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The ANC wants unions, taxis and stokvels to own the Reserve Bank: report

The ANC will continue to lobby for the nationalisation of the Reserve Bank, however they will also ensure that the central bank maintains its independence.“We mean that that public investment companies like the PIC,… stokvels that we have, like agricultural unions, like taxi associations, individual burial societies, through a share scheme to get access to the Reserve Bank so that whatever we get as income and revenue must first and foremost help South Africans,” Legoete.

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Zimbabwe to run out of bread in a week

A letter written by the country’s grain millers’ group to the country’s bakers association says that the country has failed to pay for imported wheat therefore the country could run out of flour in a week. Zimbabwe imports wheat, which it blends with its local crop to make flour for bread, the country’s second major staple after maize meal. The government has not responded to questions yet.

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GoDaddy launches in South Africa

GoDaddy one of the leading website hosting providers will start operating in South Africa from the month of march. GoDaddy describes itself as the world’s largest cloud platform dedicated to small, independent ventures. The company, which is listed on the Nasdaq exchange in New York, provides website hosting and design, domain registrations, and other services. Founded in 1997 in Baltimore, Maryland in the US, It has over 18 million customers worldwide.

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MTN chief executive deported

MTN Uganda states that they have not been informed as to what would be the reasons for the deportation of its chief executive. The Ugandan government have only said that Wim Vanhelleputte was expelled from the east African country and put on a plan to Belgium for security reasons. It is not the first high-level executive to be deported, there were three other people who were deported in the month of January 2019.

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