SA enters recession; Nigeria economy overtakes SA; Ramaphosa fears Covid-19 threat to SA growth
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In today's news headlines:
* South Africa’s economy slumped into a second recession in consecutive years as power cuts weighed on output and business confidence dropped;
* Nigeria's economy is on rocket fuel, expanding as South Africa's contracts, which means Nigeria's Gross Domestic Product is the largest in Africa;
* Coronavirus, or Covid-19 as the current threat is labelled, is likely to be a bigger risk for Europe than Africa say medical experts in the reputable The Lancet journal;
* President Cyril Ramaphosa is worried about the economic impact of the coronavirus outbreak on the South African economy, he told journalists in a briefing after it emerged that the country is officially back in recession; and
* About 10,000 more job cuts are likely as Eskom keeps the lid on economic growth.
* South Africa’s economy slumped into a second recession in consecutive years as power cuts weighed on output and business confidence dropped;
* Nigeria's economy is on rocket fuel, expanding as South Africa's contracts, which means Nigeria's Gross Domestic Product is the largest in Africa;
* Coronavirus, or Covid-19 as the current threat is labelled, is likely to be a bigger risk for Europe than Africa say medical experts in the reputable The Lancet journal;
* President Cyril Ramaphosa is worried about the economic impact of the coronavirus outbreak on the South African economy, he told journalists in a briefing after it emerged that the country is officially back in recession; and
* About 10,000 more job cuts are likely as Eskom keeps the lid on economic growth.
