26th July 2024

Good morning! Today, South Africa celebrates a historic first as Mandisa Maya becomes the nation's first female Chief Justice. In Zimbabwe, new measures are being introduced to boost demand for the local ZIG currency and the Adani Group proposes a major investment in Nairobi's Jomo Kenyatta International Airport.

Here is your daily Rooster’s Crow:

South Africa Breaks Barriers with First Female Chief Justice

South Africa has appointed Mandisa Maya as its first woman Chief Justice, a historic milestone in the country's judicial history. Maya, who previously served as the President of the Supreme Court of Appeal, brings extensive experience and a strong track record in judicial reform. Her appointment is seen as a significant step towards gender equality and diversity in South Africa's legal system. This decision aligns with broader efforts to modernize and make the judiciary more representative of the country's demographics.

Zimbabwe Announces Measures to Boost ZIG Currency Demand

Zimbabwe has introduced new measures aimed at increasing the demand for the Zimbabwean dollar (ZIG). The government plans to incentivize the use of ZIG by offering discounts on various goods and services when paid in the local currency. This initiative is part of a broader strategy to stabilize the economy and reduce reliance on foreign currencies. Officials hope that boosting confidence in the ZIG will help curb inflation and encourage more domestic transactions.

Sibanye-Stillwater Delays Results Release After Cyberattack

Sibanye-Stillwater, a major mining company, has delayed the release of its financial results due to a recent cyberattack. The attack, which affected the company's IT infrastructure, is under investigation. The delay underscores the growing risks of cyber threats to corporate operations and data security. Sibanye-Stillwater is working with cybersecurity experts to resolve the issue and ensure the integrity of its financial reporting. The incident highlights the need for robust cybersecurity measures across industries.

Kenya Receives Investment Proposal from Adani Group

Kenya has received a proposal from India's Adani Group to invest in Jomo Kenyatta International Airport, the country's largest airport. The proposed investment aims to expand and modernize the airport's infrastructure, enhancing its capacity and efficiency. This development is part of Kenya's broader strategy to attract foreign investment and boost economic growth. The partnership with Adani Group, if finalized, could significantly enhance Kenya's position as a key transport hub in the region.

Coming up…

South Africa's producer price index and Nigeria's manufacturing PMI data, are released tomorrow.