Trump fires intelligence official who had key impeachment role
World
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UIF braces for COVID-19 claims flood
The organisation is responsible for providing relief to eligible employees in times of distress.
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US could be next 'virus epicentre' as India locks down, global recession looms
India joined the ranks of Britain and other countries clamping down to hold back the virus as business activity collapsed from Japan to the United States at a record pace in March.
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SAA suspends all domestic flights during lockdown period
In a statement on Tuesday, SAA said that it supported government's efforts to 'retard, contain, manage and disrupt the rate of transmission of the COVID-19'.
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Afasa uncertain what effect lockdown will have on exports
Food production will continue as the farming and agricultural sector is exempted from the 21-day lockdown which will be imposed on Friday to help fight the spread of COVID-19.
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Treasury ready to provide support where needed - Mogajane
Treasury Director-General Dondo Mogajane said the Appropriations Bill may need amending as the government sought to manage its finances and deal with spending pressures caused by the coronavirus pandemic.
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UIF receives increased SMME applications for COVID-19 relief
The government promised businesses that they could rely on the UIF’s temporary employer/employee relief scheme, which funds employers facing economic distress.
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Ntshavheni: 51% black ownership requirement for funding is fake news
With small, medium and micro-enterprises set to be hardest hit by the national shutdown, there was fury at the suggestion that only companies that are majority black-owned would qualify for government assistance.
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Virgin Active closing gyms nationwide on Tuesday
In a statement, the health club said the move was in support of government’s announcement of a 21-day lockdown to help curb the spread of coronavirus.
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Tourism Dept sets aside R200m for small businesses likely to be hit by lockdown
Companies will have to show their businesses have been hit by the COVID-19 pandemic.
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Business already contributing to Solidarity Fund - Patel
The fund, kick-started by donations of R1 billion each from the Rupert and Oppenheimer families, is intended to help mobilise business and civil society to back government efforts to contain the spread of COVID-19.
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SA's foreign direct investment dips in 2019
Since the beginning of February, as coronavirus infections climbed, the rand plunged more than 10%, bond yields rose to all-time highs, while around R4.5 trillion exited the Johannesburg Stock Exchange.
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Rand on the ropes as virus fears mount
With South Africa reporting a sharp jump in confirmed coronavirus cases on Monday to 402, from less than 50 just over a week ago, sentiment towards the rand and other local assets is set to remain on the ropes.
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Ex-boss Moyo's appeal dismissed - Old Mutual
The Supreme Court of Appeal has refused ex-Old Mutual Chief Executive Peter Moyo leave to appeal a decision overturning his temporary reinstatement and dismissing the case against his sacking in June, Old Mutual said on Monday.
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COVID-19: Ford temporarily suspends production in SA, India, Thailand, Vietnam
The company said the shutdown would continue for several weeks.
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Rand on the ropes as virus fears mount
At 0700 GMT the rand traded 1.2% weaker at 17.7380 per dollar against a close of 17.5310 on Friday, edging closer to an all-time worst level of 17.9950 reached in late 2015.
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Banking Association mulls industry response to COVID-19 pressure
The spread of the virus has had adverse effects on the already ailing economy, with some businesses struggling to perform at optimum productivity.
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Telkom pledges R15mil to help fight against coronavirus
The funds are meant to be directed to the country's primary health system and will also be directed to vulnerable communities.
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Standard Bank announces payment holiday for certain clients
The bank made the announcement amid growing calls for consumer reprieve as the country grapples with the spread of COVID-19.
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Tsogo Sun to close 36 hotels as demand collapses
Tsogo said in a statement it was looking to reduce costs and capital expenditure further and this will be done by closing a number of hotels in the key areas where the firm has multiple properties.
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Amazon raises overtime pay for warehouse workers
Hourly workers at Amazon’s US warehouses will receive double pay after 40 hours for overtime, up from the 1.5-times rate, from 15 March through 9 May.
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Acsa: International flights turned back to protect SA citizens
This was also in line with President Cyril Ramaphosa’s ban of international travel to and from these countries.
