La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

South Africa to launch new national airline

Definitely abandoning any bailout of the bankrupt national airline South African Airways (SAA), the South African government has announced that it will recreate a new national airline.
 
South Africa to launch new national airline

"It will not be the old SAA but the beginning of a new journey towards the constitution of a new restructured company which will be the new standard of South Africa", announced Friday the Ministry of Public Enterprises in a press release . "The stakeholders (…) have agreed on a long-term vision and strategy" with a view to "creating a new dynamic airline," said the South African ministry, adding that the future national company will have “both public and private shareholders”.

Heavily indebted and recently placed in recovery, SAA has recorded no profit since 2011 and has only survived for years with a permanent infusion of public money. The near total halt in world air traffic caused by the current health crisis has made the survival of SAA, which employs 5,200 people, even more uncertain.




Last month, the government refused to pay yet another 10 billion rand (500 million euro) emergency aid to the company, declaring it bankrupt. "The former SAA is dead, there is no doubt about it," said Minister of Public Enterprise Pravin Gordhan at the Bloomberg agency.