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January 19, 2018

Here’s what R100 buys you around the world right now

The rand is currently enjoying one of its longest winning streaks since 2002, with the currency trading at R12.37 to the dollar on Monday, 8 January.

Notably it has been on the front foot since December, supported by investors’ hopes that the newly elected leader of the ruling ANC, Cyril Ramaphosa, would push through business-friendly policies.

However, a Reuters poll held on Friday (5 January) found that the run is likely to end soon, with technical indicators now suggesting the rand is overbought.

There are also doubts about how much Ramaphosa, a promised reformer, can do for South Africa’s ailing economy, with the polled strategists saying that the rand is [...]

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December 7, 2017

Travelstart buys Cape Town’s SafariNow

Two of the biggest players in online travel in Africa are hooking up. Travelstart said on Wednesday that it is acquiring a majority stake in SafariNow.com, which it said is South Africa’s largest accommodation booking website.

The value of the deal, which will see Travelstart taking on SafariNow’s 40-person team, has not been disclosed.

SafariNow, which was founded in 1999, will stick to its core business of selling accommodation and retain its current brand, CEO, Tom Williams, and team, Travelstart said in a statement.

Travelstart and SafariNow both started operations in South Africa in 1999 and are established players in Africa’s online travel booking [...]

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December 7, 2017

Meet Little Foot – the most remarkable fossil discovery

After 20 years of excavating, cleaning, reconstructing and casting, the oldest virtually complete human ancestor in South Africa was finally unveiled on Wednesday.

The skeleton of Little Foot, who wasn’t so little at the time of her death, was unveiled at the University of Witwatersrand’s Evolutionary Studies Institute.

The man behind the epic discovery, Professor Ron Clarke, said Little Foot was nicknamed by Professor Phillip Tobias.

“If that one small bone wouldn’t have been found then we wouldn’t have Little Foot,” he said.

He described the discovery as being “one of the most remarkable fossil discoveries made [...]

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December 7, 2017

Cape tourism bucks up for grabs

Capetonians, bless them, have been a little smelly recently. The water-deprived residents have been walking about with unwashed hair as they’re restricted to two-minute showers – and that’s on a good day – and their town doesn’t smell so good either, City Press noted on a trip last week.

Despite the water crisis that has seen residents of the country’s oldest city limited to using 81 litres a day each, the Western Cape provincial government is going into overdrive to save its tourism industry, which is also suffering in the drought.

Fearing that the crisis will put tourists off, the province’s tourism, trade and investment agency, Wesgro, has gone into partnership with [...]

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