economy

61% of SA lost income due to Covid-19: research

Five months into the Covid-19 pandemic, financial distress remains a concern among South Africans, with as many as 61% reporting a loss of income. This is according to the latest research results on the socio-economic impact of the coronavirus conducted by the market research company Ask Afrika. The survey also[…]

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Experts welcome reopening of the economy

Economists and industry experts say although President Cyril Ramaphosa has announced that the country will move from alert Level 3 to 2 of the lockdown, the damage has already been done. They, however, say the further opening up of the economy is welcome news. The ban on tobacco and alcohol[…]

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Ramaphosa told me to reopen economy slowly: SA’s Dlamini-Zuma

South Africa’s Cooperative Governance Minister Nkosazana Dlamini-Zuma on Tuesday told the National Council of Provinces it was President Cyril Ramaphosa’s instruction that the economy be reopened slowly from a lockdown as the country continues to battle the Covid-19 pandemic. “As we eased the lockdown, the president said we must not[…]

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Ramaphosa announces phased lifting of lockdown

President Cyril Ramaphosa has shed light on what the country’s new reality will look like when the lockdown continues beyond the end of April, albeit in another format. South Africans entered the lockdown at midnight on 26 March to prevent the spread of the Covid-19 pandemic. It was expected to[…]

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