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BBC, Treasury discuss how to enhance impact of R200bn loan guarantee scheme
29th May 2020 By: Donna Slater

Black professional, business associations and chambers confederation, the Black Business Council (BBC), led by its president Sandile Zungu, and the National Treasury, led by the Deputy Finance... 


Africa's debt burden to rise from Covid-19 capital disinvestments
28th May 2020 By: Donna Slater

As a result of the economic impact of Covid-19, there have been significant outflows of capital from emerging markets, many in Africa, thus far this year, as risk appetite weakens significantly and... 


SARB Governor Lesetja Kganyago
Reserve Bank running out of space to keep lowering interest rates – Kganyago
25th May 2020 By: News24Wire

The South African Reserve Bank has slashed the repo rate by 275 basis points this year to provide relief to indebted consumers and businesses as they navigate the economic shock of the coronavirus... 


Household wealth takes R830bn knock quarter-on-quarter
Household wealth takes R830bn knock quarter-on-quarter
25th May 2020 By: Marleny Arnoldi

A new study by insurance provider Momentum and the University of South Africa has found that households’ real net wealth had decreased by about R828-billion from the fourth quarter of last year to... 


CHRISTELLE BOWN 
It is important to address the difficulties caused by the onerous conditions prescribed when tendering for professional services
Pandemic heightens existing construction sector woes
22nd May 2020 By: Mamaili Mamaila

Challenges in the construction sector will continue to prevail if construction sites remain closed, owing to South Africa’s national lockdown, says Association of South African Quantity Surveyors... 


L2D says pandemic impacting on occupancy rates
20th May 2020 By: Simone Liedtke

Rental income for real estate investment trust (Reit) Liberty 2 Degrees (L2D) for the quarter ended March 31 has been largely in line with expectations, but Covid-19-related restrictions started to... 


Tips launches Covid-19 weekly monitor
15th May 2020 By: Donna Slater

To assist individuals, economic stakeholders and policy makers in managing the Covid-19-related risks of re-opening the South African economy, the Trade and Industrial Policy Strategies (Tips) is... 


 Mboweni, Reserve Bank kick off loan guarantee scheme to save banks, consumers
Mboweni, Reserve Bank kick off loan guarantee scheme to save banks, consumers
12th May 2020 By: News24Wire

A multi-billion loan guarantee scheme announced by President Cyril Ramaphosa last month is set to begin operating from Tuesday, with the assistance of the country’s major banks, including FNB,... 


Even developed economies will take time to recover from Covid-19 impact
8th May 2020 By: Marleny Arnoldi

Asset manager Investec says a meaningful recovery from recession internationally and locally will depend on the rapidity of exit from lockdown restrictions, broad-based support measures and a... 


Africa50 aids Covid-19 fight in three phases
5th May 2020 By: Marleny Arnoldi

Infrastructure investment platform Africa50 has granted $300 000 to the Africa Centres for Disease Control and Prevention (Africa CDC) for it to buy test kits and other medical equipment, as well... 


 SA takes joint first place in 2019 open budget survey
SA takes joint first place in 2019 open budget survey
5th May 2020 By: African News Agency

South Africa has once again come joint first with New Zealand in the 2019 Open Budget Index conducted by the International Budget Partnership through an Open Budget Survey. The win is in... 


Government provides detail on economic measures in response to Covid-19
30th April 2020 By: Simone Liedtke

The Covid-19 pandemic has led to a severe global economic crisis, the extent and duration of which is still uncertain. With South Africa’s economic models not being well-suited to assess a global... 


Productivity SA proposes economic recovery plan
29th April 2020 By: Donna Slater

Employment growth and productivity promotion agency Productivity SA has drawn up a document to potentially address economic shortcomings brought about by the spread of Covid-19 and economic... 


Gold likely to rise as global Covid-19 restrictions start to ease
24th April 2020 By: Donna Slater

Financial services company INTL FCStone Europe, the Middle East, Africa and Asia market analysis head Rhona O’Connell says the majority of precious metals have moved into uncertain territory, with... 


Solidarity Fund raises R2.6bn
Solidarity Fund raises R2.6bn
23rd April 2020 By: Sane Dhlamini

Government’s pro bono organisation, the Solidarity Fund on Thursday expressed gratitude to all those who have so far donated to the fund, which has received R2.6-billion in pledges to respond to... 


Solidarity Fund focuses efforts on supply of healthcare equipment, food parcels
23rd April 2020 By: Marleny Arnoldi

The Solidarity Fund has received pledges totalling R2.6-billion up to April 23, with R1.1-billion designated for healthcare-related efforts. The Solidarity Fund is a special purpose vehicle set... 


Long-term growth thinking, planning critical now for banks and public sector
23rd April 2020 By: Marleny Arnoldi

University of Stellenbosch Business School (USB) says South Africa will not see a sharp and quick economic bounce back that many are hoping for, but will rather see a 12- to 24-month gradual... 


Corruption Watch director David Lewis
Corruption Watch calls for tighter measures to reduce corruption amid lockdown
23rd April 2020 By: Thabi Shomolekae

Nonprofit organisation Corruption Watch has welcomed President Cyril Ramaphosa’s R500-billion economic and social support package, however, it is urging government to implement measures to reduce... 


