MAIL & GUARDIAN: Business

Covid-19 jobs unlikely to bounce back

Evidence suggests that job losses triggered by the lockdown may be long lasting

Cape quakes no concern for Koeberg

Last week’s tremor has anti-nuclear campaigners questioning the safety of Koeberg, although the nuclear facility said the plant is designed to sustain a magnitude-seven earthquake

Government misses the mark on the recovery plan

Government, labour, business and community have come up with a combined economic recovery plan amidst three others to help kickstart the economy. Some are new, while others are old and falter in not taking into account the ‘new normal’

Global job losses linger after lockdowns

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

Why insurance firms’ earnings are down

Covid-19 has hit the insurance industry especially hard

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

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

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

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%

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

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

Bus tour operators plead for help

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

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

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

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

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

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

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

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

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