In City Press Business: Africa is optimistic; Prasa wants its locos back; No money for food

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In City_Press Business today: A court battle looms over ownership of 13 ill-fitting locomotives that were bought for R2.6bn; Working class families have resorted to spending at least 24% less on groceries due to increasing electricity and transport costs

Africa is optimistic about the future and working hard to embrace the rising tide of the fourth industrial revolution, but CEOs warn that a lack of skills development and a huge youth unemployment challenge will hamper the continent’s competitive ability.A court battle looms over ownership of 13 ill-fitting locomotives that were bought for R2.6 billion.

A devastating survey reveals that rising electricity and transport costs have taken a 24% chunk out of grocery spend. Many people end up with not enough food.With hot tea, Wi-Fi and soft sofas – not to mention native birds and a rippling dam – a new breed of luxury cemetery is reinforcing divides between Johannesburg’s haves and have-nots. Check the conditions, credit facilities are never really paid off and could cost you significantly more, writes Maya Fisher-French.

 

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