Two people were killed on Thursday in an explosion at Astron Energy's 100,000 barrel per day refinery in Cape Town, the company said as it promised a full investigation. The Western Cape's emergency medical services said one man and one woman died at the scene, while seven people sustained minor injuries and were taken to hospital. "This is a terrible tragedy.
South Africa's current account switched to a surplus for the first time since the first quarter of 2003 as the trade surplus more than doubled, the country's central bank said Thursday. The current account swung to a surplus of ZAR69.7 billion in the first quarter, from the ZAR68.1 billion deficit registered in the fourth quarter of 2019.. South Africa's current account as a ratio of gross domestic product changed from minus 1.3% in the fourth quarter of 2019 to 1.3% in the first...
Two people were killed on Thursday in an explosion at Astron Energy's 100,000 barrel per day refinery in Cape Town, the company said as it promised a full investigation. The Western Cape's emergency medical services said one man and one woman died at the scene, while seven people sustained minor injuries and were taken to hospital. "This is a terrible tragedy.
An explosion on Thursday at Astron Energy's South African refinery in Cape Town has killed at least two people and injured several others, a source who works at the 100,000 barrel per day plant told Reuters. "There are two people dead that I know of and many injured," said the person, who was not authorized to speak to the media.
JOHANNESBURG--South Africa's gross domestic product contracted by an annualized 2% in the first quarter of 2020, the country's statistics agency said Tuesday, pushing Africa's most developed economy deeper into recession. The reading--South Africa's third consecutive quarter of economic contraction--reflects how the global economic slowdown brought on by the coronavirus epidemic and the first days of a national lockdown exacerbated the country's...
* Russia's rouble falls in tandem with oil prices. * MSCI EM stocks up 17.7% for Q2. * EMEA stocks a mixed bag; South Africa leads gains. By Ambar Warrick. Developing world stocks edged higher on Tuesday and were set for their best quarter since 2009, as improving economic readings raised hopes of a quicker global economic recovery from the coronavirus crisis.
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