Pariament has unanimously supported a call by President Cyril Ramaphosa for a retrospective 0% salary increase…
Category: Economy
SASSA SRD grants: You can now receive funds directly into bank accounts
It’s probably long overdue, but beneficiaries can now elect to have their SASSA SRD grants paid…
Confirmed: SA’s R70bn loan from IMF is ‘biggest grant so far’
Good news for government: The IMF has approved a loan of R70bn for South Africa, as…
South Africa secures R5 billion loan from African Development Bank
The loan is intended to help bolster South Africa’s fight against the coronavirus pandemic. The African…
SA manufacturing industry crashes by half during lockdown
The manufacturing industry has contracted by 49.4% since the same time last year, with a 98%…
GDP plummets by 2% – here are the worst-affected industries
It’s one for the masochists: South Africa has released its GDP stats for Q1 of 2020,…
Supplementary budget tax revenue targets may be unrealistic
Business and consumer activity will only ramp up very slowly over the next year, says accounting…
Mboweni says part of his Budget speech ‘removed’: But was it a pension raid?
We’ve got a Minister Mboweni mystery on our hands. Tito says some of his speech ‘disappeared’…
Second wave fears cause uncertainty ahead of supplementary budget
Over the past week we saw fears of a second wave of infections gripping the market…
Labour department issues out close to R6bn in May relief payments
The Department of Labour has given out an update on how many people have received UIF…