Tanzania, World Bank in partnership to boost economy

The World Bank has agreed to a USD 2.4 billion concessional loan for Tanzania which will enable the East African country to address failing infrastructure in the country and turn it into a bustling trade hub.

The organisation’s Group President Dr. Jim Yong Kim made the announcement in March during a three-day visit to the country. He supported Tanzanian President John Magufuli’s plan to move forward with robust development around the country’s public transport system, and service delivery in the areas of education and water and sanitation.

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Thousands call for 'DStv to fall' over price hike

Johannesburg - Thousands of DStv subscribers have threatened to cancel their contracts over its price hike for 2016.

In a statement on Tuesday, Multichoice said the depreciation of the rand since April last year had forced it to increase fees for it's DStv services.

DStv Compact, the company's baseline service, would be increasing by 8.15% to R345 come the 1st of April.

The most expensive DStv package -- DStv Premium -- would cost R759, a 8.58% hike.

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Watch it LIVE: Gordhan's Budget Speech 2016

Cape Town - Expectations are high that Minister of Finance Pravin Gordhan's budget speech will set South Africa on an even keel for what's predicted to be a rocky financial year ahead.

Carrying the expectations of the public to provide stability for the economy and get government's financial affairs in order, Mr. Gordhan is expected to increase tax and slash state expenditure.

In  2014, the Minister was fired from the role of Finance Minister and President Jacob Zuma replaced him with Nhlanhla Nene.

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Crippled rand causes petrol price increase

Johannesburg - The price of petrol is expected to increase on Wednesday by 6c/litre while all grades of diesel are expected to drop by 62c/litre.

The Department of Energy made the statement on Friday, saying international and local factors played a role in the price adjustment. 

The department said an oversupply of diesel contributed to the fuel's decrease in price.  "... the Northern Hemisphere experienced mild winter season compared to previous periods [and] China contributed to the situation by exporting diesel into the market."

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Public hearings to be held on Unemployment Insurance Bill

Cape Town - The Portfolio Committee on Labour is expected to hold public hearings into the Unemployment Insurance Amendment Bill (UI Bill), next week.

According to a statement, the Chairperson of the Committee Lumka Yengeni, said the intention of the Bill was to empower workers who have just lost their employment by extending the benefits they are usually entitled to after losing their jobs.

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The No.1 customer service rule

In 2016, for your business and the legacy of your business, make communicating to your customers the number one rule in your company.

That means, using the internet to find those who are both satisfied and dissatisfied with your service.

It seems like a time consuming task given the myriad demands running a business places on those in charge. Still, without customers, you have no business.

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