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Economists have warned that the rand will remain extremely weak in the coming days as the coronavirus continues to ravage global markets. The currency was trading at lows of R17-74 against the...
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President Cyril Ramaphosa has confirmed that the country will be placed under a temporary lockdown for 21 days in an effort to control the spread of Covid-19. “The action we...
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Economist Iraj Abedian says a looming global recession due to the coronavirus pandemic has contributed to the decline in the rand. South Africa has 116 cases of the virus that...
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Eskom says it will implement stage 1 load shedding from nine o’clock on Monday morning until Thursday. The power utility has attributed the decision to an increase in the number of unplanned...
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The coronavirus epidemic could rob passenger airlines of up to $113 billion, approx R1.8 trillion, in revenue this year, an industry body warned on Thursday, while the head of Southwest...
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The Congress of South African Trade Unions (Cosatu) has warned that failure to get Eskom out of its current debt trap could have dire consequences for the entire economy. The federation says...
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South Africa’s Gross Domestic Product contracted 1.4% in the fourth quarter of 2019, following a revised 0.8% contraction in the third quarter, data from Statistics South Africa showed on Tuesday....
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President Cyril Ramaphosa says that government is focusing on fixing the country’s public finances. Reflecting on the national budget that Finance Minister Tito Mboweni delivered last week, Ramaphosa says in his...
Read moreEskom says there’s an increased possibility of rotational load shedding on Monday. It says some generation units tripped unexpectedly overnight, reducing the available capacity. The power utility’s spokesperson Sikhonathi Mantshantsha says they...
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Economists have warned that the government’s failure to reach an agreement with unions could worsen its financial position. They say successful talks between government and labour would be key to bringing...
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