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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.
Electricity pylons carrying power from Koeberg nuclear power plant are seen in Cape Town, South Africa, on July 11, 2018. REUTERS-Sumaya Hisham-File Photo

South Africa consults with industry on nuclear power plans

South Africa’s energy ministry on Sunday began consultations with industry on preparations for a proposed 2,500 megawatt (MW) nuclear power plant building programme, which has faced opposition from environmental campaigners.
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.
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.
Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday.

Zimbabwe tenders for 500MW solar power plants in renewable energy drive

Zimbabwe’s state power transmission company has invited bids for the construction of 500 megawatts (MW) of solar power plants as part of a drive to increase its use of renewable energy and end power cuts.
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.
South African Rand

South African rand weaker on rescue package funding worries

South Africa’s rand was weaker early on Tuesday, reflecting worries over how the country will fund a 500 billion-rand ($26.5 billion) rescue package for its bruised economy.
Energy minister Gwede Mantashe on Thursday tweaked regulations for generators with a capacity of less than 1 megawatt (MW), effectively exempting them from the need to obtain a licence from the regulator

South Africa tweaks rules for small-scale power producers

South Africa has eased regulations govening small-scale power producers as part of efforts to tackle the country’s energy problems, but industry experts said the changes did not go far enough.
A member of the South African National Defence Force keeps watch as shoppers leave the Shoprite grocery store after being ordered by law enforcement, on the first day of a nationwide lockdown for 21 days to try to contain the coronavirus disease (COVID-19) outbreak, in Alexandra, South Africa, March 27, 2020. REUTERS/Siphiwe Sibeko

South Africa struggles with lockdown as it records first coronavirus death

Bustling streets and long queues at supermarkets highlighted South Africa’s struggle to adapt to a new lockdown on Friday, as the country recorded its first coronavirus death.
Koeberg Nuclear Power Plant. 21 August 2010. Wikimedia Commons-Paul Scott

South Africa’s Eskom ramps up power cuts after fault at nuclear plant

South African state power utility Eskom ramped up power cuts on Tuesday, after it disconnected a unit at its Koeberg nuclear power plant outside Cape Town because of a fault with the plant’s turbine system.
All eyes will thus be on Finance Minister Tito Mboweni as he is expected to scale back public spending and find ways to raise revenue.

South African finance minister to walk budget tightrope

South Africa's finance minister is expected to walk a tightrope during the annual budget presentation to parliament on Wednesday, as the economy teeters on the edge of a fiscal cliff.
Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday.

Miners welcome South Africa’s plans to open up power generation

South Africa’s announcement that it will open up electricity generation to other players, effectively breaking Eskom’s monopoly, has been welcomed by many, especially the mining industry, a key sector in Africa’s most industrialised economy.

South Africa’s power crisis shuts down mines across country

Power blackouts in South Africa caused by flash flooding have shut down mining operations across the country, several mining companies said on Tuesday.
FILE PHOTO- Mulugeta Desalegn, an owner of a convenience store, or “spaza shop”, picks an item for a customer as he holds a candle, in Senaone, Soweto, South Africa March 18, 2019. REUTERS-Siphiwe Sibeko-File Photo

South Africa hit by rolling blackouts as state utility struggles

South Africa was hit by rolling blackouts on Wednesday in a blow for the continent’s most developed economy as it shows signs of rebounding.
South African Rand

South African rand flat as investors await GDP data

South Africa’s rand traded sideways on Monday, with investors holding fire ahead of second quarter economic growth figures that could help gauge the future direction for the currency.

Fitch downgrades South Africa’s credit rating

Ratings agency Fitch downgraded the outlook for South Africa’s sub-investment credit rating on Friday, citing fiscal pressures including increased support for struggling state firms such as the power utility Eskom.
Okezie Ikpeazu

Abia governor reassures on job creation

Gov. Okezie Ikpeazu of Abia on Monday reiterated the resolve of the state government to tackle unemployment through formulating programmes and policies that would boost job creation.

South Africa allocates extra $4.2 billion bailout for cash-strapped Eskom

The South African Government has allocated an extra 59 billion rand ($4.24 billion) to struggling state-owned power utility, Eskom, over the next two years so it can service its debt, a special appropriation bill seen by Reuters on Monday showed.

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Manu Garba: Victor Osimhen will be big hit for Napoli in Serie A

“Having worked with Osimhen in the national Under-20 team that failed to qualify for the World Cup in 2017, I know he has the quality and ability to succeed in any league in the world. I have always known he will go places, so I am not surprised Napoli spent so much to get his signature,” Garba said.

Nigerian Breweries earns N152 billion revenue in six months

Nigerian Breweries Plc says it earned a revenue of N152 billion for the half-year (H1) ended June 30, 2020.
Leon Balogun made his debut while Joe Aribo was in action as Glasgow Rangers secured a 1-0 win over Aberdeen in their first game of the 2020-21 season.

Leon Balogun hails Rangers duo after impressive win vs Aberdeen

Rangers’ new defender savoured his opening Scottish Premiership experience with an impressive performance in his side’s 1-0 win at Aberdeen, courtesy of Ryan Kent’s first-half strike.
Delta Governor, Senator (Dr) Ifeanyi Okowa (2nd right), Commissioner for Culture and Tourism, Lawrence Ejiofor (right), Commissioner for Housing, Chief Festus Ochonogor (1st left), and Arc. Kester Ifeadi, project consultant, (2nd left), during the Governor’s inspection of the Leisure Park and Film village under construction in Asaba Monday

Governor Okowa: We‘ll boost Delta economy through projects

Delta State Governor Dr. Ifeanyi Okowa, on Monday, assured that the state government would continue to give priority attention to projects that would boost the economy and enhance the living condition of the people.
The Federal Capital Territory (FCT) administration has raised alarm over rising cases of insecurity and vandalism in the territory. Abuja

FCTA directs schools to re-open for graduating class students Tuesday

The Education Authority, Federal Capital Territory Administration (FCTA) has directed all schools in Abuja to re-open academic activities for students in graduating classes on Tuesday.