Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
There was a bill passed in 2020 to change the CFA franc to the Eco. This will ultimately end the centralization of the foreign exchange, that is exclusively available to countries in the West Africa region. However, since the arrangement was reached between the French government and eight nations in West Africa-no authority plan has […]
The citizens of South Africa awaits the distribution awaits the distribution of the coronavirus vaccine in the country, the health ministry in the country is set to rollout the coronavirus vaccine by the end of January. Tshegofatso Mdluli has been jobless for a year. The 22-year old who used to work in the retail business […]
A NGO has offered traditional burials victims of the coronavirus in South Africa, as more bodies continue to drop due to the second wave of the coronavirus, coffin makers has struggled massively to meet the demand of the families of the coronavirus victims. This has resulted in the high rate of traditional burial. At the […]
President of South Africa, Cyril Ramaphosa has lambasted various rich countries that hoarding the coronavirus vaccine, President Ramaphosa said their actions prevent the effective distribution of the Covid-19 vaccine from getting to third world countries. President Ramaphosa further said if coronavirus vaccine were distributed immediately it would stop the spread of the coronavirus pandemic. A […]
Top real estate company, Sirius Real Estate are all but set to to acquire a new business acquisition. The name of the proposed acquisition is Sigma Technopark worth the the excess of over $70 million. Furthermore, the securing expanded the size of the Titanium portfolio to €317m, almost twofold its incentive at dispatch in August […]
The coronavirus death toll in South Africa is at an alarming rate, the impact of the coronavirus has been felt massively in the country particularly in the coffin production sector due to the high demand of coffin which as put the sector under immense pressure. A cost that has been putting the memorial service industry […]
Several retailers in South Africa are complaining fervently, this can be majorly attributed to the impact of the coronavirus in the country and the continent at large. They have so far recorded low sales of major commodity during Christmas and the New year celebrations. Massmart proprietors of Makro and Builders Warehouse, recorded a 4 percent […]
Over 80,000 Capitec bank customers has received a whopping sum of R160 million loan from the bank, this is according to officials of the bank. The impact of the coronavirus has been felt by many people in South Africa. The discounts are important for Capitec’s drive to help mitigate monetary tension on customers during the […]
FNB has maintained the 7% leading rate, this is coming after the interest rate of South African Reserve Bank. The decision was made by SARB in the late hours of Thursday. FNB will audit its situation after the following SARB Monetary Policy Committee meeting in March 2021. Remarking on the MPC declaration, Chief Economist at […]
South African minister, Jackson Mthembu has unfortunately passed away at 62, his death can be attributed to the coronavirus. He tested positive for Covid-19 on January before his untimely passing on Thursday. Mthembu was one of the public authority’s vital chiefs in its reaction to the pandemic and the public face during many press briefings. […]
Popular Airline KLM has decided to cancel flights from South Africa to Amsterdam, this is because of the travel ban in place that can be partially attributed to the coronavirus pandemic. KLM Royal Dutch Airlines has subsequently remorsefully dropped all departures from Johannesburg and Cape Town to Amsterdam to follow the new guideline gave by […]
The South African Rand has powered to a third of consecutive profit, this can the partially attributed the the immediate change around the world especially the President Joe Biden speech to fight Covid-19 outrightly. The homegrown money appreciated to a fourteen day high subsequent to rising 0.06 percent to close exchange at R14.91 to the […]
The government authorities in South Africa has banned the sale of alcohol in the country, this is partially attributed to the coronavirus pandemic, this action by the government has affected alcohol distilleries and companies. The crossing out acquires the brewer’s dropped use South Africa to R5bn for its yearly capital and foundation update programs since […]
The coronavirus pandemic has hit South Africa and other African countries massively, the impact of the virus has been felt by various sectors like the aviation and financial sector. The mining company in South Africa will support the government in their quest to distribute the coronavirus vaccine across the country. A main maker of platinum, […]
The South African government in partnership with the health ministry has ordered over twenty million doses coronavirus vaccine, this is to reduce and potentially stop the spread of the virus in the country. Moreover, Covid antibodies will before long be disclosed accessible toward the South African. In a broadcast public location, President Cyril Ramaphosa imparted […]
The government authorities in South Africa has condemned European beachgoers for going against the lockdown imposed by the government of the country. The incident happened in western cape of South Africa, security forces has also condemned this lackadaisical attitude from the beachgoers. South Africa shut numerous sea shores, prohibited liquor deals, made face veil wearing […]
In the light of the surge in coronavirus cases in South Africa, Elijah Mhlanga who’s the department of education spokesman said that there wouldn’t be any further change in the educational system. The contaminations occur in memorial services not schools. So yes schools should open to secure individuals. In schools the wearing of covers isn’t […]
The government authorities in South Africa placed a ban on the sale of alcohol in the country, The ban has taken full effect today as major liquor store in South Africa has stopped the sale of alcohol according the directive by the government authorities in the country. Ramaphosa additionally advocated the new Covid avoidance measures […]