Tag: South Africa

Gaborone-based retailer, Choppies, plans to close supermarkets in South Africa, Three African Countries 

  Choppies Enterprises Ltd. will close its supermarkets in several African nations to concentrate on growth in Botswana, where it’s listed. The Gaborone-based retailer plans to close supermarkets in South Africa,…

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Graft Shows Ramaphosa’s Shaky hold on South Africa’s, as ANC Divided over probe tainted supply contracts

South African President Cyril Ramaphosa’s tenuous control of the ruling party was laid bare at the weekend when its leaders rebuffed his proposal to probe allegedly tainted state contracts for…

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COVID -19: Experts Say South Africa Deaths Higher Than Reported , analysis shows ‘huge discrepancy’

Medical researchers in South Africa found a “huge discrepancy” between the country’s confirmed Covid-19 fatalities and the number of excess natural deaths, providing further evidence that the number of people who have…

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RMB CEO Implores South African Leaders to Heed Mboweni Warnings

South African Finance Minister Tito Mboweni could do with extra help from his cabinet colleagues in pushing the reforms needed to rejuvenate economic growth. That’s the view of James Formby,…

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South Africa Receives $1 Billion Covid-19 Loan From NDB

South Africa received the $1 billion emergency loan that it secured from the New Development Bank to assist in fighting the coronavirus pandemic on July 20, according to the National Treasury. The…

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Why South Africa May Give in to IMF By Introducing Debt Ceiling

Country ‘open to’ a debt limit, Mboweni and Kganyago say  Measures to rein in debt to be introduced from fiscal 2022 South Africa may introduce a debt limit in its…

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As Covid-19 Infactions Surge , South Africa to close schools Again

South Africa plans to shutter schools for a second time as the number of Covid-19 cases surges, according to two people familiar with the matter. South African President Cyril Ramaphosa…

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South African Airways Creditors Approve $1.6 Billion Rescue

South African Airways creditors and unions approved a rescue plan that includes at least 26.7 billion rand ($1.6 billion) in state funding and thousands of job losses. Voters representing about 86%…

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For a Third Consecutive Quarter,South African Economy Shrinks

GDP shrank 2% in period though March from previous quarter South Africa’s economy contracted for a third straight quarter, although the decline was less than expected. Gross domestic product shrank…

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In Hostage Situation, Five Killed at South Africa Church

Johannesburg (AP) -- Five people are dead and more than 40 have been arrested after an early-morning hostage situation at a long-troubled church near Johannesburg, police in South Africa said…

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