Edition:
India

Joe Bavier

South Africa's Denel not planning to seek further bailouts

27 Aug 2020

JOHANNESBURG, Aug 27 South African state defence firm Denel is not planning to seek new government equity injections despite a liquidity crunch aggravated by the coronavirus crisis, its interim chief executive told Reuters on Thursday.

UPDATE 1-S.Africa insurers' offer in COVID claims fight too little too late for some

31 Jul 2020

* Many customers say they won't qualify (Adds comment from Santam, paragraphs 11,12)

S.Africa insurers' offer in COVID claims fight too little too late for some

30 Jul 2020

JOHANNESBURG, July 30 South African small businesses fighting rejected coronavirus-related claims said insurers' offers of relief are too little too late for many and could leave some already struggling to survive with nothing at all.

S.Africa's Denel seeks to revise bailout conditions to survive

10 Jul 2020

JOHANNESBURG, July 10 South African state defence firm Denel may not survive the next few months unless the government lets it use some promised bailout funds to generate revenues rather than to repay debt, the chief executive said.

U.N. agency calls for $1 trillion developing world debt write-off

23 Apr 2020

JOHANNESBURG Around $1 trillion of debt owed by developing countries would be cancelled under a global deal proposed by the United Nations Conference on Trade and Development (UNCTAD) on Thursday to help them overcome the impact of the coronavirus pandemic.

South Africa considers flexible restrictions after lockdown

22 Apr 2020

JOHANNESBURG South Africa is considering introducing flexible restrictions on economic activity after it phases out a nationwide lockdown, according to a draft government presentation seen by Reuters on Wednesday.

UPDATE 1-South Africa considers flexible restrictions after lockdown

22 Apr 2020

JOHANNESBURG, April 22 South Africa is considering introducing flexible restrictions on economic activity after it phases out a nationwide lockdown, according to a draft government presentation seen by Reuters on Wednesday.

South Africa considers flexible restrictions after lockdown

22 Apr 2020

JOHANNESBURG, April 22 South Africa is considering introducing flexible restrictions on economic activity after it phases out a nationwide lockdown, according to a draft government presentation seen by Reuters on Wednesday.

At least 300,000 Africans expected to die in pandemic: U.N. agency

18 Apr 2020

JOHANNESBURG The COVID-19 pandemic will likely kill at least 300,000 Africans and risks pushing 29 million into extreme poverty, the U.N. Economic Commission for Africa (UNECA) said on Friday, calling for a $100 billion safety net for the continent. | Video

Africa may rebound in 2021, but coronavirus impact to endure: IMF

15 Apr 2020

JOHANNESBURG Africa is expected to reverse an economic contraction linked to the coronavirus crisis next year after containment measures are eased, the International Monetary Fund said, but the impact will be felt for years to come. | Video

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