South Africa's rand firms as country secures COVID-19 vaccines
JOHANNESBURG (Reuters) – South Africa’s rand firmed on Friday, as investors found some comfort in news that the country has secured COVID-19 vaccines [...]
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S.African regulator asks public to comment on government's nuclear plan
JOHANNESBURG, Nov 23 (Reuters) – South Africa’s energy regulator on Monday invited the public to comment on a government plan to procure new [...]
'Painful' downgrades will raise South Africa's borrowing costs, minister says
JOHANNESBURG (Reuters) – South Africa’s finance ministry said on Saturday credit ratings downgrades by Moody’s and Fitch would increase the country’s borrowing costs [...]
UPDATE 2-SAA creditor meeting called after govt misses funding deadline
* Airline under bankruptcy protection since December * COVID-19 pandemic exacerbates longstanding woes * Funding for restructuring yet to materialise * Creditor meeting [...]
South African human rights lawyer George Bizos dies at 92
JOHANNESBURG (Reuters) – Noted South African lawyer George Bizos, who defended Nelson Mandela in many of his trials during the anti-apartheid struggle and [...]
UPDATE 4-South African economy plunged during strict lockdown
* S.Africa imposed one of world’s toughest lockdowns * Records largest annualised GDP contraction ever * Big declines apart from for agriculture * [...]
UPDATE 2-South African power cuts worsen on cold weather, breakdowns
(Adds power cuts to continue throughout this week) JOHANNESBURG, Sept 2 (Reuters) – South African state power utility Eskom ramped up power cuts [...]
UPDATE 1-South African state firms request bailouts over COVID-19
(Adds detail, context) JOHANNESBURG, Sept 1 (Reuters) – South African state companies have requested billions of rand in funding from the government to [...]
South Africa's Denel not planning to seek further bailouts
* State arms firm grappling with liquidity crisis * Faces large debt maturities next month * Interim CEO says no need for bankruptcy [...]
South Africa investigates COVID-linked corruption of $290 million
CAPE TOWN (Reuters) – South African authorities are investigating government departments for graft over irregularities in coronavirus-related tenders worth 5 billion rand ($290 [...]