South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and its main trading partners, the OECD said on Friday. If a second wave of infections is avoided, the economy will contract 7.5% in 2020 before rebounding 2.5% next year, the OECD said in a report on Africa’s most industrialised economy. South Africa was in recession before the pandemic struck, with recurring power cuts by struggling state utility Eskom and weak business confidence dampening economic activity. President Cyril Ramaphosa’s government has promised to fast-track reforms to raise economic growth potential, but some investors are becoming restless about the pace of change. “South Africa cannot afford to delay reforms. It is essential to undertake...
Eden Hazard has struggled to deal with the weight of the Real Madrid shirt following his high-profile move from Chelsea, former Real manager Fabio Capello has said. Hazard joined the Spanish club from Chelsea on a five-year contract for a reported 100 million euros ($116.54 million) ahead of the 2019-20 season. The Belgium international inspired Chelsea to two Premier League trophies during his time at Stamford Bridge but has failed to hit similar heights in Spain, with injuries limiting him to 21 appearances in all competitions this season. “He hasn’t been the player he was at Chelsea and he was injured for a long time, he hasn’t adapted,” Capello told Marca. “I’ve always thought of him as a great player but the Real shirt weighs heavily and Hazard has sunk this year. It’s clear that he’l...
South Africa’s Super Rugby franchises will be allowed to start training next week, officials confirmed on Friday, a step closer to a return to the playing field after a frustrating four months. The game has been suspended in the country since March due to the COVID-19 pandemic, with South African Rugby having to sit idle as domestic competitions took flight in New Zealand and Australia. “This is an important first step back to playing, and we have taken it carefully to ensure full compliance and having thoroughly interrogated the regulations with government,” SA Rugby chief executive Jurie Roux said in a statement. “Contact training will not be permitted for the moment but the players will be allowed back onto the field with a rugby ball and back into the gym – while observing strict proto...
Arsenal capitalised on shocking errors from Liverpool’s Virgil van Dijk and Alisson to beat the champions 2-1 at The Emirates on Wednesday and end their hopes of a record points tally for the Premier League season. The loss means Liverpool, on 93 points, can now only stretch that tally to 99, one short of Manchester City’s record. Arsenal’s first win against Liverpool since April 2015 lifts them one place to ninth in the table on 53 points. The visitors created all the early pressure and opened the scoring in the 20th minute when Sadio Mane lashed in his 17th goal of the season from close range. Yet the home side, playing without their leading scorer Pierre-Emerick Aubameyang, were handed a free pass back into the game 12 minutes later when Van Dijk made a back pass straight into the path ...
Manchester City manager Pep Guardiola said his team deserved an apology, after their two-year UEFA ban from European football was overturned by the Court of Arbitration for Sport (CAS) — a verdict he called “a good day for football”. Guardiola said the club’s reputation had been damaged by the furore around allegations that they broke Financial Fair Play (FFP) rules and fired back at comments from rival managers Jose Mourinho and Juergen Klopp. Mourinho had described the CAS decision to fine City 10 million euros ($11.39 million) for non-cooperation with the investigation as “disgraceful”. “Maybe. The thing about the money, maybe. But Jose and all the managers should know that we were damaged. We should be apologised (to). Because, like I said many times, if we did something wrong, we will...
Ethiopia dam reservoir filling as talks with Egypt, Sudan stall
The reservoir behind the Grand Ethiopian Renaissance Dam is filling, its water minister said on Wednesday, a day after talks with Sudan and Egypt on the giant Blue Nile hydroelectric project stalled. Sudan and Egypt both fear the $4 billion dam could lead to water shortages in their own nations. “The construction of the dam and the filling of the water go hand in hand,” Ethiopian Water Minister Seleshi Bekele said in televised comments, a transcript of which was provided to Reuters by his office. “The filling of the dam doesn’t need to wait until the completion of the dam.” The water level had increased from 525 metres to 560 metres, he said. The comments by Seleshi did not address whether Ethiopia had closed the gates of the dam. The area has also seen recent heavy rainfall. “My understan...