JOHANNESBURG- South Africa’s auditor general said on Wednesday that some of the money in its 500 billion rand COVID-19 relief package may have been fraudulently paid to improper beneficiaries. JOHANNESBURG- South Africa’s Impala Platinum Holdings Ltd on Thursday reported a nearly 400% jump in annual earnings boosted by higher metal prices and a weaker…
Nigeria central bank sells $50 mln to gauge foreign FX demand -traders
ABUJA (Reuters) – Nigeria’s central bank has sold around $50 million to foreign investors on the spot and forward markets, in what the bank called a test trade to gauge the level of dollar demand on the currency market, traders said on Wednesday.
S.Africa’s $30 bln COVID-19 relief package exposed to fraud – auditor general
JOHANNESBURG (Reuters) – South Africa’s auditor general said on Wednesday that some of the money in its 500 billion rand ($30 billion) COVID-19 relief package may have been fraudulently paid to improper beneficiaries.
South Africa’s Impala Platinum annual earnings soar nearly 400%
JOHANNESBURG (Reuters) – South Africa’s Impala Platinum Holdings Ltd (Implats) on Thursday reported a nearly 400% jump in annual earnings boosted by higher metal prices and a weaker rand currency, despite the impact of the COVID-19 pandemic on output.
South African power cuts worsen on cold weather, breakdowns
JOHANNESBURG (Reuters) – South African state power utility Eskom said it would ramp up power cuts on Wednesday, as cold weather caused a spike in demand after many of its generating units had broken down.
South Africa’s Eskom says gross debt rose to $29.3 bln as of March
JOHANNESBURG (Reuters) – South African state power utility Eskom’s gross debt increased to 488 billion rand ($29.3 billion) as of March 2020, from 440 billion rand a year earlier, the firm said in a presentation to parliament on Wednesday.
South Africa’s rand weaker as fiscal, political risks back on investors’ radars
JOHANNESBURG (Reuters) – South Africa’s rand weakened early on Wednesday, giving back some of the gains from the previous session as investors pocketed profits from the risk-on rally, while hopes over easing tensions inside the ruling party faded.
Mauritius central bank revokes Century Banking Corp’s licence
NAIROBI (Reuters) – Mauritius’ central bank has revoked the banking licence of Century Banking Corporation Ltd, it said on Wednesday, without stating the reasons for the move.
S.Africa’s Libstar posts lower half-year profit on expenses linked to COVID-19
JOHANNESBURG (Reuters) – South African food producer Libstar Holdings Ltd on Wednesday reported a 17.7% drop in half-year earnings, hit by expenses related to the COVID-19 pandemic.
South African state firms request bailouts over COVID-19
South African state companies have requested billions of rand in funding from the government to help them weather the impact of the coronavirus crisis, a finance ministry presentation to parliament showed on Tuesday.
South African state arms firm at risk of bankruptcy protection, govt says
South African state arms firm Denel faces the risk of being placed under a local form of bankruptcy protection called business rescue or even liquidation, the National Treasury said on Tuesday.
ANA NEWS WIRE Disclaimer:
The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality.
ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video. Where errors do appear, ANA will seek to correct these timeously and transparently.
The ANA platform also contains news and information from third party sources. ANA has sought to procure reliable content from trusted news sources but cannot be held responsible for the accuracy and opinions provided by such sources on the ANA platform or linked sites.
The content provided for on the ANA News Wire platform, both through the ANA news operation and via its third party sources, are for the sole use of authorised subscribers and partners. Unauthorised access to and usage of ANA content will be subject to legal steps. ANA reserves its rights in this regard.
ANA makes every effort to ensure that the website is up and running smoothly at all times, however ANA does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical issues that are beyond our control.