South Africa's Kganyago Provides Fuel for Best Bond Return in EM
South Africa's central bank chief has given the country's local-currency bonds another reason to add to their market-leading returns.
Investors are piling into the debt after South African Reserve Bank Governor Lesetja Kganyago argued strongly on Thursday for a reduction of the inflation target which, he said, would boost growth and lead to lower interest rates in the long term. Yields on 10-year government bonds plunged 16 basis points, and extended the drop on Friday to a six-month low.
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News24
23 minutes ago
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Sundowns come short in CAF Champions League final
Sundowns' defence failed to deal with easy balls in the box Rayners' goal was not enough for Sundowns. Coach Cardoso loses the second successive CAF final. It was a case of so near yet so far for Mamelodi Sundowns, as they failed at the last hurdle of the CAF Champions League. The South African champions lost a game they should have won easily had they defended well at the end and taken their chances in front of goal. They missed the opportunity of being awarded the trophy by their former chairperson, Patrice Motsepe, who is now the CAF president. Despite launching a late onslaught, Sundowns still went 2-1 down to Pyramids of Egypt in the second leg of the final on Sunday. They lost the two-legged final 3-2 on aggregate after the two teams played to a 1-all draw at Loftus a week ago. In the process, the Egyptians lifted their maiden Champions League trophy, denying the Brazilians a second star. Needing a victory or a high-scoring draw to lift the trophy, Sundowns started on the bright side, putting the hosts on the back foot from the start of the game. However, they were undone by poor defending at the back when Grant Kekana's weak clearance fell on the path of Fiston Mayele, who beat Ronwen Williams with a low shot. Sundowns should have gone to the break level, but Tashreeq Matthews squandered a golden opportunity when he failed to find the back of the net on the stroke of halftime. The hosts increased their lead in the 56th minute when Ahmed Sawy's low header beat Williams from a free kick. Iqraam Rayners pulled one back for Sundowns with about 20 minutes left on the clock, which made for an interesting end of the game. Knowing that a draw would be enough to lift the trophy, Sundowns threw everything at Pyramids and twice came close to levelling matters. However, Pyramids hung on until the final whistle.
Yahoo
an hour ago
- Yahoo
Pyramids survive tense finish to be crowned African champions
Pyramids defender Ahmed Samy (2R) celebrates scoring against Mamelodi Sundowns in the CAF Champions League final second leg in Cairo. (Khaled DESOUKI) Pyramids of Egypt survived late pressure to beat Mamelodi Sundowns of South Africa 2-1 in Cairo on Sunday and win the CAF Champions League for the first time. Competing in the premier African club competition for only the second time, Pyramids triumphed 3-2 on aggregate after the first leg was drawn 1-1 in Pretoria last weekend. Advertisement Fiston Mayele scored after 23 minutes and Ahmed Samy on 56 minutes for the Egyptian outfit before Iqraam Rayners reduced the arrears in the 75th minute. Listless for much of the match, Sundowns pressed in the closing stages, but the second goal that would have given them overall victory on away goals proved elusive. Pleas by Pyramids, who normally attract crowds of just a few thousand, for support led to their 30,000-seat stadium being about half full for the second leg. Both clubs made one change to the first-leg starting line-ups last weekend in Pretoria, where Walid el Karti headed an added-time equaliser after Lucas Ribeiro gave Sundowns an early second half lead. Advertisement Pyramids coach Krunoslav Jurcic, a former Croatia midfielder, dropped forward Ibrahim Adel, scorer of six goals en route to the final, and promoted ex-English Premier League forward Ramadan Sobhi. Sundowns' Portuguese coach Miguel Cardoso left out Brazilian forward Arthur Sales and gave a starting place to midfielder Jayden Adams. Cardoso is only the second coach after Argentine Oscar Fullone to reach consecutive Champions League finals with different clubs. Fullone, who died in 2017 aged 78, guided ASEC Mimosas of the Ivory Coast in 1998 and Raja Casablanca of Morocco the following year to victory in finals of the premier African club competition. Advertisement - Mayele scores - Cardoso took Esperance of Tunisia to the 2024 final, which they lost to Al Ahly of Egypt with an own goal separating the sides. A new Champions League trophy, unveiled before the first leg, was brought to the touchline at the 30 June Stadium by 48-year-old Nigerian legend and former Inter Milan and Arsenal star Nwankwo Kanu. On a warm, windy first day, both teams constantly surrendered possession cheaply before Pyramids took the lead when Mayele scored his ninth goal of the African campaign. A cross by Ahmed Atef was partially cleared by Grant Kekana and Mayele pounced to slam a snap low shot across goalkeeper Ronwen Williams into the far corner of the net. Advertisement Tensions rose and the Somali referee yellow-carded Atef and Aubrey Modiba after the duo had an angry clash, leading with their heads. Sundowns squandered a great chance in first half added time when Tashreeq Matthews broke through only to see his shot parried by the left leg of goalkeeper Ahmed el Shenawy. It was the only time the Pretoria outfit threatened in the opening half despite having much more possession. Pyramids struck again when Mohamed Chibi placed a free kick into the goalmouth and central defender Samy headed powerfully into the net. It was the first goal for Samy in the 16-match Champions League campaign and he became the 19th Pyramids player to score in the competition this season. Sundowns replied when a weak headed clearance offered Rayners a chance and he fired past El Shenawy from close range. dl/pb
Yahoo
an hour ago
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Sudan's prime minister dissolves government, state news agency reports
CAIRO (Reuters) -Sudan's new Prime Minister Kamil Idris has dissolved the country's caretaker government, state news agency SUNA reported late on Sunday. SUNA did not specify when a new government, the first since war broke out between the Sudanese army and the paramilitary Rapid Support Forces, would be announced. Idris was appointed by army chief Abdel Fattah al-Burhan, Sudan's head of state. The RSF has said since earlier this year that it would form its own parallel government with allied parties. Idris took the oath of office on Saturday as the country's first prime minister since a military-led coup in 2021. In a speech on Sunday, he vowed to remain at equal distance from all political parties and to prioritize stability, security, and reconstruction in Sudan.
