The loan is intended to help bolster South Africa’s fight against the coronavirus pandemic. The African…
Category: Economy
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…
Cyril Ramaphosa explains how much SA’s lockdown has cost so far
It seems you can put a price on an enforced lockdown, and it’s predictably eye-watering. But…
SA aviation revenue will drop by R55-billion this year
Air transportation bodies estimate that 2020 activity is 56% down on 2019, placing more than 200…