SA's cabinet in emergency meeting over energy crisis, Johnson victory sends stocks and sterling surging, Namibia's economy shrinks 0.8% in Q3
South Africa is facing severe electricity crisis, causing power cuts and mine closures. President Cyril Ramaphosa has had to cut short his official visit to Egypt and come home to deal with the problem.
After a week-long strike, unions have accepted South African Airways's offer. Economists believe the state-owned airline’s crisis is only the tip of South Africa's problems.
The economy of South Africa suffered two blows in the same day, as news of massive unemployment was reported parallel to the news of record losses for the country's main power company.
South African President Cyril Ramaphosa has picked a new Cabinet that is largely devoid of the taint of corruption and incompetence — and warned that ministers will be "closely monitored."
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