South African pharmaceutical firm Aspen has signed an agreement with Johnson & Johnson (J&J) to manufacture a COVID-19 vaccine following the completion of clinical trials. The vaccine will be manufactured at Aspen’s R3 billion new sterile facility in Port Elizabeth, which has the capacity to manufacture...
The South African government will reopen its agriculture sector and allow some manufacturing and retail to resume, in order to kickstart the economy which has been shut down for over a month to curb the spread of COVID-19. This follows President Cyril Ramaphosa’s announcement on Thursday...
ArcelorMittal South Africa has cautioned that more than 2,000 jobs may be cut after the steelmaker made a damaging headline loss in the first six months of 2019. The South African subsidiary said it expects to report a headline loss of at least R596 million for...
The Nigerian presidency has announced it will sign the Africa Continental Free Trade Agreement (AfCFTA) after months of deliberation, amid concerns that the landmark deal would threaten local business. Nigeria will sign the huge free trade agreement - aimed at boosting regional trade by 54% by...
South Africa’s economy grew by 2.2% in the third quarter of 2018, thus lifting the country out of recession after recording a 0.4% contraction in the previous quarter of the year. Latest quarterly data revealed that manufacturing and agriculture were key contributors to South Africa’s better...