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Alexander Winning

A medical worker wearing personal protective equipment (PPE) takes a swab sample from a man, as South Africa starts to relax some aspects of a stringent nationwide coronavirus disease (COVID-19) lockdown in Diepsloot near Johannesburg, South Africa, May 8, 2020. REUTERS/Siphiwe Sibeko/File Photo

OECD: South Africa economy could contract 8.2% if second coronavirus wave hits

South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and its main trading partners, the OECD said on Friday.
The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast, January 30, 2020.REUTERS-Luc Gnago

AfDB approves $300 million loan to South Africa

The African Development Bank (AfDB) has approved a roughly 5 billion rand ($300 million) loan to the South African government to help it fight the COVID-19 pandemic and support its budget, the bank said on Wednesday.
A South African Airways (SAA) Airbus A320-200 aircraft is pictured after landing at Cape Town International Airport in Cape Town, South Africa December 9, 2019. REUTERS-Sumaya Hisham-File Photo

South African Airways creditors approve rescue plan

South African Airways (SAA) creditors approved a rescue plan for the struggling airline on Tuesday that requires at least 10 billion rand ($596 million) in new funding, throwing the ball into the government’s court to come up with the cash.
South African Airways has announced that it will continue to honour its flight obligations to cargo and evacuation flight customers all through this month.

South African court dismisses appeal against SAA layoff ruling

A South African court on Thursday dismissed an appeal by administrators in charge of South African Airways (SAA) against a ruling which prevented them from laying off staff.
Kenyan ministry of health medical workers prepare to take swabs from truck drivers during a testing for the coronavirus disease (COVID-19), at the Namanga one stop border crossing point between Kenya and Tanzania, in Namanga, Kenya May 12, 2020. REUTERS/Thomas Mukoya

In Africa, lack of coronavirus data raises fears of “silent epidemic”

When the new coronavirus hit Tanzania in mid-April, President John Magufuli called for three days of national prayer to seek God’s protection from the scourge. Barely a month later, he claimed victory over the disease and invited tourists to return to his East African nation.
Illustration photo shows a two-rand coin above a South African flag April 12, 2017. REUTERS-Thomas White-Illustration

South African rand opens stronger after positive data

South Africa’s rand opened stronger on Friday and was on course for gains of roughly 2% against the dollar this week, after the first current account surplus in 17 years and an upbeat U.S. jobs report.
Container ships wait to load and offload goods in port during a 21-day nationwide lockdown aimed at limiting the spread of coronavirus disease (COVID-19) in Cape Town, South Africa, April 17, 2020. REUTERS-Mike Hutchings

South Africa’s current account balance swings to a surplus in first quarter

South Africa’s current account balance swung to a surplus of 1.3% of gross domestic product (GDP) in the first quarter of 2020 from a deficit of 1.3% of GDP in the previous three months, central bank data showed on Thursday.

Botswana taps into strategic fuel reserves to ease shortages

Botswana has tapped into its strategic fuel reserves to alleviate shortages caused by import delays during the coronavirus crisis and also what the government has called panic-buying.
South African Airways has announced that it will continue to honour its flight obligations to cargo and evacuation flight customers all through this month.

South African government agrees to fund SAA rescue – draft plan

The South African government has agreed to fund a restructuring of South African Airways (SAA), if a business rescue plan for the struggling state-owned airline is adopted, a copy of the draft plan showed on Monday.
Members of The South African National Defence Force (SANDF) keep watch as South Africa lifts a lockdown lasting two months, to try to revive the economy amid the spread of the coronavirus disease (COVID-19) outbreak, in Soweto, South Africa June 1, 2020. REUTERS/Siphiwe Sibeko

South Africa partly lifts lockdown to try to fix battered economy

South Africa partly lifted a two month-old coronavirus lockdown on Monday, letting people outside for work, worship, exercise or shopping, and allowing mines and factories to run at full capacity to try to revive the economy.

South African Airways administrators request further delay for rescue plan

Administrators at South African Airways have asked creditors to approve an extension until June 8 for the publication of a business rescue plan for the struggling state airline, a letter seen by Reuters said.
Electricity pylons are seen along the cooling tower of the defunct Orlando Power Station in Soweto, South Africa, June 28, 2018. REUTERS-Siphiwe Sibeko

South African state asset manager proposes converting Eskom bonds into equity – chairman

South African state asset manager the Public Investment Corporation (PIC) has submitted a proposal to government on converting bonds it holds in struggling state utility Eskom into equity, PIC chairman Reuel Khoza told Reuters in an interview.
Denel company logo is seen at the entrance of their business divisions in Pretoria, South Africa, December 4, 2018. REUTERS-Siphiwe Sibeko-File Photo

South Africa’s Denel says can’t pay staff salaries in May

Denel, which makes military hardware for the South African armed forces and clients around the world, added in a statement to reporters that it was talking to the government to try
South African Airways has announced that it will continue to honour its flight obligations to cargo and evacuation flight customers all through this month.

South African Airways administrators will not sell assets without involving government – memorandum

Administrators at state-owned South African Airways (SAA) will not sell assets for an interim period without involving the government, a memorandum signed by one of the administrators and the public enterprises ministry showed.
South African President Cyril Ramaphosa visits the coronavirus disease (COVID-19) treatment facilities at the NASREC Expo Centre in Johannesburg, South Africa April 24, 2020. Jerome Delay-Pool via REUTERS-File Photo

President Ramaphosa: South Africa to ease coronavirus restrictions cautiously

South African President Cyril Ramaphosa said on Wednesday he aimed to further ease restrictions imposed to curb the new coronavirus, but places with the most infections likely would remain into June on “alert level 4” of a five-level system.
Electricity pylons carrying power from Koeberg nuclear power plant are seen in Cape Town, South Africa, file. REUTERS-Sumaya Hisham

South Africa’s Eskom to fix design flaws at mammoth coal plants

South African state utility Eskom plans to correct design defects at all units of its mammoth Medupi and Kusile coal-fired power stations, it said on Monday, after completing modifications on one of the plants’ units.
A South African Airways (SAA) plane is towed at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020. REUTERS-Rogan Ward-File Photo

South African Airways layoff deadline suspended pending court ruling

The deadline for South African Airways (SAA) staff to agree layoff terms has been suspended while a judge considers his ruling in a court case brought by two trade unions at the cash-strapped airline.
Koeberg Nuclear Power Plant. 21 August 2010. Wikimedia Commons-Paul Scott

South Africa to develop plan for new 2,500 MW nuclear plant

South Africa will soon start developing a plan for a new 2,500 megawatt (MW) nuclear power plant, the energy ministry told lawmakers on Thursday.

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