Hungarian energy group MOL has transferred the transit fee for use of the Ukrainian section of the pipeline
None of the interventions addresses the dysfunction that makes an initiative like this necessary in the first place
But Numsa’s Irvin Jim is adamant the sector can absorb the union’s demand for a 20% wage hike, way above the 6.5% headline inflation rate
MEC for economic development, tourism and environmental affairs Ravi Pillay resigned as a member of the KZN legislature and as a member of the executive committee
The hefty hike will be felt by all South Africans when gas-reliant manufacturers such as those that produce bread, are forced to hike prices
That would allow President Ranil Wickremesinghe time to institute tough economic reforms to secure a bailout from the IMF
Failure to win on Saturday would put coach Ian Foster and captain under pressure in terms of their future with the team
Chris and Suzaan Alheit have been making some of the Cape’s finest whites for the past ten years, the latest vintage being no exception
More scientific data is needed about the new coronavirus variant that’s roiling global markets before the US can determine whether to halt flights from southern African countries, Anthony Fauci, President Joe Biden’s chief medical adviser said on Friday.
“Obviously as soon as we find out more information, we’ll make a decision as quickly as we possibly can,” Fauci said in an interview with CNN. “You always put these things on the table, but you don’t want to say you’re going to do it until you have some scientific reason to do it.”
There’s no evidence the new variant is present in the US , he said.
Fears stemming from the new variant, first identified in SA, fuelled a post-Thanksgiving sell-off that spread across global markets as both the UK and the EU moved to halt air travel from Southern Africa.
The new variant “has some mutations that are raising some concern, particularly with regard to possibly transmissibility increase and possibly evasion of immune response,” Fauci said.
US scientists are set to meet later on Friday with their SA counterparts to discuss the matter and “really get the facts,” about what’s going on, Fauci said. Testing the new variant to determine if the spike protein mutations make it more able to evade the immune response from vaccines or infection will be key, Fauci said.
“Once you test it, you’ll know for sure whether it does or does not evade the antibodies that we make, for example, against the virus through a vaccine or following convalescence.”
Any move by the US to impose stricter travel restrictions would mark a shift from the pattern in recent weeks of easing limits on travel to the US, which reopened its doors to vaccinated international travellers earlier this month.
The emergence of the mutation has prompted a rapid response by governments, who don’t want to either jeopardise progress made in the fight against the pandemic or make an already bad situation worse. Some countries in Europe are already back in lockdown due to a spike in cases.
Bloomberg. More stories like this are available on bloomberg.com
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