United States

Olivia Kumwenda-Mtambo

Africa's cases of COVID-19 top 1 million: Reuters tally

Aug 07 2020

JOHANNESBURG Africa's confirmed cases of COVID-19 have surpassed 1 million, a Reuters tally showed on Thursday, as the disease began to spread rapidly through a continent whose relative isolation has so far spared it the worst of the pandemic. | Video

UPDATE 2-South African central bank cuts lending rate by 50 basis points

May 21 2020

* Analysts see another 50 bps cut this year (Adds analysts' quotes and background)

UPDATE 1-S.African govt extends deadline for SAA severance deal to May 1

Apr 25 2020

JOHANNESBURG, April 25 South Africa's government and specialists appointed to try to save the state-owned airline have agreed to extend a deadline for trade unions to agree staff severance terms, a letter from the public enterprises department showed on Saturday.

South Africa has not approached IMF for emergency funding - fund official

Apr 14 2020

JOHANNESBURG, April 14 South Africa has not approached the International Monetary Fund (IMF) for emergency financing to help it fight the COVID-19 pandemic that threatens to push the economy deeper into recession, an IMF official said on Tuesday.

UPDATE 3-Moody's downgrade to 'junk' adds to South Africa pain

Mar 27 2020

* Delay to WGBI rebalancing could cushion blow (Adds analyst, finance minister quote, details)

South Africa braces for lockdown as coronavirus cases spike to 554

Mar 24 2020

JOHANNESBURG South African businesses braced for a nationwide lockdown and panic buyers stockpiled food and other essentials on Tuesday as the number of confirmed coronavirus cases jumped to 554 from 402 a day earlier. | Video

UPDATE 4-South Africa proposes public sector wage cuts to rein in deficit

Feb 26 2020

* Rand lifted as traders bet on Moody's reprieve (Adds Fitch comment)

UPDATE 2-South African central bank surprises with rate cut

Jan 16 2020

* Analyst says cut could have little impact (Adds analyst, detail, context)

UPDATE 2-South African power cuts to drag on into Friday

Jan 09 2020

* Outlook shows constrained system for months (Adds energy expert, outlook, context)

UPDATE 2-South Africa appoints Nampak's de Ruyter as CEO of indebted Eskom

Nov 18 2019

* Eskom battling with high debt, old power plants (Adds analysts, more details)

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