Five Newsworthy Things in SA 13th August 2020:

News In South Africa 13th August: 1. Lockdown level 2 approaches: The South African Medical Research Council (SAMRC) says there are hopeful signs the Covid-19 pandemic reached its peak in all the provinces at the end of July. In a statement released on Wednesday, the SAMRC said: “To calculate ‘excess mortality’ in a given period, […]

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Five Newsworthy Things in SA 12th August 2020:

News in South Africa 12th August: 1. SA manufacturing down: South Africa’s manufacturing output fell by 16.3% in June as the nationwide lockdown and the impact of the Covid-19 pandemic continued to suppress economic activity. While the decrease was larger than any month between January 2015 and December 2019, it was still lower than April […]

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Five Newsworthy Things in SA 11th August 2020:

News in South Africa 11th August: 1. Naspers takes a knock: Naspers took a hit on Friday after Trump issued executive orders against popular apps WeChat and TikTok. Naspers owns a 31% stake in WeChat owner Tencent. Naspers-owned Prosus continued to fall in Europe on Monday, losing more than 3%. President Donald Trump issued an executive order Thursday […]

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Five Newsworthy Things in SA 7th August 2020:

News in South Africa 7th August: 1. AngloGold reports earnings increase: AngloGold Ashanti reported a more than 200% increase in first-half earnings thanks to higher gold prices and a weak rand. AngloGold Ashanti withstood COVID-19-related disruptions to deliver a solid first half production performance and a surge in free cash flow generation to $177m, most of it […]

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Five Newsworthy Things in SA 5th August 2020:

News in South Africa 5th August: 1. Rand slips to 2 month low: South Africa’s rand slipped to its weakest in two months on Tuesday, in a risk-averse mood amid fears over the pace of economic recovery as coronavirus cases surge. At 1640 GMT the rand was 1.24% weaker at 17.3975 per dollar, after hitting […]

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Five Newsworthy Things in SA 4th August 2020:

News in South Africa 4th August: 1. SAB halts R5 billion investment: The South African Breweries (SAB) says it has cancelled R2.5 billion of scheduled investments that were earmarked as part of its annual capital and infrastructure upgrade programme. These funds were previously scheduled as part of its capital allocation programme for this financial year, […]

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Five Newsworthy Things in SA 3rd August 2020:

News in South Africa 3rd August: 1. ANC divided over integrity committee: The ANC integrity committee’s findings are again at the centre of divisions in the leadership of the party, with some accusing it of being used as an axe to deal with leaders. The latest row centres on the committee’s recommendation that Deputy Finance […]

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Five Newsworthy Things in SA 31st July 2020:

News in South Africa 31st July:   1. Death toll close to 8000: The Eastern Cape has recorded the most coronavirus deaths in the country in the past 24 hours of reporting. Health Minister Zweli Mkhize announced late on Thursday that 315 new Covid-19-related deaths had been registered: 121 from the Eastern Cape, 96 from Gauteng, […]

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Five Newsworthy Things in SA 30th July 2020:

News in South Africa 30th July: 1. Consumer inflation up to 2.2%: South Africa’s headline consumer price inflation has inched up to 2.2% in June from 2.1% in May, Stats SA has announced. Inflation has been at 3% or under since April in the wake of the national lockdown. Reserve Bank Governor Lesetja Kganyago said last […]

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Five Newsworthy Things in SA 29th July 2020:

News in South Africa 29th July: 1. Eskom to hike tariffs: In a victory for Eskom, the High Court has reviewed and set aside a decision by the National Energy Regulator of South Africa to deduct a R69-billion equity injection from the power company’s allowable revenue for the current three-year period, instructing instead that the […]

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