Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shut business and sent unemployment to its highest rate since the Great Depression. Except they aren’t.
Author: Agency Staff
A Canadian court ruling that could permit the extradition of a senior Huawei Technologies executive to the US leaves Canada vulnerable to further retaliation from Beijing, analysts said.
South Africa will ease lockdown rules next month, allowing millions of people to return to work even as new coronavirus infections continue to climb.
Twitter and Facebook have both sparked the ire of Donald Trump, but the social networks have taken nearly opposite approaches to politics and the US president.
The Public Investment Corp has submitted a proposal to government on converting bonds it holds in struggling state utility Eskom into equity, PIC chairman Reuel Khoza said in an interview.
Eskom expects only three days of stage-1 power cuts, where up to 1GW is taken off the national grid, during the winter period when demand increases, the CEO said on Wednesday.
South Africa stands to lose five years of potential economic output due to the shock from the coronavirus pandemic and measures to curb its spread, according to the Reserve Bank.
Apple has secured a deal for Hollywood veteran Martin Scorsese’s next film, Killers of the Flower Moon, US media reported on Wednesday, citing sources.
US President Donald Trump is expected to order a review of a law that has long protected Twitter, Facebook and Google from being responsible for the material posted by their users.
South Africa plans to announce a R350-billion infrastructure programme after talks with the private sector and multilateral lenders, said Paul Mashatile, the treasurer-general of the ANC.