The International Monetary Fund has approved a $4.3-billion – R71-billion – loan to South Africa to bolster the economic relief package
About R8-billion was lost during the hard lockdown and revenue is being slashed further
The state wants to increase spending on infrastructure to drive economic recovery, and South Africans’ savings could help foot the bill
Unions and staff representatives have agreed to severance packages for about 2 700 employees who will lose their jobs.
The party released its plan for the reconstruction of the country’s post-coronavirus economy on Friday. This would involve changes to Regulation 28 of the Pension Funds Act
The active case count of Gauteng surpasses that of whole countries. Workers at clinics report a ‘concerning’ relaxation of basic health protocols
State bodies shielding workers have been weakened by budget cuts and high demands
The fund has been selling assets to make Temporary Employer/Employee Relief Scheme payouts
Stats SA’s latest GDP figures show the country’s economy has shrunk 2% in the first quarter of 2020
The finance minister has found money for the Covid crisis, but the cupboard is bare and he warns that a fiscal crisis is possible in 2024