Business
Kubayi-Ngubane: Tourism sector ready to welcome increase in activity
President Cyril Ramaphosa recently announced an easing of restrictions, which will kick in at the stroke of midnight on Sunday.
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Nsfas, Neawu to continue wage negotiations
Nehawu wants an 8% salary increase for workers but the financial aid scheme offered a 4.3% increase.
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Numsa slams aviation sector for not paying out UIF benefits to workers
Numsa argued that the department didn’t disclose when they will begin to disburse the special coronavirus grants again.
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Public Enterprises to continue to assess interest in restructuring SAA
The Public Enterprises Department said it received 20 expressions of interest from private sector funders, private equity investors and partners for a restructured SAA.
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Numsa, Sacca picket outside SAA offices after govt misses funding deadline
Workers demonstrated after government missed a deadline to make funding available for a restructuring plan.
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Minerals Council welcomes move to level 1, backs Ramaphosa's recovery plan
The council on Friday said the mining industry supported President Cyril Ramaphosa’s call to ‘move to rebuild South Africa’s battered economy, restore growth and create jobs’.
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Unchanged interest rate can still benefit prospective homeowners - Seeff
South African Reserve Bank Governor Lesetja Kganyago announced on Thursday that the repo rate would remain unchanged at 3.5%.
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Alchol sector welcomes level 1 move, worried about off-consumption restrictions
CEO of the South African Liquor Brandowners Association, Kurt Moore, said that the extension of trading days was a step in the right direction but not far enough for the sector that was struggling to recover from the two waves of bans on sales during the lockdown.
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SAA administrators call creditors' meeting after govt misses funding deadline
The administrators took control of state-owned SAA in December after almost a decade of financial losses and published a rescue plan in June following repeated delays and wrangling over its future.
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As deadline looms, scramble on TikTok deal structure
A deal appeared to be taking shape this week that would allow Silicon Valley-based Oracle to be the US technology partner for TikTok to allay Washington's concerns that the platform could be used for Chinese espionage.
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SARB pleased its monetary policy softened COVID-19 blow on households
The Bank has decided to keep the repo rate unchanged at 3.5% after it had reduced the rate by 300 basis points so far this year.
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SARB Governor Lesetja Kganyago announces repo rate remains unchanged
Kganyago made the announcement during a briefing on Thursday afternoon.
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WATCH: Will the Reserve Bank drop the repo rate on Thursday?
The bank has reduced the rate by 300 basis points so far this year, in an effort to promote growth amid an economy suffering under the effects of the COVID-19 lockdown.
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SAA administrators call for creditor meeting on Friday following funding snag
The creditor meeting will be convened to discuss the funding issue and the proposed future of the cash strapped state-owned entity.
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Events industry welcomes move to lockdown level 1
President Cyril Ramaphosa on Wednesday said that venue holders were now permitted to allow people to occupy up to 50% of each venue’s space capacity.
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Ramaphosa says coming economic recovery plan a 'milestone for our country'
President Cyril Ramaphosa said that government had made strides in plotting a way forward and the country was out of the worst of the economic turmoil.
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With audience limits, entertainment sector firms worried about covering costs
From Sunday midnight, venues for entertainment such as gyms and theatres – which were limited to no more than 50 people - will now be allowed to accommodate up to 50% of their venue’s capacity.
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Economists express mixed views on another rate cut ahead of MPC announcement
The Sarb has reduced the interest rate by 300 basis points so far this year in an effort to promote growth amid an economy suffering under the effects of the COVID-19 lockdown.
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Govt extends UIF relief fund to support struggling workers, businesses
The COVID-19 pandemic and the associated lockdown have been particularly bruising for the economy.
