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Energy crisis looms over S.Africa's state-of-nation speech
Energy crisis looms over S.Africa's state-of-nation speech
by  AFP

South African President Cyril Ramaphosa will seek to lift the mood of a country encumbered by energy shortages and a sickly economy when he delivers his state-of-the-nation address Thursday. South Africans are despondent at the state of a country battered by a stagnant economy, mounting crime, dizzying unemployment rates, worsening inflation and water and electricity shortages.

Nissan keeps annual profit forecasts, cuts unit sales target
Nissan keeps annual profit forecasts, cuts unit sales target
by  AFP

Nissan maintained its full-year profit forecasts on Thursday, saying chip shortages and other Covid disruptions would hit sales volumes but that it would fight back through "strict financial discipline". But in the January-March quarter, Nissan "expects to offset the negative impact of volume decline by continued improvement in performance with strict financial discipline".

Unilever enjoys strong 2022 on higher prices
Unilever enjoys strong 2022 on higher prices
by  AFP

British consumer goods group Unilever said Thursday that 2022 profits soared as sales of its food and hygiene products leapt on higher prices fuelled by inflationary pressures. Unilever produces household food, cleaning and beauty products, including Magnum ice cream, Cif surface cleaner and Dove soap.

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