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A spate of corruption scandals during the COVID-19 pandemic has further fuelled some South Africans’ frustration with the ruling African National Congress (ANC) party and its failure to tackle graft despite renewed promises from President Cyril Ramaphosa.
Coronavirus-related bad debts have set South African banks’ profits back by around a decade or more and they are unlikely to recover for at least three years, two top executives told Reuters, as the economy struggles with recession.
South Africa’s headline consumer inflation quickened to 3.2% year-on-year in July from 2.2% in June, data from Statistics South Africa showed on Wednesday.
South Africa’s rand fell to its weakest in more than three weeks on Monday, as fears about the economic fallout from rising COVID-19 cases dented investors’ appetite for riskier assets.
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.
South Africa’s rand firmed against the dollar early on Wednesday, ahead of domestic consumer price inflation figures and the U.S. Federal Reserve’s monetary policy decision.
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 Africa’s manufacturing output fell 49.4% year on year in April during a nationwide lockdown, after contracting by a revised 5.5% in March, the statistics agency said on Thursday.
Malawi’s new President Lazarus Chakwera pledged to clamp down on corruption on Monday, as he delivered his inauguration speech in a scaled-down ceremony dampened by a surge in COVID-19 cases.
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.
The South African rand fell against the dollar in early trade on Tuesday, amid growing concerns over U.S.-China tensions and rising violent protests across the United States.
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.
A raft of South African tobacco companies, activists and associations are seeking legal action over the ban on cigarette sales during the country’s coronavirus lockdown.
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.
Growth in private sector credit in South Africa in April slowed to 7.37% year on year from a revised 7.75% in March, central bank data showed on Friday.
South Africa’s rand weakened against the dollar early on Friday as investors monitored the latest U.S. response to China tightening its control over the city of Hong Kong.
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.
South African maize farmers are expected to harvest more maize in 2020 compared with the previous season on the back of favourable weather conditions, a Reuters survey showed on Tuesday.
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Farmers in Nasarawa, numbering more than 500, have received subsidised farming inputs to aid food production and ensure food sufficiency and security in the state.
The Edo State Government has said that the suspension of schools’ resumption is applicable to all educational institutions in the state.
According to Don Balon, Pogba doesn’t feel as appreciated or “loved” by the club as some other star players like Bruno Fernandes and Marcus Rashford, and that could play a part in his departure.
A statement by the command spokesman, DSP Abimbola Oyeyemi said the three men; Samuel Sunday, a 20 years old resident of Fagba in Lagos State, Adeleke Mustapha; a 22years old resident of Ajala area of Lagos State and Joel Rotimi, a 19 years old resident of Taju Bello street Agbado, Ogun state were arrested on Thursday, 14 January 2021.
U.S. Senator Kamala Harris of California will resign from the Senate on Monday in preparation for her inauguration as Joe Biden’s vice president on Wednesday, according to aides familiar with her plans.
Gov. Abdullahi Sule of Nasarawa has approved the re-opening of all schools in the state with effect from Monday, Jan. 18.
The Niger State Government on Sunday urged political parties contesting in the forthcoming Magama/Rijau House of Representatives by-election to embark on peaceful campaign.
The Order of The Knights of Saint Mulumba Nigeria (KSM) has condemned the stance of the Federal Government on the ‘Apologize or quit Sokoto’ threat issued to the Catholic Bishop of Sokoto Diocese, Hassan Kukah, by the Muslim Solidarity Forum.
President Donald Trump’s former personal doctor — who claimed Trump had dictated a letter insisting he would be the “healthiest” president ever — has died, reports said Thursday.
The Kaduna State Government clarified that report emerging across several blogs and websites, alleging that an unspecified number of traders from Kano State were kidnapped on the Kaduna-Abuja Road, is not true.