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Mfuneko Toyana

South Africa pledges wage freeze but sees debt peaking at higher level

Oct 28 2020

CAPE TOWN The South African government pledged to freeze public sector wages for the next three years to contain a yawning budget deficit but forecast that debt would peak at a higher level in a mid-term budget unveiled on Wednesday.

UPDATE 3-South Africa pledges wage freeze but sees debt peaking at higher level

Oct 28 2020

* Airline SAA gets 10.5 bln rand for rescue plan (Adds detail on debt trajectory, union reaction)

Uber launches medicines delivery service in South Africa

Oct 15 2020

JOHANNESBURG Uber Eats' South African unit on Thursday expanded delivery offerings, launching an app-based over-the-counter medicines service as it seeks to claw market share in the fast-growing online shopping sector in Africa's most industrialised economy.

Hackers hit South African government fund for children and missing people

Sep 30 2020

JOHANNESBURG, Sept 30 Hackers attacked a South Africa's justice department fund last week, the department said on Wednesday, but said it did not receive any ransom demands.

AstraZeneca resumes COVID-19 vaccine trials in South Africa, health department says

Sep 15 2020

JOHANNESBURG AstraZeneca has resumed COVID-19 vaccine trials in South Africa, more than a week after tests were paused due to serious side effects in a participant in Britain, an official at the country's Department of Health told Reuters on Tuesday.

UPDATE 4-South African economy plunged during strict lockdown

Sep 08 2020

* COVID-19, power problems mean outlook bleak (Adds Ramaphosa comment, context)

South Africa will not have universal basic income grant this year, minister says

Jul 31 2020

JOHANNESBURG 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.

Power cuts return, adding to frustrations in COVID-weary South Africa

Jul 22 2020

JOHANNESBURG Keitumetse Modise was already struggling to juggle her appointments as a freelance beautician while home-schooling her daughter during South Africa's nearly four-month-old COVID-19 lockdown. The last thing she needed was the lights going out. | Video

South Africa's recession deepens in first quarter as mining plummets

Jun 30 2020

PRETORIA South Africa's recession deepened in the first quarter of 2020, with official data on Tuesday showing that gross domestic product contracted 2% from the previous three months, led by declines in mining and manufacturing.

South Africa's unemployment rate hit record high before virus

Jun 24 2020

PRETORIA/JOHANNESBURG South Africa's unemployment rate hit a record high in the first quarter of this year as key sectors including agriculture shed jobs, data showed on Tuesday, highlighting weakness in the economy even before it was battered by the COVID-19 pandemic. | Video

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