MAIL & GUARDIAN: Business

SAA creditors give go-ahead on rescue plan

Unions and staff representatives have agreed to severance packages for about 2 700 employees who will lose their jobs.

Basic income grant on the cards as Covid-19 threat intensifies

The pandemic has triggered a global economic crisis that will leave many South Africans without income security

Cooper, the grocery assistant with AI, gives concierge service

The coronavirus pandemic has demonstrated that there is not a part of our lives that will not be affected by the technologies of the fourth industrial revolution.

Black Lives Matter: The South African economy’s unfinished business

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

ANC wants pension funds to finance infrastructure build

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

Ebrahim Patel MIA as the South African National Accreditation System battles its board

Trade and Industry Minister Ebrahim Patel has failed to intervene at the South African National Accreditation System since being made aware of alleged board inteference last November

Jury’s out on green recovery

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

Battle over R6bn workers’ retirement fund

Allegations from both sides tumble out in court papers

Eskom refers employees suspected of contracts graft for criminal investigations

The struggling power utility has updated Parliament on investigations into contracts where more than R4-billion was lost in overpayments

Unemployment fund, CCMA face jobs bloodbath

State bodies shielding workers have been weakened by budget cuts and high demands

Labour minister paints four bleak scenarios for the UIF if layoffs go above 41%

The fund has been selling assets to make Temporary Employer/Employee Relief Scheme payouts

South Africa’s GDP contracts 2%, entrenches recession

Stats SA’s latest GDP figures show the country’s economy has shrunk 2% in the first quarter of 2020

Possible lockdown retrenchments are already soaring

After just three months of lockdown, more than 100 000 workers could lose their jobs

Workers battle for UIF payouts

Snarl-ups at the Unemployment Insurance Fund and bosses not assisting employees worsens people’s suffering

‘Don’t be afraid of fresh ideas’

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

SA’s economy expected to contract by 7.2% in 2020

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

Mboweni to further tighten the belt in his budget

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

Workers rights rolled back as Covid-19 strikes

The economic crisis triggered by the pandemic has laid bare longstanding deficiencies in labour rights around the world

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