Sa economy
Ramaphosa: Road to recovery for SA’s economy will be hard but not impossible
President Cyril Ramaphosa said government believed in its R500 billion ambitious relief package aimed at addressing the devastation caused by the outbreak of...
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Maluleke: Global effects of COVID-19 were already being felt in Q1
The second-quarter results are expected to paint an even bleaker picture of the impact of the national lockdown, which forced businesses to shut down, halting economic activity for over two months.
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Consumers urged to avoid pre-lockdown spending habits
DebtBusters’ COO, Benay Sager, said although inflation was at the bottom end of the Sarb’s target range at 3%, the reality for most people was that incomes were not going to increase.
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Soweto restaurant owners say sit-down meals without liquor will cost them
Level 3 lockdown regulations stipulate that alcohol could only be consumed at home and not in public.
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No point in opening if no alcohol sold, say Soweto's Vilakazi Street restaurants
Government gave restaurants the go-ahead from Monday to open with stringent measures, including using hand sanitisers and basic screening on entrance.
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Mbalula announces reopening of more domestic airports under level 3 lockdown
However, all international passenger flights remain prohibited unless Transport Minister Fikile Mbalula approves it.
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JUDITH FEBRUARY: SA’s bitter pill of tough economic decisions
If we are prepared to make the ‘difficult and painful’ political decisions Tito Mboweni talks about, there may be some light at the end of this long, dark tunnel, writes Judith February.
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Moody's says South Africa unlikely to stabilise debt by 2023
The Treasury on Wednesday presented a supplementary budget in response to the coronavirus crisis that projected a wider budget deficit, while public debt was estimated to be more than three-quarters of gross domestic product in the medium term.
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Restaurants, cinemas & casinos may now open after govt gazettes regulations
However, all these sectors still have to wait for sector-specific safety protocols that are yet to be published by government.
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Mboweni: SA must avoid a sovereign debt crisis
The urgency of reining in the government’s spiralling debt was the overriding message from Mboweni’s special adjustment budget this week, and it was one he continued to hammer home.
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Opposition parties call on Mboweni to give clear direction on struggling SOEs
The Finance Minister’s budget focused mainly on COVID-19 spending and servicing South Africa’s mounting debt.
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Seeking foreign funding won't undermine SA's sovereignty - Mboweni
The government is either in talks with or plans to approach the International Monetary Fund, the New Development Bank (Brics bank)) as well as the World Bank for urgent funding.
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Opposition parties reject Mboweni’s ‘uninspired’ supplementary budget
The emergency budget is aimed at addressing the devastated local economy that is buckling under the pressure of the COVID-19 pandemic.
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Mboweni: Our Herculean task is to stabilise SA's debt
South Africa is in the hole for debt of around R4 trillion.
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How to invest in cattle as a diversification strategy and milk the profits
Investing in cattle as a diversification strategy is one such example of non-financial assets that investors are putting their money in.
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TBCSA appeals for further easing of lockdown for struggling hospitality sector
The TBCSA said since the national lockdown was implemented in March, the industry had lost R68 billion.
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SA’s unemployment rate could worsen, economist warns
Stats SA confirmed on Tuesday that in the first quarter of 2020, before the country went into national lockdown, the unemployment rate rose to 30.1%.
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Mboweni to detail way forward for SA with 'emergency' budget
Finance Minister Tito Mboweni will be providing details on the R500 billion relief package that the government intends to help businesses and individuals survive at a time when the country is experiencing record levels of unemployment.
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Govt has new infrastructure model for SA, De Lille tells symposium
Public Works and Infrastructure Minister Patricia de Lille said that they were no longer concerned about new projects but wanted to address existing infrastructure systems, such as spatial planning.
