Business

Coronavirus hammers global growth 

South Africa’s mining and manufacturing sectors are predicted to be down for the first quarter of 2020 because of low demand from China 

Ramaphosa says recession announcement is ‘not a surprise’

President warns of tougher economic times ahead as the world’s leaders plan for a global economic slowdown

South Africa’s economy plunges into a recession

The country’s economy grew by only 0.2% in 2019, after it experienced contractions in both the third and fourth quarter

Graphic: 2020 estimates of national expenditure

See how much each department has been given as their slice of the pie by Finance Minister Tito Mboweni

State can’t yet afford wealth fund

Despite the government’s announcement of a R30-billion sovereign wealth fund, analysts are questioning its utility in a time of increasing debt

Pepsi’s Pioneer acquisition is not healthy

The move may provide a short-term economic boost, but it also has long-term health costs

Budget 2020 — Tito squares up to unions with wage cuts

Finance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget

Ratings agencies might give SA a ‘klap’ — Mboweni

Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk

Sars expects to collect less revenue for the year

The revenue service is expecting another year of tax undercollection thanks to weak economic growth and strained consumers.

READ IT IN FULL: Mboweni’s budget speech

Here is the finance minister's address on the 2020 budget

LIVESTREAM: Mboweni delivers budget speech

Watch: The finance minister delivers the budget less than two weeks after the president's state of the nation address

Dan Matjila’s grand plans to save Eskom

The former PIC chief muses over PIC debt-for-equity, privatisation and selling off power stations

Moody’s axe likely to fall on ordinary South Africans

The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27

‘US good, China bad’ is Pompeo’s message to Africa

During his African tour this past week, United States Secretary of State Mike Pompeo talked up Washington’s ability to stimulate growth and entrepreneurship on the continent.

A spoonful of sugar makes taxes go up

NGO Heala is asking for the health-promotion levy to be hiked, while also dismissing claims by the sugar industry that this will cause job losses

SAA’s rescue men fly in defiance

The airline’s business rescue practitioners ignored a warning not to announce route closures and possible job cuts ahead of a restructuring plan

Mponeng sale is a lifeline

AngloGold head Kelvin Dushnisky views Harmony’s Gold purchase of Mponeng as a positive step for the future of the mine

Japan-style chain Miniso does a runner

After being in South Africa for almost three years, Miniso left without a trace late last year. This exit has now left a group of franchisees, who have invested millions of rands in its stores, with massive losses

Press Releases

The online value of executive education in a Covid-19 world

Executive education courses further develop the skills of leaders in the workplace

Sisa Ntshona urges everyone to stay home, and consider travelling later

Sisa Ntshona has urged everyone to limit their movements in line with government’s request

SAB Zenzele’s special AGM postponed until further notice

An arrangement has been announced for shareholders and retailers to receive a 77.5% cash payout

20th Edition of the National Teaching Awards

Teachers are seldom recognised but they are indispensable to the country's education system

Awards affirm the vital work that teachers do

Government is committed to empowering South Africa’s teachers with skills, knowledge and techniques for a changing world

SAB Zenzele special AGM rescheduled to March 25 2020

New voting arrangements are being made to safeguard the health of shareholders

Dimension Data launches Saturday School in PE

The Gauteng Saturday School has produced a number of success stories