronics manufacturer Acer will be starting the production of monitors in South Africa. This is according to a statement from the company. The company said that their new monitor production programme will have a huge contribution to…

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Proudly SA announces the top 16 Youth-Owned Brands Awards

Proudly SA has collaborated with the Top Manufacturing Category in the upcoming awards ceremony, the Top 16 Youth-Owned Brands Awards (YOBAs), scheduled for June 22 at the Sandton Convention Centre. The Top 16 YOBAs have been recognised as the pinnacle…

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Media24 to cut 400 jobs in proposed restructure

Media company Media24 has announced plans to close the print editions of five newspapers, while converting three of the titles into digital-only brands. This is according to a statement released by the company. The last publication date for the newspapers…

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‘It’s just teething problems: IFP weighs in on Zille, Mbalula GNU spat

The Inkatha Freedom Party’s Velenkonisi Hlabisa believes the public spat between ANC secretary-general, Fikile Mbalula, and chairperson of the DA’s federal council, Helen Zille, was merely teething problems. Hlabisa said the party has taken note of the ongoing disagreements between…

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Gemfields earns R1.2bn from auction of Mozambican rubies

GEMFIELDS, the emeralds and rubies miner, has reported $68.7 million (R1.24 billion) in revenue from an auction of gems it conducted during the period June 3 to June 18. Under the company’s mixed quality ruby auctions for the month of…

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SA’s richest got R461 million a day since the start of 2024

The wealth of six South African billionaires increased this year, according to Forbes, despite the bumpy start to 2024. According to data from the Forbes Real-Time Billionaires list, the wealth of these South African billionaires have gained $4.6 billion (R83…

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