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The Covid-19 lockdown slowed the economy to a point where businesses across all sectors are operating below capacity.  (Delwyn Verasamy/M&G)

South Africa gets R11-bn booster shot from the World Bank to fight Covid-19

As the country battles the pandemic, the World Bank loan will assist to boost the economy

Malusi Gigaba says Standard & Poor’s downgrade of South Africa to junk status is a setback.

Medium term budget policy statement: If only Gigaba was credible

The fact that Gigaba runs at a credibility deficit, may just be what sways ratings agencies to downgrade South Africa to sub-investment grade.

Wits associate professor Chris Malikane is likely to join national treasury.

Treasury sets its sights on Christopher Malikane

Malikane has been openly critical of the ANC and its recently intensified plans for radical economic transformation.

Minister of Finance Nhlanhla Nene must take up where Pravin Gordhan left off.

SA will miss 2014 economic growth target – Nene

The new finance minister says the country is unlikely to meet a a growth target of 2.7% for the year given the protracted platinum strike.

Fed Chairman Ben S. Bernanke said there is no fixed schedule for tapering and it could still start this year should data confirm the central bank’s “basic outlook.”

Rand leads currency drop as Zuma replaces finance minister

The rand has declined after Pravin Gordhan was replaced as finance minister and new leadership appointed in the mining and energy ministries.

New price shocks for Zimbabwe

A shocking new range of price increases were announced on Tuesday as Zimbabwe’s world-record hyperinflation spun further out of control, with charges for cellphone calls soaring…

Wild China weather kills 25, besieges heartland

Chinese premier Wen Jiabao took a bullhorn in hand to encourage stranded passengers in the snow-bound city of Changsha, as unusually severe winter weather snarled transport…

‘Stocks’ beats ‘sex’ in Google China keyword searches

The names of three banks and the word "stocks" beat "sex" to become four of the most Googled words in China last year, according to a Google China list seen on Thursday. China…

Zim glad to see end of ‘year of queues’

After a year which saw the official inflation rate surge to 8 000%, shelves run dry and opposition leaders beaten up, few people in Zimbabwe can wait to see the back of 2007.…

Bush, Bernanke to launch twin subprime assault

United States President George Bush will outline reforms on Friday to help struggling subprime mortgage borrowers and his central bank chief will deliver a speech which will be…