News

Oil rises more than 1% on hopes for economic recovery

NEW YORK (Reuters) - Oil prices were up more than 1% on Monday on positive economic data from the United States, Europe...

South African Grace tests positive for COVID-19 at Barracuda Championship

“While it is unfortunate given my position on the leaderboard, the most important thing is our health.”

South Africa’s COVID-19 cases surpass half a million

Just over 3 million people have so far been tested for the virus in South Africa, which confirmed its first case five months ago, and 8,153 deaths have been recorded. Africa has recorded 934,558 cases, 19,752 deaths and 585,567 recoveries, according to a Reuters tally.

Zimbabwe businesses closed, streets deserted on day of protests

Critics say Mnangagwa is exploiting a COVID-19 lockdown to stifle dissent. Mnangagwa imposed an overnight curfew and restricted free movement last week to curb coronavirus infections.

Zimbabwe’s security forces clear streets ahead of planned protests

Activists have called for street rallies across the country on Friday over corruption in government and economic hardships. Soaring inflation has eroded salaries and pensions.

The last survivor of a defiant dance with death and Nelson Mandela is laid to rest.

Ironically Mlangeni spent a lifetime in prison for doing nothing wrong. The authorities transferred the sabotage of the late defence minister Joe Modise to Mlangeni's charge sheet and never even bothered to question him about it in court.

Global airlines less hopeful on COVID-19 recovery

Business travel may also face a sustained slump, threatening the profitability of long-haul airlines and routes as corporate clients rein in spending and make greater use of video-conferences that have become the norm during lockdowns.

Adesina cleared to stand for a second term at the AfDB as probe exonerates him

When Adesina was elected, in 2015, he was seen as a breath of fresh air in development finance in the continent. He had studied in the United States, the same university that produced astronaut Neil Armstrong, and slogged his way up through development work in Africa and a stint as the agriculture minister of Nigeria – the country of his birth. He promised action and spoke passionately about Africa

IMF approves $4.3 bn to help South Africa fight COVID-19

Three million South Africans have lost their jobs - nearly a third of the working population with formal jobs. Economists fear many more jobs could be lost as cash-strapped companies go down like dominoes.

Amplats profit falls as COVID-19 shutdowns weigh, sees H2 output recovery

Amplats said the possibility of further COVID-19 shutdowns, repairs at its plant and power outages could impact its ability to meet year end guidance of 3.1 to 3.6 million PGM ounces.

Sign up for free newsletters and get more CNBC delivered to your inbox