According to President Cyril Ramaphosa, his administration has made progress in combatting the scourge associated with corruption while strengthening the capacity of the state to deliver basic services to communities as well as businesses, hopefully leading to the creation of new jobs. Read more.
The rand fell to a four-month low yesterday as investors continued to worry about the global economic recovery amid the ongoing waves of Covid-19. Read more.
After losing 53 cars during xenophobic attacks in South Africa in 2019, Johannesburg car dealership owner Okey Uchendu never thought he would see his business destroyed again by civil unrest in less than two years. Read more.
The past week has been a living nightmare for many South Africans, especially those in the Gauteng and Kwa-Zulu Natal provinces. While riot death tolls are well over 70 and 25% of Covid-19 tests are turning up positive, many are saying that it is the worst spate of violence since 1994. Read more.
The tougher measures may be announced soon.
Following South Africa being bombarded by rolling power outages in the last few weeks, President Cyril Ramaphosa announced on Thursday that there would be a 100-Megawatt cap for embedded power generation.
The South African Reserve Bank (SARB) is expected to raise the policy rate by 25bps (basis points) to 3,75% in H2021 as domestic economic growth somewhat recovers and as inflation ticks up to an average of 4% over 2021. Read more.
Last night President Cyril Ramaphosa announced that the country is moving to Level 1 lockdown restrictions. Read more.
The usual fanfare that accompanies SONA addresses was not there last night. Instead, it was a sombre affair, with many who would usually be in attendance, attending remotely. Read more.
The State of the Nation address will be delivered tonight. As always a range of issues are expected to be addressed. Read more.
Ramaphosa to address policy uncertainty in the mining sector, and South African businesses to support vaccine rollout. Read more.
Last night President Cyril Ramaphosa announced the relaxing of certain lockdown measures. This comes after his previous announcement on the 28th of December closing beaches, banning all alcohol sales, and imposing a curfew between 9pm and 6am. Read more.
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