Health department gives detailed update on COVID-19 in SA
The total number of cases confirmed since the virus was first detected in South Africa now stands at 1170, with the country recording its first death as a result of the virus.
Mboweni: Govt ‘not trembling in its boots’,at rating downgrade an understatement
Moody's downgraded South Africa's sovereign credit rating to junk status, joining the other two major agencies.
Moody’s drops SA’s credit rating to junk status
The agency has downgraded the country one notch to BA-1 from BAA3 and maintained a negative outlook.
COVID-19: Ford temporarily suspends production in SA, India, Thailand, Vietnam
The company said the shutdown would continue for several weeks.
Repo rate reduction seen as good move for economy
Reserve Bank Governor Lesetja Kganyago announced a reduction in the repo rate of 100 basis points to 5.25%.
Despite negative effects of COVID-19, SA economy will bounce back - Kganyago
The reserve bank governor on Thursday announced a reduction in the repo rate of 100 basis points to 5.25%.
JSE loses nearly 10% on 'worst day in almost 2 decades'
The local bourse has followed international markets, with some equities under major pressure.
JSE sees another major drop, rand under pressure over COVID-19 fears
The local bourse followed international markets with some equities under major pressure.
Coronavirus: Italy on lockdown, SA increases efforts to contain the spread
All public gatherings will be banned, sports events including soccer matches are suspended, and movement is being severely restricted across the nation in a bid to contain the disease caused by the coronavirus.
Stocks plunge on JSE as fears over coronavirus mount
Markets were shocked overnight, with the price of Brent crude oil spiralling down around 30%.
Rand weakens as Moody's highlights concerns over Budget
The local currency had initially strengthened after Finance Minister Tito Mboweni unveiled the plan to cut the public sector wage bill by R160 billion.
No more route cancellations expected at SAA - acting CCO
The struggling airline assured customers that the airline was here to stay and no more route cuts were expected, despite a number being cancelled at the end of this month.
SA's economic growth stuck in low gear - Moody's
It's revised this year's forecast to 0.7% and 0.9% for next year and said it had a number of concerns.
Moody's puts SA's economic growth at 0.7% this year, blames load shedding
The country continues to be hit by load shedding with businesses complaining about lost productivity.
Mozambique withdraws appeal to extradite former minister from SA
Both Mozambique and the United States (US) have been seeking to prosecute Chang over an alleged R30 billion fraud.
SAA assures staff January salaries will be paid
The embattled state-owned company is fighting for its survival after it entered a form of bankruptcy protection last month and cancelled some flights this week because of cash shortages.
IMF lowers growth forecasts for SA economy
There is general consensus that nationwide power cuts have dented economic output and sapped investor confidence in the economy.
Sale of SAA aircraft ‘demonstration of rampant looting’, says Numsa
Unions have raised suspicion after the cash-strapped airline put up a tender notice on its website this week about selling nine aircraft and fifteen spare engines.