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Business · Ludhiana

SA’s Covid-19 positivity rate hits three-month high

Coverage: 2 sources
Of those tested for the virus on Wednesday 13.4%, or 2,846 cases, were found to be infected. South Africa, along with neighboring Botswana, identified the highly infectious omicron variant in November. It was the first country to suffer a surge of infections as a result of the new variant.See the Story

Samsung earnings top estimates on chip demand, new handsets

67% Left coverage: 3 sources
Operating profit increased 50% to 14.1 trillion won ($11.6 billion) for the three months ended March. Sales advanced 18% to 77 trillion won, also higher than expected. Samsung will provide net income and divisional performance when it reports full earnings on Apr. 28.See the Story

Municipal sector on the brink of collapse

Coverage: 2 sources
Latest survey of the 100 largest municipalities in the country is an ice bath. Ratings Afrika has been highlighting the dire state of municipal management in SA since 2011. Cape Town is the only metro that is considered financially sustainable, with a score of 67. Western Cape remains the best-run province, with an average score of 52.See the Story

Omicron infection turbo-charges vaccinated people’s immunity: study

100% Right coverage: 2 sources
People who are vaccinated and then get infected with Omicron may be primed to overcome a broad range of coronavirus variants, early research suggests.See the Story

South African stocks suffer worst week since 2020

Coverage: 2 sources
Johannesburg's benchmark FTSE/JSE Africa All Share Index ended Friday down 2.5%. That's a steeper retreat than MSCI's index of developing country stocks, which is down about 4%. Gold and platinum producers have been among the biggest drags on the market this week.See the Story
Huawei · South Africa

#CelebratingLegends with the new HUAWEI P50 – Now available for pre-order in South Africa

The new Huawei P50 is available for pre-order on the Huawei Store (Online) for just R16 999. The smartphone packs a 4 100mAh battery into a compact design with a thickness of just 7.92mm. Its 6.5-inch display supports 1.07 billion colours and True-Chroma display technology.See the Story
Cyril Ramaphosa · South Africa

ANC spent R1.4 BILLION on hotels and partying DURING LOCKDOWN – DA

100% Center coverage: 1 sources
The DA has named and shamed cabinet ministers it says have been misspending hundreds of millions of rands of taxpayers’ moneySee the Story
Africa · South Africa

South Africa to spend R22 million on flag that is 100 metres tall

100% Right coverage: 1 sources
The Department of Sports, Arts and Culture is planning to install a flag that is more than 100 metres in height. The department announced this as part of its national monumental flag project. It said the flag would serve as a national landmark and tourist attraction. The installation of the flag will cost R17 million, while geotechnical studies will set it back another R5 million.See the Story

Grand Parade to unbundle Spur shares | Fin24

100% Center coverage: 1 sources
Grand Parade Investments is unbundling its 9.28% stake in Spur to its shareholders. GPI owns almost 9.3% of Spur, with the stake valued at about R174 million. The unbundled will be finalised next month, should GPI get approval from the South African Reserve Bank.See the Story
Cyril Ramaphosa · South Africa

Ramaphosa says load shedding unacceptable – and is coming to an end

President Cyril Ramaphosa says it is ‘difficult and unacceptable’ that South Africa continues to face ongoing load shedding, with his government now working to ensure it comes to a permanent end.See the Story
Africa · South Africa

South Africa looking to lift Covid restrictions – including an end to face masks

The government is considering lifting South Africa’s remaining Covid restrictions as cases in the country continue to remain flat.See the Story
Africa · South Africa

South African taxpayers pay R12 million for government officials to sit at home

The opposition Democratic Alliance has slammed the Department of Public Service and Administration after it emerged that taxpayers are paying millions of rands for suspended officials.See the Story

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