The International Monetary Fund has approved a $4.3-billion – R71-billion – loan to South Africa to bolster the economic relief package
Amid the headwinds created by the Covid-19 pandemic, it’s time the Aloe ferox, which survives in dry, harsh conditions, is nurtured — but the options are limited
The state wants to increase spending on infrastructure to drive economic recovery, and South Africans’ savings could help foot the bill
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 Electoral Commission of South Africa said next year’s local government elections will go ahead despite the pandemic as it has plans in place to keep employees and voters safe
Stats SA’s latest GDP figures show the country’s economy has shrunk 2% in the first quarter of 2020
After just three months of lockdown, more than 100 000 workers could lose their jobs
As with everything, terms and conditions apply
We are understandably focused on this crisis, the Covid-19 pandemic, that is killing people and destroying livelihoods everywhere. But we are losing sight of the other crises that destroy life
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
The lockdown has prevented public consultations and parliamentary committee meetings on the commercial use of marijuana and hemp
The state of politics and geopolitics has been exacerbated, rather than stabilised, by the coronavirus crisis
The pandemic has disturbed global production chains, so strengthening local chains will ensure supply, boost the country’s manufacturing capacity and inspire innovation
Allied forces in the two world wars were provided with cigarettes. The anti-smoking Nazis used taxes on tobacco to help fill Germany’s depleted coffers
Finance Minister Tito Mboweni has outlined the fiscal and monetary policy interventions implemented by the government in its fight against Covid-19
The finance minister will brief the media following President Cyril Ramaphosa’s announcement of an R500-billion package of economic measures aimed at addressing challenges facing the economy
President Cyril Ramaphosa is set to announce the government’s long-awaited economic stimulus plan to deal with the effects of Covid-19. The key will be getting loans for a stimulus without ‘selling’ the country.
The Ramaphosa Presidency has been praised for its handling of the coronavirus pandemic, but the compensating measures that accompany it are inadequate to protect much of the population
Practitioners inform staff that the government’s rejection of R10-billion bailout last week almost guarantees that the prospect of rescue is now impossible
Measures to contain Covid-19, including the lockdown, are costly and hurt the economy
With little money to respond to Covid-19, the government is looking at other sources of funding
As Covid-19 upends life, it has taught us critical lessons and offers an opening to confront other crises. Political will is required, of course
The central bank warns of the harmful effect of Covid-19 on the economy, while the treasury details more plans to ease the pain
Introduction The COVID-19 pandemic is one of the greatest challenges that has ever faced our nation. It is three simultaneous shocks. It is a health shock, which will stretch the resources of our health care system to its limit. It is a global economic shock, which will substantially reduce global growth and consequently external demand, […]
Treasury says the credit ratings downgrade “could not have come at a worse time”, as country enters a 21-day Covid-19 lockdown with little money saved up
The energy department last week took out a draft of determinations proposing more than 13000MW of power to be supplied
Covid-19 has put a strain on the limping economy and something must be done to keep it going
Money from the national disaster management fund will be used to fight the spread of the coronavirus and funds from other departments could be used as well
The fiscus loses millions each day because of illicit trade. Sars can’t tackle this problem alone: it is up to all citizens to play their part