Home Topics Mfuneko Toyana
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 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.
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.
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.
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.
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 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 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.
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 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 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.
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 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.
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 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 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 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.
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.
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 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.
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.
Eminent Nigerians on Tuesday paid tributes to the late Afenifere leader, Ayo Fasanmi, as his remains were interred in his country home in Iye Ekiti, Ilejemeje Local Government Area of Ekiti State.
Inter Milan coach Antonio Conte was snappy after ending the season with victory over Atalanta.
The Tanzania Civil Aviation Authority (TCAA) said in a statement that is has revoked approval granted to Kenya Airways to resume international flights to Tanzania "on reciprocal basis”.
Barcelona legend Ronaldinho is set to be released from house arrest in Paraguay after four months, according to a report in ESPN.
The Nigerian Ports Authority (NPA) on Tuesday said that 22 ships at the Lagos ports were discharging petroleum products and food stuff.