Caring clergy should refuse to co-operate. Too many congregations will serve as virus multipliers, writes Peter Storey.
Showers early. Decreasing cloudiness. Mild.
National Treasury and the Black Business Council are exploring ways in which government's R200 billion loan guarantee scheme can be expanded.
With SA facing its deepest crisis since the 1930s, much faith has been placed in almost R1trn in interventions by National Treasury and the Reserve Bank. But in Parliament, the state's fiscal and monetary response to Covid-19 was dismissed as a 'relief' measure, not a stimulus package.
The budget for Census 2021 is ringfenced and won't be compromised as Treasury seeks funds to fight Covid-19, says Statistician-General Risenga Maluleke.
South Africa’s economy could contract by as much as 16.1% this year, depending on how long it takes to contain the coronavirus pandemic and for the economy to recover to the end of 2020
According to a leaked discussion document prepared by the office of the presidency, SA's tourism & aviation industries would only be able to pay 5% of their staff at the end of May if the lockdown were extended.
As SA readies to face an economic contraction that will likely to dwarf the impact of the 2008 global financial crisis, there is growing frustration among economists about a lack of urgency in finalising a comprehensive economic recovery plan.
Money Smart Week SA, a financial literacy campaign aimed at motivating and empowering South Africans to become more educated about their finances, is taking place from March 23 to 28, 2020.
While the finance minister announced plans to draw a hardline against bailouts for state-owned enterprises in his national budget speech in February – efforts to contain the state's growing debt came to naught by the time October arrived.
In its 2019 election manifesto the ANC said it would investigate the prescribed assets.
The SABC will receive R2.1bn from Treasury on Monday October 7, 2019.
The program will focus on 'network industries such as rail and ports, energy, broadband connectivity, water, sanitation and human settlements,' the ANC's Paul Mashatile said in a speech to London’s Chatham House on Wednesday.
National Treasury has deemed a controversial City of Johannesburg fleet contract “irregular”, instructing it should be cancelled and subjected to a forensic investigation.
The economic meltdown has seen the world's leading central bankers including the South African Reserve Bank come under pressure to bail out their respective economies in the form of interest rate cuts. They've been urged to fund governments, an idea that central bank governor, Lesetja Kganyago, says is tantamount to a client instructing their banker to do the same.
The economy was already taking strain before coronavirus, and the ratings downgrades won't help the situation, Treasury says, warning that the state may have no other option than to sell poorly performing state-owned enterprises.
Other proposals include a wealth tax and R200 billion of guarantees for bank lending to struggling businesses.
The Nelson Mandela Bay metro will have to work overtime for National Treasury to release its R792 million grant.
Finance Minister Tito Mboweni's apprent view that a Treasury document on economic policy is already "a government document" seems to be at odds with the official view.
The SA government notes ratings agency Fitch's decision to affirm the country's long-term foreign and local currency debt ratings at 'BB+' and maintaining a negative outlook.
A wage freeze at all levels of the state should be considered, says David Masondo.
The Democratic Alliance intends to lodge a complaint with the Public Protector to investigate a report that Deputy Finance Minister David Masondo misused state resources in settling a personal matter.
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