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Global job losses linger after lockdowns

Business Sarah Smit - 24 Sep 2020

Developing countries have been hit harder by the Covid-19 downturn than in past economic crises

Why insurance firms’ earnings are down

Business Tshegofatso Mathe - 19 Sep 2020

Covid-19 has hit the insurance industry especially hard

Q&A Sessions: A focused recovery plan will guide us — Trudi Makhaya

Business Tshegofatso Mathe - 19 Sep 2020

Trudi Makhaya, the president’s economic adviser, talks to Tshegofatso Mathe about her upbringing, favourite books, Covid-19 and solutions to get our country out of its economic stagnation, family, reading, books, literature

SA Express employees in R250m crowdfunding bid to buy their airline

Business Thando Maeko - 18 Sep 2020

Amid the overnight, worldwide crash of the air travel industry, a group of retrenched SA Express employees have an ambitious plan to raise R250-million in seed funding to buy the cash-strapped airline.

Debt rises as virus eats paycheques

Business Tshegofatso Mathe & Thando Maeko - 17 Sep 2020

Heavily indebted, South Africans turn to loan sharks rather than banks for short-term relief, while business resists borrowing from banks due to economic uncertainty

The repo rate remains unchanged at 3.5%

Business Tshegofatso Mathe - 17 Sep 2020

Three members of the South African Reserve Bank’s Monetary Policy Committee(MPC) have decided to keep rates unchanged at 3.5%

Sars is running more smoothly, but still missing targets

Business Tshegofatso Mathe - 13 Sep 2020

The revenue service said that change in compliance behaviour of taxpayers has been observed since April

Bus tour operators plead for help

Business Tshegofatso Mathe - 12 Sep 2020

The tourism transport sector was hammered during Covid-19 levels four and five and is asking the government for financial assistance

SAA creditors get R9.3bn from government

Business Thando Maeko - 11 Sep 2020

The state-owned airline owes R16.4-billion to lenders and needs an additional R10.1-billion to fund the business rescue plan

Former iGas member accuses Gwede and CEF of interfering

Business Thando Maeko - 10 Sep 2020

Board members have quit the gas company, accusing the Central Energy Fund of poor governance, and the energy minister of overreach

SAA needs R2.2bn to pay for voluntary severance packages

Business Thando Maeko - 10 Sep 2020

More than 3 000 employees out of 5 000 have accepted the packages. The state-owned airline, which went into business rescue, is likely to retain 1 000 workers

B4SA approves Ters extension

Business Tshegofatso Mathe - 9 Sep 2020

The department of labour has extended Covid-19 Temporary Employer/Employee Relief Scheme payments until September 15.

South Africa’s economy is in a severe recession

Business Tshegofatso Mathe - 8 Sep 2020

StatsSa has dubbed Q2 of 2020 the “pandemic quarter” as a result of hard Covid-19 lockdown that saw most sectors of the economy plummeting

Whistleblower: Misrule at trade commission

Business Thando Maeko - 6 Sep 2020

The International Trade Administration Commission of South Africa’s senior executives are facing allegations of financial mismanagement and victimising employees

Covid wave brings second quarter slide

Business Tshegofatso Mathe & Thando Maeko - 6 Sep 2020

The gross domestic product numbers are likely to be gloomy, but the economy is not at ground zero

Eskom caught in debt trap

Business Tshegofatso Mathe - 4 Sep 2020

Eskom is appealing an interdict by the courts to stop it from interrupting power to municipalities that owe it billions of rands

Eskom and treasury fight needs urgent attention

Business Sabelo Skiti - 3 Sep 2020

Early signs of instability are creeping into struggling power utility as forces fighting for space in the parastatal take battle to the very top at Megawatt Park

Auditor general flags Ithala Bank’s digital deal

Business Thando Maeko - 30 Aug 2020

The Prudential Authority has given Ithala Bank until June 2021 to submit its application for a banking licence in terms of the Banking Act

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