- Cutting the cost of Africa’s energy transition with the right flexibility mix - Kenneth Engblom Vice President, Wartsila Energy, Europe and Africa
- Ghana International Bank announces Ian Greenstreet as its new Chief Executive Officer
- Building Digital Financial Systems and Accelerating Banking Modernization in Emerging Markets
- Trust is infrastructure. And Africa’s fintech reckoning proves it - Salvador Anglada, Optasia Group CEO
- Africa’s cement industry and the push for energy security - Krzysztof Lokaj, Wärtsilä Energy Africa Development Manager
Labor Wants a Coronavirus Stimulus From S. African Government
JOHANNESBURG (Capital Markets in Africa) – South Africa’s biggest labor group wants the government to come up with a stimulus plan to prepare for the impact of the coronavirus, potentially stretching the country’s already strained finances.
“We will be pushing for an economic intervention plan to prepare for the impact” of the virus, he said.
President Cyril Ramaphosa said last week that his administration’s drive to turn the economy around is being frustrated by the pandemic and other factors beyond its control. In South Africa, 24 people have so far tested positive for the disease, the most of any country in sub-Saharan Africa.
Africa’s most-industrialized economy has twice slipped into recession since Ramaphosa took office in February 2018.
Source: Bloomberg Business News