Flash Briefing: SA Covid variant threatens global recovery; Zuma, Malema - storm in tea cup? Africa GDP shrinks; rand

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* The South African Covid-19 variant could threaten the global recovery, warns Bloomberg as a Wits trial fails to demonstrate the AstraZeneca vaccine's efficacy against serious illness.
* In a carefully calculated event designed to generate maximum publicity, corruption-tainted former president Jacob Zuma and EFF leader Julius Malema had a tea party in a show of solidarity. Zuma is under pressure to testify at the Zondo inquiry into state capture - and says he'd rather go to jail than testify.
* Sub-Saharan Africa needs concessional finance to help it recover from Covid-19's economic smack, says outgoing African Union President Cyril Ramaphosa.
* The rand was stronger at the end of the business week. Learn more about your ad choices. Visit megaphone.fm/adchoices
7 Feb 2021 5AM English South Africa Investing · Business News

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