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Germany and Kenya pledged to strengthen cooperation on climate protection, green energy and the exchange of workers after talks between Chancellor Olaf Scholz and President William Ruto in Nairobi.
The rand slumped to its weakest level on record against the dollar and government bond yields soared as a diplomatic row between South Africa and the US simmered, putting trade of as much as R400bn at risk.
The rand weakened to its worst level in three years and yields on local-currency bonds rose as concerns about South Africa’s continuing energy shortage and deteriorating economic outlook intensify among investors.
CPI rose by 4.9% from a year earlier — the first reading below 5% in two years
Coal mafias, graft and industrial sabotage are pushing the power monopoly closer to collapse