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South African Health Minister Dr Zweli Mkhize speaks at Parliament in Cape Town, South Africa, March 5, 2020. Reuters-Sumaya Hisham-File Photo

Coronavirus cases slow in South African hotspot provinces – minister

Three South African provinces considered coronavirus hotspots have seen new infections slow in recent weeks, though it is too early to say whether the country’s peak has passed, the health minister said on Wednesday.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand steadies as investors seek fresh recovery signals

South Africa’s rand firmed slightly early on Tuesday, pausing after a five-session long steep slide as demand for U.S. dollars eased, and waited for new signals on the pace of a global economic recovery that has stalled in recent days.
ANC member Lindiwe Zulu reacts as she waits for the election results during the 54th National Conference of the ruling African National Congress (ANC) at the Nasrec Expo Centre in Johannesburg, South Africa December 18, 2017. REUTERS

South Africa will not have universal basic income grant this year – minister

South Africa will not implement a universal basic income grant until at least March, Social Development Minister Lindiwe Zulu said in an interview on Friday, rolling back a pledge to have it ready by October.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand up before central bank’s rate decision

The South African Reserve Bank concludes its three-day policy meeting on Thursday, with most analysts expecting it to cut rates by 25 basis points but some forecasting no change.
Workers sort online orders before they are delivered to customers from a Checkers store, amid a nationwide coronavirus lockdown, in Johannesburg, South Africa, July 14, 2020. Picture taken July 14, 2020. REUTERS-Siphiwe Sibeko

South Africa’s retail sales plunge in April and May after hard lockdown

South Africa’s retail sales plunged by a record 50.4% in April and 12% in May, data showed on Wednesday in the latest evidence of the impact of the early, stricter phase of the country’s coronavirus lockdown.
South African rand notes in a file photo. REUTERS-Siphiwe Sibeko

South Africa’s rand flat as coronavirus infections climb

The rand rallied most of last week and early this week, reaching one-month highs. But momentum has since stalled as coronavirus infections rose around the world, especially in the United States, and local cases breached 200,000.
South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg. REUTERS-Siphiwe Sibeko

South Africa’s rand firms as growth, vaccine hopes drive mood for risk

South Africa’s rand firmed in early trade on Wednesday ahead of consumer inflation data and as hopes of economic recovery increased global risk appetite.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand recovers but caution remains, stocks slip

South Africa’s rand recovered in afternoon trade on Friday, after sliding earlier due to concerns about rising COVID-19 cases both at home and abroad.
Passengers walk past an AirNamibia aircraft at the Hosea Kutako International Airport, outside Windhoek in Namibia February 24, 2017. REUTERS-Siphiwe Sibeko

Air Namibia allowed to fly again after court suspends licence cancellation

Air Namibia will be allowed to temporarily operate commercial flights after a court late on Wednesday suspended the cancellation of its air licence, the airline said on Thursday.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand edges firmer in cautious early trade

South Africa’s rand edged firmer in tentative early trade on Wednesday, as investors weighed a surge in coronavirus infections in key global centres and more signs of a creaking local economy.
The Monetary Policy Committee (MPC) of the South African Reserve Bank decided to cut the repo rate by 100 basis points. This takes the repo rate to 4.25 per cent per annum, the bank said in a statement.

South African central bank reduces bond purchases to R5 billion in June

The South African central bank reduced its government bond purchases to 5 billion rand ($292.64 million) in June, half the monthly average, bringing its bond holdings to 35.9 billion rand, data showed on Tuesday.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa rand up as risk appetite revives

Rising coronavirus infections in the United States have discouraged some investors from taking big positions in the currency market, but most remain focused on the growing likelihood that major economies will continue to recover.
Opposition Malawi Congress Party leader Lazarus Chakwera addresses supporters after a court annulled the May 2019 presidential vote that declared Peter Mutharika a winner, in Lilongwe, Malawi, February 4, 2020. REUTERS-Eldson Chagara-File Photo

Malawi’s election cheer dampened by coronavirus surge

Malawi’s new President Lazarus Chakwera on Saturday ordered his inauguration ceremony be scaled down amid a surge of coronavirus cases, dampening excitement around his election win.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand rises as easing lockdowns lift emerging-market currencies

South Africa’s rand gained early on Monday as demand for emerging-market currencies was boosted by further easing of lockdown regulations globally, while a rally in gold prices also helped commodity-linked currencies.
A street money changer counts South African Rands in Harare, Zimbabwe, file. REUTERS-Philimon Bulawayo

South Africa’s rand creeps higher as dollar rally stalls

South Africa’s rand edged up early on Friday after plunging the day before, helped by reviving demand for commodities and investors looking to take profits from a recent dollar rally.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand weaker as global economic worries weigh

South Africa’s rand weakened early on Thursday as demand for emerging currencies continued to ebb due to growing concerns over the impact of the coronavirus on the global economy.
South African Finance Minister Tito Mboweni gestures as he delivers his budget speech at the parliament in Cape Town, South Africa, February 26, 2020. Reuters-Sumaya Hisham

South Africa’s treasury schedules June 24 for coronavirus budget

South Africa’s National Treasury on Wednesday said it would table a new budget on June 24 to ratify plans for a 500 billion rand ($27 billion) stimulus package aimed at easing the economic impact of the coronavirus outbreak.
South Africa’s rand firmed against the dollar early on Wednesday after President Cyril Ramaphosa announced a 500 billion rand ($26.41 billion) rescue package on Tuesday evening to cushion the economic blow of the COVID-19 pandemic.

South Africa’s rand firms on optimism over relaxing coronavirus restrictions

South Africa’s rand firmed in early trading on Wednesday, as investors stayed optimistic about chances for easing lockdown restrictions in some countries despite worrying increases in new coronavirus cases.

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The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Governor Osagie: We do not stuff dollars in babaringa in Edo

The Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr. Crusoe Osagie, has said Governor Godwin Obaseki delivers sustainable projects to better the lives of Edo people and does not go about stuffing dollars in babariga, like the Kano State Governor, Abdullahi Ganduje.

Kaduna attacks: Senator Shehu Sani urges concerted efforts by government, security agencies

Malam Shehu Sani, who represented Kaduna Central in the Senate from 2015 to 2019, has called on the Kaduna state government and security agencies to seek out better strategies toward ending killings in the state.
Governor David Nweze Umahi

Ebonyi governor urges President Buhari to increase Nigerian Army funds

Governor David Umahi of Ebonyi State, Friday, called on President Muhammadu Buhari to increase funding and logistics to the Nigeria Army, rather than contemplating sacking the Service Chiefs.
A security officer wearing a face mask to protect against the coronavirus stands outside the Canadian Embassy in Beijing, China on Aug. 6, 2020. Mark Schiefelbein-AP

Canadian sentenced to death on drug charges in China

China sentenced another Canadian to death on drugs charges Friday, the second in two days to be handed the punishment, as tensions soar between Beijing and Ottawa.
Fifteen passengers and a pilot have been reported dead after an Air India Express flight skidded off the runway at Calicut international airport in Kerala.

Many feared dead as Indian plane crashes

Fifteen passengers and a pilot have been reported dead after an Air India Express flight skidded off the runway at Calicut international airport in Kerala.