President Cyril Ramaphosa has urged South Africans not to panic and be alarmed by the rising number of coronavirus infections in the country.
Economist Dawie Roodt has warned that the South African economy will remain uncertain for the foreseeable future.
People who use illuminating paraffin for heat and light are facing a steep price hike from midnight tonight. The Energy Department has announced big jumps in fuel prices on the back of steep increases in oil prices. Illuminating paraffin goes up by a massive R2.85; petrol price by as much as R1.72 and diesel by up to R1.73.
Nigeria needs to deepen economic reforms and boost government revenues in order to have a sustained recovery after a coronavirus-induced oil price shock that slashed income and weakened its currency, the World Bank’s country director told Reuters on Friday.
Mr Price Group has become the latest South African retailer to retreat from African markets due to weak economic growth, difficulties with repatriating funds and local procurement.