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2.5mn UAE consumers affected by cybercrime last year

  Dubai / Emirates Business Norton by Symantec (NASDAQ: SYMC), on Tuesday released findings from its annual Norton Cyber Security Insights Report, revealing 2.53 million consumers in the UAE have been victims of online crime in the past year as hackers take advantage of consumer complacency. The report shows that despite spending more than AED 5.2 billion (US $1.4 billion) ...

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S Africa slows N-plans as rating assessments loom

  Bloomberg South Africa delayed plans to build nuclear power plants as economic growth stalls, easing spending concerns as the country faces the risk of being cut to junk by credit-rating companies. The rand strengthened the most of major currencies against the dollar. The new timeline sees the first additional nuclear power plant coming on stream in 2037, compared with ...

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Edcon returns to profit as Bain cedes control of retailer

  Bloomberg Edcon Holdings Ltd. returned to profit in the second quarter after debt repayment costs eased following the exit of US private equity firm Bain Capital, while South Africa’s biggest clothing retailer cleared unwanted stock to boost sales during the busy festive period. Net income for the three months through September was 163 million rand ($11.5 million), the Johannesburg-based ...

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