Africa in focus: Demand sags at record South Africa bond sale
07 August 2019 | 9:19 am
Demand at South Africa’s weekly bond auction fell after the country raised issuance to a record, partly to fund the rescue of troubled state-owned company Eskom Holdings SOC Ltd. Meanwhile, Zimbabwe’s finance minister responded to the country’s worsening economic crisis last week by blacking out inflation statistics for the next six months. Amo Mbatha reports on "Bloomberg Daybreak: Middle East."
Floods and mudslides triggered by heavy rain have caused widespread damage around the port city of Durban. At least 45 people have been killed in recent flooding that hit the South African province of KwaZulu-Natal, authorities said on April 12.
At least 306 people have been killed in flooding around Durban in South Africa. On a visit to the stricken city, President Cyril Ramaphosa described the devastation as a "catastrophe of enormous proportions". Also, Amnesty International accuses Mali of stalling war crimes and abuse investigations. And after the French city of Bordeaux, the international tour of an exhibition highlighting the African experience heads to Abidjan in Ivory Coast.
Thousands have been displaced and scores are missing in what is considered to be one of the worst natural disasters on record. South Africa's weather service is warning of even more heavy rains.
The death toll from South Africa's unprecedented floods has risen to nearly 400. Police army and volunteers have widened the search, and the dozens of people still missing after the storm that devastated Durban over the weekend. In Senegal, citizens express their anger at the failures of the healthcare system after a pregnant woman died in hospital. And in South Sudan, the World Food Programme warns that millions are on the brink of hunger.
Thousands of troops have been deployed to South Africa's flood-ravaged KwaZulu-Natal province where residents are still searching for the missing more than a week after torrential rains began.
South Africa is grappling with one of the biggest natural disasters in the country's history. Floods killed more than 400 people and destroyed thousands of homes.
Ukraine's President Volodymyr Zelensky has held a phone call with South Africa's Cyril Ramaphosa about the war in Ukraine, but Pretoria has still stopped short of condemning the Russian invasion. Also, Nairobi says it will host talks between the Congolese government and rebels that have been terrorising parts of eastern DR Congo. The announcement comes after leaders from across East Africa met in Kenya to discuss the crisis. Plus, our correspondents report on how park rangers in Burkina Faso are facing the twin threat of poachers and jihadists.
Helicopters and sniffer dogs joined search and rescue teams on the ground, looking for bodies after heavy rains caused flooding , close to Durban in South Africa on Tuesday
Four Argentine friends will cycle 10,500 kilometres from South Africa to Qatar to support their country at the World Cup in November, an initiative that will also lead to 10,500 new trees being planted in their homeland.
While the official threshold for a COVID wave has not yet been reached, South Africa is facing a surge of infections driven by omicron sub-variants.
The latest installment in a scathing report into the presidency of former South African leader Jacob Zuma says that he played a critical role in the plunder of state entities. About 880 million euros worth of contracts for the Eskom power utility are thought to have been shadily awarded.
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