SA's wine exports now free to flow
Business
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Rand rallies with riskier assets on signs of slower coronavirus infection rates
Stocks were also significantly higher, as yield and value hungry investors kept on the sidelines during recent volatility took advantage of historically low prices to re-enter the market.
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SA should not approach IMF for help, ANC and allies say
Finance Minister Tito Mboweni said last month that South Africa would only approach the IMF or World Bank for help fighting the coronavirus 'if we run out of finance for health interventions'.
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SA can't afford extended lockdown, says economist
Already battered and bruised, the economy could shrink even further should government extended the lockdown as has been rumoured, economist Siya Biniza said.
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Concerns over SA's economic growth if COVID-19 not controlled soon
The South African Reserve Bank has slashed its growth forecasts for this year, predicting that the economy could shrink by between 2% and 4%.
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Some SA companies cut working hours, salaries over lockdown
Non-essential industries have been closed for 11 days now, with some employees working from home, while others were left with zero production.
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COVID-19 could see SA’s economy shrink by up to 4% - Reserve Bank
In its bi-annual monetary policy review, the Reserve Bank said growth was unlikely to exceed 1% next year.
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Treasury set to take R19bn loan from New Development Bank to fight COVID-19
South Africa was dealt the latest ratings blow on Friday, when Fitch placed the country two notches into junk.
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Fitch downgrades SA's credit rating to BB with negative outlook
This comes after Moody's put the country in junks status a week ago.
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Public sector unions to take govt to court over 0% wage increases
Government said this was part of plans to slash the public sector wage bill by R160 billion in the next three years.
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IIF urges SA to seek IMF funding, EFF rejects Mboweni finance suggestion
The Institute of International Finance said that it expected South Africa's economy to contract by 2.5% in 2020 but said that waning demand, travel restrictions and pandemic-related closures could lead to a deeper recession.
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Lockdown: Academics propose special grant for the poor
The academics wrote to President Cyril Ramaphosa calling for all evictions due to failure to meet rent obligations to be banned during the 21 days nationwide lockdown period.
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PAUL MASHATILE: The artillery being used by SA in the fight against COVID-19
As opposed to a large fiscal artillery, what South Africa is bringing to the fight against the economic impact of COVID-19 is the collective will of all sectors of society to pull together through this challenging period, writes Paul Mashatile.
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Rand crashes to all-time low after Moody's pulls the plug
Moody’s downgrade will see South Africa kicked out of the benchmark World Government Bond Index (WGBI) of local-currency debt at the end of April, triggering up to $12 billion of forced selling, treasury and analysts estimate.
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Moody's credit ratings downgrade no surprise, says analyst
Last Friday, Moody's joined the other two major ratings agencies in downgrading South Africa's sovereign credit rating to junk status.
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Sarb announces new measures to ensure flow of cash in economy
The interventions include quantitative easing that would see the central bank buy longer-term government securities to increase the money supply and encourage lending and investment.
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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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ANALYSIS: COVID-19: Could the cure be worse than the disease for SA?
There are reasons to believe the promulgated measures announced by President Ramaphosa may be excessive and premature, writes Seán Mfundza Muller.
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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%.
