The World Bank has warned that here is a risk that most of the potential economically active population could be left behind, with the pandemic permanently impairing the country’s long-term prospects.
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The performance of Eskom’s generation fleet has been steadily increasing from the disappointing below-60% plant availability in April, and supply has consistently exceeded demand over the past week.
A powerful winter weather system, approaching South Africa from the west, has prompted Eskom to ask the public to reduce the usage of electricity to prevent possible load shedding.
President Cyril Ramaphosa extended bans on alcohol sales and most public gatherings for two weeks as the government struggles to bring a third wave of coronavirus infections under control.
EOH Holdings CEO Stephen van Coller said late on Friday that he is confident that the IT services group will not be blacklisted by government.
Shareholders of technology investor Prosus on Friday approved a deal with parent Naspers that will move most of the economic value of the intertwined companies to Amsterdam.
South Africa’s Covid-19 vaccination programme is next month expected to gain further momentum, with those aged between 35 and 49 years set to be vaccinated.
Nigeria’s revenue service said on Thursday it had instructed banks to freeze the accounts of media entertainment firm MultiChoice Africa and its Nigerian subsidiary.
Mr Price Group is a step closer to scooping up online retail kitchenware pioneer Yuppiechef after the Competition Commission on Thursday announced its backing of the acquisition.
Democratic Alliance MP and long-serving shadow deputy minister of communications Cameron Mackenzie has passed away, the party said in a statement on Thursday.