Coronavirus: Global Covid-19 infections have hit 117.4 million confirmed, with the death toll reaching 2.6 million. In South Africa, there have been 862 new cases, taking the total reported to 1,521,068. Deaths have reached 50,678 (a daily increase of 31), while recoveries have climbed to 1,440,874, leaving the country with a balance of 29,516 active cases. The number of vaccines administered is 101,841.
5 important things happening in South Africa today
- GDP: South Africa’s Q4 GDP data will be published this week, with economists expecting a significant contraction for the year. Current expectations are for around a 7% decline in GDP for the year, though this is based on forecasts of around 5% to 5.5% growth in the fourth quarter. While the big drop is due to the economic turmoil brought about by Covid-19 and lockdown, South Africa had entered into recession before the Covid crisis hit. [Moneyweb]
- Exposed: Police reports and documents provided to the National Prosecution Authority (NPA) have brought grave allegations against Electronic Toll Collection (ETC) and its parent company, Kapsch TrafficCom. Among the allegations are that ETC, with full knowledge of Kapsch, made payments totaling R10 million over three years to a company called ProAsh Business Services without receiving any services or deliverables from the company. [MyBroadband]