The ban on alcohol sales does not only affect liquor companies — it ripples lethally through other related businesses such as the bottle and packaging industry, which, if it closed, would mean job losses
Repo rate drops to 3.5% as Reserve Bank predicts a 7.3% contraction in South Africa’s GDP
Transport minister Fikile Mbalula says that the decision to allow taxis to operate at full capacity is driven by ‘rationale’, not fear
Restaurateurs have only been able to survive the Covid-19 restrictions by closing their doors — it’s just too expensive to serve guests on the premises
Tshegofatso Mathe spoke to people in the South African business world about structural racism in our economy, and what must be done to overcome it
Public-private partnerships and big infrastructure builds have been suggested as ways to boost South Africa’s flagging economy. Another option to consider is green bonds, which would also help achieve climate crisis goals
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
The economy is in a depressed state, and Finance Minister Tito Mboweni has called for cautious use of the country’s finances to avert plunging into a sovereign debt crisis
The finance minister will cut departments’ allocations according to their cloth as one measure, and savings will have been made from underspend during the lockdown
The use of cheques has fallen about 80% in the past decade as consumer habits shift and digital payments continue to gain traction