economy

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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Ramaphosa to make ‘serious decisions’ about lockdown based on science, possible economic repercussions

President Cyril Ramaphosa will make “serious decisions” about the lockdown after considering all options based on scientific modelling and advice as well as the possible economic repercussions of the nationwide shutdown. Jackson Mthembu, the minister in the presidency, told News24 Ramaphosa had not yet taken a decision whether the current[…]

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South Africa prepares for a 21 day lockdown

STATEMENT BY PRESIDENT CYRIL RAMAPHOSA ON ESCALATION OF MEASURES TO COMBAT COVID-19 EPIDEMIC UNION BUILDINGS, TSHWANE 23 MARCH 2020 My fellow South Africans, It is a week since we declared the coronavirus pandemic a national disaster and announced a package of extraordinary measures to combat this grave public health emergency.[…]

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Economy will be severely impacted by coronavirus: Ramaphosa

With South Africa’s economy already feeling the pinch of the Covid-19 pandemic, President Cyril Ramaphosa has announced that government is on the verge of finalising a comprehensive package of interventions to mitigate the expected impact. The president announced this in an address to the nation on Sunday after he called[…]

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Breakdown of Budget 2020

A proposal to cut the state’s wage bill by R160.2 billion over three years as Treasury warns of ever-rising debt repayment costs, was one of the key announcements in the 2020 Budget. “For the credibility of our fiscal stance, that R160 billion or so needs to be found,” Mboweni told[…]

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