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South Africa testing vaccines on variant, hopes for results within two weeks

South African scientists are testing whether vaccines will be less effective against a COVID-19 variant first detected locally and hope for initial results within two weeks, a professor at the national communicable disease institute said.

South African scientists seek to understand new variant

Scientists in South Africa said there is a "reasonable concern" that the new variant of COVID-19 sweeping across the country might prove to be more resistant to current vaccines being rolled out in the UK and elsewhere, and warn that it makes the need for a global rollout of vaccines "even more critical".

For COVID-19 vaccines, some are too rich — and too poor

By Matt Apuzzo & Selam Gebrekidan*

South African retailers turn from China to source local clothes

South African retailers including The Foschini Group Ltd. (TFG) and Woolworths Holdings Ltd. are increasing investment in local clothing manufacturers — both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by COVID-19 restrictions, Bloomberg reported.

IRGC: Revenge of Iran’s top general will target only 'those involved'

South Africa: No evidence of Iranian plan to kill US envoy

South Africa says ‘surprised’ by ‘bizarre’ report of Iran plot to kill US envoy

South African Minister of International Relations Naledi Pandor said her country is “as surprised as its Iranian friends” after learning about the American news website Politico’s report of a “plot” by Tehran to kill the US envoy to the African nation.

Iran dismisses ‘baseless’ report US envoy is target; South Africa unaware of such plan

Iran on Monday denied a report that it has planned to kill the US ambassador to South Africa, and the government in Pretoria said it’s unaware of any such plan.

South African economy to shrink by more than government's 7% forecast in 2020: Mboweni

South Africa’s economy will likely contract this year by more than the seven percent previously forecast by the Treasury, Finance Minister Tito Mboweni said in an opinion piece published on Sunday.

Young South Africans shut out from work: They need a chance to get digital skills

By Walter Matli*

Record bullion prices give South African gold miners a lifeline, but risks remain

South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.

Train parked on bridge in South Africa becomes luxury hotel

A luxury hotel preparing to open in South Africa is offering guests the chance to spend the night in a train permanently parked on a bridge.

New oil rig sent to South Africa for rare frontier drilling

Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area.

New Development Bank provides South Africa with $1b COVID-19 loan

The New Development Bank established by the BRICS group of emerging nations has approved a $1 billion COVID-19 emergency loan to South Africa to help reduce the socio-economic impacts of the pandemic, the National Treasury said.

South African banks at risk of deepest profit slump in 50 years

South African banks face the steepest earnings slump in half a century — with some posting losses — as measures to curb the coronavirus drag the economy deeper into recession and lead to a surge in bad debts.

Rouhani slams US ‘illegal sanctions’ amid coronavirus outbreak

International Desk