Tag Archives: South African President Cyril Ramaphosa

The International Monetary Fund has forecasted that South Africa could surpass Nigeria to become the largest economy in Africa. According to the IMF’s World Economic Outlook, South Africa, which is one of the most industrialised countries in Africa, is projected to approach a gross domestic product (GDP) of $401 billion …

The unemployment rate in South Africa rose from 30.8% in Q3 2020 to 32.5% the following quarter, making an increase of 10.7% over the period. In its quarterly labor force survey released yesterday, the department of statistics (Stats SA) found that the number of jobless people rose from 6.5 million in …

The South African government said it plans to vaccinate about 50 million people representing 67% of its population before the end of the current year. The info was given on January 3 by the health minister Dr. Zweli Mkhize during a press conference on the national vaccine rollout strategy. The …

South African President Cyril Ramaphosa on Monday announced a ban on alcohol sales and said mask-wearing would be mandatory in public as his country became the continent’s first to record one million coronavirus cases. Ramaphosa said during a televised speech that alcohol would be temporarily banned from midnight to help …

South Africa’s land and agricultural development bank is likely to receive between R1.5 billion and R2 billion (about $92-122 million) from the National Treasury in a bailout plan. According to sources close to the matter cited by Bloomberg, the new disbursement is part of a vast plan to provide financial support …

South African President Cyril Ramaphosa has “strongly reprimanded” his finance minister for challenging the Zambian leader to explain his decision to sack that country’s central bank governor, the presidency said Monday. In a surprise move, Zambian President Edgar Lungu on Saturday fired his respected central bank governor Denny Kalyalya. No …