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WC tourism industry preparing for tough festive season as COVID-19 cases rise
Cape Town Tourism CEO Enver Duminy on Wednesday said small businesses would be the hardest hit.
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2018 public sector wage agreement went through necessary approvals, court hears
The state and unions are battling it out in the Labour Appeal Court over government’s decision to unilaterally withdraw part of the agreement, which saw public servants not receiving salary increases in April.
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No money spent on admin costs, Solidarity Fund chair tells MPs
The Solidarity Fund has received donations from more than 2,700 companies and foundations locally and abroad as well as from more than 300,000 ordinary South Africans.
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GALLERY: How COVID-19 changed Black Friday 2020
EWN visited the Shoprite in Diepsloot, Makro in Woodmead and Greenstone shopping centre to check how Black Friday has been affected by COVID-19 this year.
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EXCLUSIVE: Dept Finance Minister Masondo's thoughts on SAA & SA's credit ratings
In a wide-ranging interview with Eyewitness News on Wednesday, Deputy Finance Minister David Masondo disagreed with pundits who questioned why the country was further downgraded.
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Govt will not accept strings attached to loans from World Bank, says Mboweni
Speaking during a webinar organised by Bloomberg on Tuesday, Finance Minister Tito Mboweni was asked about progress on securing a loan from the World Bank.
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Mboweni: Fitch & Moody's credit rating downgrades painful
Reacting to the news, Finance Minister Tito Mboweni said that there was an urgent need for government and its social partners to implement structural reforms to avoid further harm to the country's sovereign rating.
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Moody's & Fitch downgrades push SA further into junk status
Moody's has downgraded the country's credit rating one notch to BA2 and maintained a negative outlook, while Fitch has downgraded South Africa's credit rating from BB to BB- and with a negative outlook.
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Reserve Bank keeps repo rate unchanged at 3.5%
Prior to Thursday's announcement, the bank's Monetary Policy Committee had cut the repo rate by 275 basis points this year to try and counter the effects of negative growth due to COVID-19.
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SA Investment Conference hopes to sell country as attractive business stop
On the conference’s agenda are various subjects, including the energy plan, small business growth and infrastructure investment.
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Ramaphosa: Infrastructure projects to be real driver of SA's economic recovery
President Cyril Ramaphosa said that his administration's economic recovery plan was moving ahead with a number of infrastructure projects already starting.
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SA’s job market continues to decline as unemployment rate soars
While the country’s working-age population continued to grow, increasing by 585,000 or 1.5% in the third quarter, the job market continued to contract.
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Sun International welcomes lifting of international travel restrictions
Over the past few months, the hospitality and tourism industry has been severely affected by the COVID-19 pandemic.
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Mboweni positive on SA economy as Parly approves MTBPS fiscal framework
Separate sittings of the National Assembly and the National Council of Provinces (NCOP) on Wednesday gave the green light.
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SA needs to pay attention to US election results, say economists
At a time that the COVID-19 pandemic has wrecked the global economy countries around the world are scrambling to rebuild their finances.
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ANALYSIS: SA economic reform plans fall short of what’s needed: a few pointers
South Africa needs some serious structural reforms before its moribund economy can come to life.
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Mboweni warns that any slippage in fiscal framework will see debt overtake GDP
The higher the debt to GDP ratio rises, the less likely a country is able to pay down its debt and its risk of defaulting increases, with potentially ruinous consequences.
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Hard lockdown had a significant effect on Sars’ revenue collection - Kieswetter
Edward Kieswetter on Thursday said that imports decreased, with local VAT also affected during the hard lockdown, adding that the tax base was also getting smaller.
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Inside the 2020 medium-term budget policy statement
Take a look at the key figures announced by Finance Minister Tito Mboweni during his medium-term budget policy statement on 28 October 2020.
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Mboweni: SAA funding the fulfillment of an obligation as SAA’s shareholder
SAA is not the only state-owned enterprise (SOE) that will get funds from the fiscus. Various SOEs will be funded to the tune of more than R20 billion over the next few years.
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Mboweni relying on public sector wage bill reduction to shrink budget deficit
Finance Minister Tito Mboweni warned that public finances needed to be rehabilitated as efforts went into helping the economy to recover from the COVID-19 pandemic and lockdown.
