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South Africa

Cosatu seeks PIC funds for coronavirus plan

Mar 28 2020 14:27

South Africa’s biggest labour-union federation and a key political ally of President Cyril Ramaphosa is pushing the government to tap state institutions for a stimulus plan to combat the fallout from the coronavirus outbreak.

Africa

Delays and shattered hopes: Uganda still waiting for oil riches

Mar 27 2020 13:26

It was the promise of oil - billions of barrels of black gold, discovered locked beneath Lake Albert - and the riches to follow that brought electricity to Buliisa.

South Africa

Could coronavirus give SA (another) breather from Moody's junk status?

Mar 26 2020 21:46

The unprecedented lockdown of the country due to the spread of the coronavirus may offer the country a reprieve from a much-anticipated ratings assessment by ratings agency Moody's, in what could see the country dodging a downgrade to junk status.

Africa

Zimbabwe reintroduces US dollar amid coronavirus panic

Mar 26 2020 20:06

Zimbabwe's government has reintroduced the use of foreign currency as a stabilising measure as the coronavirus pandemic strikes.

World

US jobless claims surged to a record 3.28 million last week

Mar 26 2020 17:19

The number of Americans filing for unemployment benefits surged to a record 3.28 million last week as businesses shuttered and laid off workers as part of efforts to slow the spread of the coronavirus.

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World

World trade rocked by virus sees worst collapse in a generation

Mar 26 2020 11:09

The Great Recession, the September 11 attacks, the 1973 oil embargo - none of these modern crises constricted trade flows as quickly and as sharply as the Covid-19 disease has.

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