UCT sets up dedicated Covid-19 emergency fund
22nd April 2020 By: Marleny Arnoldi

The University of Cape Town (UCT) has set up a Coronavirus Disease 2019 emergency fund to assist in the fight against the virus and its impact on the UCT community. The university has urged... 


Chief executives report degradation in economic outlooks as Covid-19 crisis deepens
22nd April 2020 By: Donna Slater

Nonprofit international leadership community organisation YPO’s latest international Covid-19 survey has found that 84% of the 3 534 respondents are more negative about the outlook for the months... 


DA interim leader John Steenhuisen
DA commends Ramaphosa for approaching IMF, World Bank to fund part of relief package
22nd April 2020 By: Sane Dhlamini

Democratic Alliance interim leader John Steenhuisen has welcomed President’s Cyril Ramaphosa’s announcement of the R500-billion Economic and Social Relief Package and has further applauded the... 


AfDB’s Adesina urges African cooperation to fight Covid-19
22nd April 2020 By: Donna Slater

An accelerated global health and economic effort is needed to overcome the Covid-19 pandemic in Africa, African Development Bank (AfDB) president Akinwumi Adesina said in a webinar this week.... 


JSE directors, CEO donate a third of salaries for three months to Solidarity Fund
17th April 2020 By: Marleny Arnoldi

The JSE has announced that its board of directors and group CEO have pledged to donate at least 30% of their salaries to the national Solidarity Fund for the next three months. This follows after... 


iiDENTIFii contributes to Bill and Melinda Gates Foundation, Solidarity Fund
16th April 2020 By: Donna Slater

Identity verification specialists iiDENTIFii says it will financially contribute to the Combatting Covid-19 Fund, launched by the Bill and Melinda Gates Foundation, thereby helping to ease the... 


Adcock Ingram executive directors contribute to Solidarity Fund
16th April 2020 By: Donna Slater

Executive directors and senior managers of pharmaceutical company Adcock Ingram will follow in the footsteps of President Cyril Ramaphosa and his Cabinet and donate a portion of their salaries for... 


Govt to finalise post-Covid-19 economic recovery plan, SAA resolution by April 20
Govt to finalise post-Covid-19 economic recovery plan, SAA resolution by April 20
16th April 2020 By: Marleny Arnoldi

The South African government plans to finalise, by April 20, its post-Covid-19 economic recovery plan, as well as a resolution on South African Airways (SAA). The Cabinet on April 15 hosted a... 


AfDB creates $10bn Covid-19 response facility
9th April 2020 By: Marleny Arnoldi

The African Development Bank (AfDB) on April 8 announced a Covid-19 response facility worth $10-billion to assist regional member countries in fighting the pandemic. The facility is the latest... 


Research reveals gap in Covid-19 funding for businesses in townships
7th April 2020 By: Donna Slater

The Covid-19 pandemic and the current lockdown are already having a devastating impact on South Africa’s economy, with informal and small businesses in townships likely to feel the brunt of the... 


Gillian Lumb
Unemployment beneficiaries wait while Nedlac discussions progress
7th April 2020 By: Donna Slater

Many employers are waiting for greater clarity regarding unemployment benefits for their staff that have been temporarily laid off during the national lockdown, which is enforced from March 27 to... 


Unctad says Covid-19 implications go as far as intl investment agreements
7th April 2020 By: Marleny Arnoldi

New data from intergovernmental body, the United Nations Conference on Trade and Development’s (Unctad’s) investment policy monitor shows that investment policy responses to the Covid-19 pandemic... 


Standard Chartered to launch $50m global fund for Covid-19 relief
3rd April 2020 By: Marleny Arnoldi

International banking group Standard Chartered has launched a $50-million global fund to provide assistance to those affected by the Covid-19 pandemic. Half of the funding will immediately be... 


BUILDING TRUST
Peikko's technology has been adopted to some success in a few projects since entering the country
New tech needs consulting engineers buy-in
3rd April 2020 By: Darren Parker

Construction connection technology company Peikko is working to raise awareness among consulting engineers in South Africa of the potential that its bolted column connection technology and... 


NIKITA LALLA
There is an abundance of talking without timeous, practical implementation
Local project scarcity causes loss of top-class engineers
3rd April 2020 By: Darren Parker

The scarcity of public-sector projects is leading to massive retrenchments and the loss of South Africa’s world-class consulting engineers to foreign markets, says law firm LNP Attorneys CE Nikita... 


AfDB leading the Covid-19 fight with financing in Africa
2nd April 2020 By: Marleny Arnoldi

The African Development Bank (AfDB) on April 1 approved $2-million in emergency assistance for the World Health Organisation (WHO). This will help reinforce the organisation’s capacity to help... 


IMF to consider Senegal's $221m emergency funding request
IMF to consider Senegal's $221m emergency funding request
2nd April 2020 By: Marleny Arnoldi

The International Monetary Fund (IMF) has completed discussions with Senegal, following its request that the IMF disburse $221-million in emergency funding. Senegal requested the funds to help... 


Santam commits R200m to assist clients, suppliers and for the Solidarity Fund
1st April 2020 By: Donna Slater

Financial services provider and general insurer, Santam Group, has committed R200-million in Covid-19 relief to help clients and suppliers and to contribute to the government’s Solidarity Fund.... 


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