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Novavax Inc. said Thursday its Covid-19 vaccine candidate was found to be 89.3% effective based on interim data from its clinical trial in the United Kingdom — where a new variant of the virus originated. The results make Novavax’s candidate, called NV.....»»

After Moody's downgraded South Africa's investment rating to "junk" on Friday, the rand plummets - adding heaping further economic misery on Africa's most advanced economy. David Doyle reports......»»

South Africa’s ruling party is forging ahead with plans to change the constitution to make it easier for the government to expropriate land without paying for it. The state hasn’t taken any property yet, but the nation’s banks are worried becau.....»»

Cash-strapped state carrier South African Airways (SAA) said on Thursday it would "cancel and consolidate selected flights" to lower costs, days after it received a 3.5 billion rand ($244 million) government bailout to ease a mounting cash-flow crunch......»»

South African telecoms company Telkom SA told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services......»»

Taste Holdings , owner of Starbucks and Domino's Pizza franchises in South Africa, said on Friday it was abandoning the food business, and had already sold its 13 stores of the coffee chain to a consortium for 7 million rand ($464,000)......»»

South Africa's cash-strapped state power firm Eskom said on Monday it had filed court papers in a bid to recover 207 million rand ($14 million) in connection with contracts it alleged were improperly awarded to Deloitte Consulting in 2016......»»

The Nigerian business of South Africa's MTN Group started trading in Lagos on Thursday ahead of its plan for a public offering of new shares to investors. Serena Chaudhry reports......»»

This article was originally published on ETFTrends.com......»»

Gold prices gain Tuesday, looking to recoup most of the previous session’s losses, with the dollar weakening following muted U.S. inflation data, as investors await a vote by U.K. lawmakers on Prime Minister Theresa May’s Brexit plan......»»

The South African rand dropped to a six-month low on Friday in a latest round of emerging market weakness on the back of a stronger dollar. After sharp sell-offs in other EM currencies, analyst now wonder whether the rand is simply the next shoe to drop......»»

Seemingly not satisfied.....»»

In the week ahead, Japan and the U.S. will see readings on inflation, while the Bank of Korea makes an interest-rate decision after recent data reflected subdued price pressures in South Korea......»»

Just days after the first 'Zimbabwe-fication' actions of South African President Ramaphosa's plan to confiscate white farmers' land with no compensation and.....»»

The rand has roundtripped - erasing overnight losses triggered by a Trump tweet - as South African authorities strike back at comments by the US President with regard the confiscation of white farmers' land, and the r.....»»

  President Donald Trump tasked US Secretary of State Mike Pompeo to ‘closely study’ the issue of land expropriation from farmers in South Africa. The South African rand .....»»

British Prime Minister Theresa May is in South Africa as part of a three-country tour to Africa to strengthen trade relations ahead of Brexit. Serena Chaudhry reports......»»

With South Africa reeling amid concerns of land expropriation, the rand tumbling a.....»»

The rand depends on the central bank following the example of Russia, not Turkey......»»

South African energy regulator NERSA on Tuesday gave power utility Eskom the go-head to recover 32.69 billion rand ($2.25 billion) of costs incurred over the past three years through higher tariffs over a four-year period from 2019 to 2023......»»