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South Africa reports first case of local transmission of coronavirus
South Africa reported the first case of local transmission of the coronavirus on Thursday, fuelling concerns that sub-Saharan African health systems could be overwhelmed if local transmission accelerates.
South Africa in recession after shock economic slump
The South African economy shrank by 1.4 percent in the fourth quarter of 2019, according to new Gross Domestic Product numbers, released by Statistics SA.
Miners welcome South Africa's plans to open up power generation
South Africa's announcement that it will open up electricity generation to other players, effectively breaking Eskom's monopoly, has been welcomed by many, especially the mining industry, a key sector in Africa's most industrialized economy.
AngloGold seals South Africa exit with $300m asset sale
AngloGold Ashanti Ltd. sold its remaining South African assets to Harmony Gold Mining Co. for about $300 million.
As South African stock investors eye 2020, budget looms large
South Africa’s budget, due to be presented next month, is looming as a key first-quarter event for investors seeking insights on the outlook for a stock market that failed to keep pace with emerging-market peers last year.
South Africa outlook cut to negative by S&P amid fiscal woes
South Africa could fall deeper into junk territory after S&P Global Ratings cut the outlook on its assessment of the nation’s debt to negative, citing the slow growth, upwardly revised fiscal deficit and growing debt burden.
South African Airways needs government loan guarantee or risks liquidation: Board member
South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on Wednesday, as a crippling strike enters its sixth day.
South Africa moves one step closer to junk rating
Moody’s Investors Service cut the outlook on South Africa’s credit rating to negative from stable, taking the country one step closer to losing its final investment-grade assessment.
Larijani: South Africa investment procedure facilitated in Iran
Iranian Parliament Speaker Ali Larijani said the investment procedure in Iran has been facilitated for South Africa, adding that bilateral ties between two countries need a jump in economic cooperation.
South Africa's Zuma to face graft trial
South African former President Jacob Zuma will stand trial on corruption charges relating to a $2 billion arms deal after a high court on Friday denied him a permanent stay of prosecution.
80 percent of heart attacks, strokes can be prevented in South Africa
In South Africa, 225 people are killed by heart diseases every single day. A sobering number indeed but on the positive side, up to 80 percent of heart diseases and strokes can be prevented, said Bianca Tromp, dietitian at the Heart and Stroke Foundation of South Africa.
IMF rumors may be the scare South Africa needs
The threat of an International Monetary Fund (IMF) bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy.
South Africa's Ramaphosa wins court case against anti-graft watchdog
South African President Cyril Ramaphosa won a court case against the anti-corruption watchdog on Thursday over a matter concerning ally Pravin Gordhan, ahead of a fresh battle over findings against the president himself.
South Africa's Sappi buys Canadian paper mill, third-quarter profit falls
South African paper and pulp maker Sappi (SAPJ.J) said on Thursday its Canadian division was buying Matane hardwood pulp mill in Canada to increase pulp integration and cut costs after reporting a 84% decline in profit for the third quarter.
South Africa's Zuma shrugs off graft allegations at inquiry
South Africa's former president Jacob Zuma on Monday dismissed multiple graft allegations against him, telling a judicial inquiry he was the victim of conspiracies and years of "character assassination".

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