Edition:
India

Mfuneko Toyana

UPDATE 2-South African central bank cuts lending rate by 50 basis points

21 May 2020

* Analysts see another 50 bps cut this year (Adds analysts' quotes and background)

CORRECTED-South Africa's central bank to cut rates again, resist QE pressure for now

20 May 2020

* Cenbank set to cut rates again on Thursday by between 50-100 bps

REFILE-South Africa suspends use of Land Bank debt as collateral after default

11 May 2020

JOHANNESBURG, May 9 South Africa's central bank has temporarily prohibited the use of debt issued by the Land Bank as collateral after the state agricultural lender missed $2.7 billion in loan repayments last month and

South Africa ups weekly debt auctions by $109 mln to cover COVID-19 stimulus

11 May 2020

JOHANNESBURG, May 11 South Africa will increase the amount of debt on sale at its weekly auctions by nearly 2 billion rand ($109 million) to cover a budget deficit set to increase sharply due to the coronavirus stimulus package announced by President Cyril Ramaphosa.

UPDATE 2-South Africa's central bank switches back to one daily repo auction

08 May 2020

* Bond purchases in QE-style policy at 11.42 billion rand in April

RPT-S.Africa's delivery firms switch to meds, groceries during pandemic

29 Apr 2020

JOHANNESBURG, April 28 A solitary motorbike rumbles through otherwise silent streets in Johannesburg, South Africa's once bustling commercial hub, now transformed into a near ghost town by one of the world's strictest coronavirus lockdowns.

South Africa's delivery firms switch to meds, groceries during pandemic

28 Apr 2020

JOHANNESBURG A solitary motorbike rumbles through otherwise silent streets in Johannesburg, South Africa's once bustling commercial hub, now transformed into a near ghost town by one of the world's strictest coronavirus lockdowns.

S.Africa's ecommerce leader Takealot takes $20 mln hit in 3-week coronavirus shutdown

14 Apr 2020

* MrD Food partners with MediRite pharma to deliver medicines

UPDATE 3-South Africa rules out IMF programme despite budget woes

14 Apr 2020

* Central bank cuts rates for second time in two months (Updates with IMF official's comments)

Lockdowns: Saving lives, but ruining livelihoods in Africa

07 Apr 2020

LAGOS/JOHANNESBURG In a dark ground-floor room in Lagos, dressmaker Kemi Adepoju gazes at a pile of dresses she has made but which cannot be collected due to the lockdown in force to slow the spread of the new coronavirus.

World News