The Japanese government has cut aid it renders to Malawi, whose authorities have since pleaded with Tokyo to reverse the idea, saying instead, more financial assistance should be channeled towards the Economic and Social Development Programme.
Troubled retail group Steinhoff International Holdings N.V. said on Thursday Jayendra Naidoo had resigned as a member of its supervisory board in order to focus on his role as chairman of JSE-listed subsidiary Steinhoff Africa Retail Limited (STAR).
South Africa's ruling African National Congress (ANC) has committed to renewing the country's economy. Deputy President Cyril Ramaphosa, who is also ANC President, says the governing party is taking active steps to renew South Africa and its economy.
Bitcoin fell as much as 20% on Wednesday, piercing below $10 000, while other crypto currencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation.
Retail firm, Dis-Chem, said on Thursday that approximately 760 employees had gone on strike at its Midrand distribution centre and head office but trading and operations at its 131 stores were not affected in South Africa.