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Tito Mboweni

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.
Finance minister Tito Mboweni is expected to unveil an emergency budget with major changes to spending and revenue forecasts in parliament on Wednesday.

New Development Bank provides South Africa with $1 billion coronavirus loan

The New Development Bank established by the BRICS group of emerging nations has approved a $1 billion COVID-19 emergency loan to South Africa to help reduce the socio-economic impacts of the pandemic, the National Treasury said on Saturday.
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.

Rand firms as South Africa announces coronavirus rescue package

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.
Customers get a haircut ahead of a nationwide 21-day lockdown in an attempt to contain the coronavirus disease (COVID-19) outbreak in Waterfall, South Africa, March 26, 2020. REUTERS-Rogan Ward

South Africa announces tax relief for business hit by virus

South Africa’s National Treasury said on Sunday it was introducing a new tax subsidy of 500 rand ($28) per month for each worker to employers for the next four months to cushion financial losses suffered by firms due to the coronavirus.

South Africa may approach the IMF for “health funding”

South Africa may approach the International Monetary Fund and World Bank for funding to fight the coronavirus that threatens to drag the country’s economy deeper into recession, Finance Minister Tito Mboweni said in the Sunday Times newspaper.

South African trade unions dig in for fight over public sector wages

South African trade unions are digging in for a fight over public sector wages, after they rejected the government’s latest attempt to renegotiate a previously agreed pay increase for the fiscal year starting in April.
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.
Workers at South African Airways (SAA) downed tools on Friday to demand higher wages and protest planned job cuts in a strike that has forced the troubled state-owned carrier to cancel all flights and left its future hanging in the balance.

South African Airways hit by crippling strike

South African Airways workers on Friday embarked on an indefinite strike for higher wages and against the national carrier's retrenchment plan, forcing the cash-strapped airline to ground hundreds of flights.
South African Minister of Mineral Resources and Energy Gwede Mantashe has denied bribing journalists to withhold a story about his sex life, TimesLive reports.

South African minister denies bribing journalists to make story about sex life disappear

South African Minister of Mineral Resources and Energy Gwede Mantashe has denied bribing journalists to withhold a story about his sex life, TimesLive reports.
Eskom

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.
South Africa's President Cyril Ramaphosa has appointed 50 percent women in his new cabinet, a first for Africa's second biggest economy.

South Africa’s Cyril Ramaphosa appoints 50 percent women in new cabinet

South Africa's President Cyril Ramaphosa has appointed 50 percent women in his new cabinet, a first for Africa's second biggest economy.
Tito Mboweni

South Africa announces $1.6 billion bailout to keep lights on

South Africa’s Finance Minister Tito Mboweni announced Wednesday a $1.6 billion-a-year bailout for the country’s electricity utility in a bid to stave off further downgrades to Pretoria’s credit rating as he unveiled a new budget.
Tito Mboweni

South Africa exits recession ahead of 2019 polls

South Africa broke free of recession on Tuesday when it reported GDP growth of 2.2 per cent for the third quarter, the statistics authority said, marking a positive economic trajectory ahead of elections.
The Vice President, Prof. Yemi Osinbajo, on Friday attended the funeral service of late Pastor Oluwayemisi Adeloye of the Redeemed Christian Church of God (RCCG).

Yemi Osinbajo: N-Power to train 10 million Nigerian graduates by 2023

Vice President Yemi Osinbajo has said that N-Power Programme introduced by the Federal Government is targetted to train 10 million Nigerian graduates by 2023.
Nhlanhla Nene

South Africa’s Nhlanhla Nene resigns as finance minister

The Federal Road Safety Corps (FRSC) on Tuesday inducted 85 successful applicants as Special Marshals in Ebonyi.

Ibrahim Gambari, Nasir El-Rufai appointed to Oxford University’s Africa Board

The oldest university in the English-speaking world, Oxford University, has appointed Nigeria’s former External Affairs Minister, Professor Ibrahim Gambari and the Governor of Kaduna State, Mallam Nasir El-Rufai, to the International Advisory Board of its African Studies Centre.

South African court orders Jacob Zuma to pay costs for challenging watchdog

South Africa’s High Court ordered President Jacob Zuma on Wednesday to pay legal costs for trying to avoid a demand from the anti-corruption watchdog for an official inquiry into alleged influence-peddling in his government.

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The National Coordinator of the Presidential Task Force (PTF) on COVID-19, Dr Sani Aliyu, says restriction measures like social distancing, and wearing of face masks need to continue during the period of Ramadan, which is around the corner.

PTF: Coronavirus positive cases gradually coming down

Dr Sani Aliyu, the Coordinator, Presidential Task Force (PTF) on COVID-19, has said that positive cases of the Coronavirus (COVID-19) gradually coming down as the daily results now revolves around 400.
Liverpool have completed the signing of Olympiakos defender Konstantinos Tsimikas.

Liverpool complete signing of Konstantinos Tsimikas

Liverpool have completed the signing of Olympiakos defender Konstantinos Tsimikas.

Lagos petrol tanker drivers suspend strike

The National Union of Petroleum and Natural Gas Workers has suspended its strike in Lagos State.
Governor Willie Obiano

APC pleads with Anambra governor to reinstate suspended monarch

The All Progressives Congress (APC) Anambra chapter, has pleaded with Gov. Willie Obiano of Anambra to reinstate Traditional Ruler Peter Uyanwa of Ukwulu community of Dunukofia Council Area of the state, suspended late July.
President Nayib Bukele on Monday announced that El Salvador will give immunity passports to people who have recovered from COVID-19.

El Salvador to give immunity passport to those who recovered from coronavirus

President Nayib Bukele on Monday announced that El Salvador will give immunity passports to people who have recovered from COVID-19.