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Gordhan to meet with SAA’s BRPs within 48 hours amid increasing tensions
Briefing Parliament’s committees on public enterprises on Wednesday night, the minister made it clear that the government was at odds with the BRPs’ approach.
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Parties react to BBBEE requirement for COVID-19 relief for small businesses
Finance Minister Tito Mboweni on Tuesday told parliament’s finance committees he could not support a policy position that discriminated against white business owners.
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Mboweni: SA’s structural economic reforms not similar to IMF loan conditions
The minister was speaking during a meeting of Parliament’s finance committees on Tuesday when he defended the decision to consider the IMF’s $4.2 billion loan facility for COVID-19 specific purposes.
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Mboweni: Economy must be re-opened urgently, but people's lives come first
The National Treasury and the South African Revenue Service briefed Parliament’s finance committees on their annual strategic plans and budgets.
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Mthethwa ‘concerned’ about unsuccessful applications for relief funds
The minister on Monday briefed the media about his department’s COVID-19 R150 million sector relief fund.
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Rand recovers in global emerging market bounce
At 0715 GMT the rand was 1.07% firmer at 18.3720 per dollar versus an overnight close of 18.5710.
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The masks market: South Africans spot the gap and are coining it
The lockdown, now on level 4, has resulted in the shutdown of many businesses and disrupted livelihoods.
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How COVID-19 pandemic is affecting the property market
Just like many industries the property market came to a ground halt during level 5 lockdown regulations, and under level 4 South Africans are still not permitted to move houses.
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CARTOON: A Little Shock of Horrors
Dr Jack & Curtis.
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Mogajane: New airline can emerge from ashes of SAA to keep sector alive
Treasury Director-General Dondo Mogajane has detailed the impact of COVID-19 on South Africa and the intervention decisions by government.
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Rand on the back foot as recession clouds gather
Low volumes following Friday’s bank holiday added to the weakness, with a dearth of offshore demand available to cushion thin liquidity, widening spreads, and risk-off sentiment sparked by renewed tensions between the United States and China.
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Shoppers brave the new way of navigating aisle
Hundreds of shoppers took advantage of the additional items allowed to be sold at stores over the weekend.
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Long queues and masks mark the new normal as workers return to work
Under level 4 restrictions taxis are permitted to operate between 5am and 7pm, but their loading capacity was still limited to just 10 passengers.
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About 1.5 million SA workers expected to report for duty today
The partial re-opening of the economy was implemented on 1 May, but it was a public holiday and many people were away from work.
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Good to be back: Fast food sector workers back in the groove as lockdown eases
The reopening of restaurants, albeit for take-away deliveries only, meant more South Africans could start earning a living once more.
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Some fast food chain store employees 'excited' to work as lockdown eases
Restaurants were forced to close their doors following the announcement of the lockdown but may now operate takeaways.
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Rand weaker on rising coronavirus fears
At 1600 GMT, the rand was 2.1% weaker at 18.5280 per dollar, rolling back from a 2-week best of 18.0200.
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Court to hear testimony from Minerals Council in Amcu case against DMRE
The union took the department to court to compel Minister Gwede Mantashe to institute binding regulations for employers during the COVID-19 pandemic.
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Govt concerned about possible resurgence of COVID-19 cases - Patel
However, government said it needed to balance the re-opening of the economy with stopping the spread of the coronavirus pandemic.
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S&P downgrades SA debt to 'BB-' amid virus impact
S&P projects the South African economy will shrink by 4.5% this year compared with the November 2019 estimate of growth of 1.6%.
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Govt plans to establish new airline to replace SAA, claims NTM
According to NTM, this was discussed at the latest meeting between unions and Public Enterprises Minister Pravin Gordhan.
