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SAB's sobering announcement is likely to rip a hole in the South African economy, as the third alcohol ban takes a devastating toll on scores of businesses.
South Africa is one of the hardest-hit countries in Africa with over 740,000 infections.
The country recorded 60 more virus-related deaths on Wednesday, bringing the death toll to 20,011.
A NEW Adaptation Fund (AF) study highlights its Climate Finance Readiness Programme, which has been found to provide valuable and growing support to building the capacity of vulnerable countries to access and manage financial resources across the...
The government has come out to explain suspect allocations of Sh8.1 billion in small amounts to infrastructure projects in the new budget that were flagged by the Parliamentary Budget Office (PBO).
The Infrastructure ministry has explained that constraints in financial resources is one of the reasons the government is struggling to repay billions of shillings for projects that had been marked as complete.
Transport and Infrastructure Principal Secretary Paul Maringa explained that the resources available do not allow for allocations of the required amounts owing to the number of projects that are supposed to benefit from available budget ceilings.
Mr Yatani explained that Treasury received the communication from the Danish embassy on the funding after the second supplementary budget had already been approved by the National Assembly.
\"The National Treasury wishes to convey the government's appreciation of the financial assistance from the Government of Denmark and to reiterate that plans have been put in place to ensure that disbursement of the funds will be fast-tracked once the remaining actions from both sides and remaining formal processes are concluded, latest early next week,\" the Treasury boss said.
Self-proclaimed prophet Shepherd Bushiri and his wife have fled South Africa for Malawi, in contravention of their bail conditions.
