South Africa’s economy will contract 6.5% due to expense of fighting pandemic
Ratings agency Moody’s says contraction will be higher than the predicted 4.5% due to R500-billion extra expenditure.
Mike Simpson has been in the media industry for 25-plus years. He writes on finance, the economy, general business, marketing, travel, lifestyle and motoring. Plus a bit of general news along the way. He’s travelled extensively (35 countries and counting) and his work has been published in Australia, South Africa, the UK, Hong Kong, Singapore, Morocco and many English-speaking African countries.https://www.thesouthafrican.com/author/mike-simpson/
Ratings agency Moody’s says contraction will be higher than the predicted 4.5% due to R500-billion extra expenditure.
Consumer goods giant Unilever predicts significant changes to worldwide shopping habits once the virus is behind us.
Department says hundreds of thousands of employees may be impacted because their employers haven’t done the paperwork.
An online wine tasting may sound like a joke. But in the lockdown world it has become a way to do business.
Property transactions have been stalled and no revenue is flowing through to real estate agencies and their staff.
An end to all of this now seems near, yet still so far. Here’s how to keep family frustrations at bay until Uncle Cyril finally gives us parole.
But Sakeliga warns that proposed new regulations are incredibly complex and will be impossible to comply with.
City of Cape Town statistics show a huge drop in fire and rescue calls during lockdown, with lack of alcohol the key reason.
The changes to education will be many, with technology being chief among them. But, above all, build resilience into the system.
Mandatory masks, temperature checks, no touching of documents and ‘social-distancing seats’ will all be part of our new world of air travel.
Association says it is a step in the right direction and will help mitigate the damaging effects of the lockdown.
Postponement of major events and loss of Easter holiday revenue among the reasons that eThekwini needs an urgent economic lift.
People are continuing to walk around freely, with no police or army presence, traditional leader warns.
Salary reductions at Sasol reflect its ongoing financial woes. However, more execs must show solidarity by sacrificing pay, say experts.
More than 1 300 jobs on the line as management says lockdown has damaged the ailing business beyond recovery.
At home with your young child during lockdown? Rough-and-tumble play and letting them take the lead will provide vital lessons.
Research continues into one of space’s most mysterious objects. Gigantic black hole explosion is among the latest findings.
Research foreshadows massive disruption to traditional car insurance as cash-strapped consumers change their attitudes and driving habits.
Not long ago they were feted and fawned upon. But as our crisis deepens, people want real heroes rather than celebrities.
As scary as it is for those who have spent a lifetime in permanent employment, the gig economy may the way to go in the new world of work.
All Black rugby star Jonah Lomu lost his shorts in a Super 12 final against the Sharks in ‘96. Now they’re on auction for R5,7million.
Top executives plead for big companies to pay the country’s 525 000 SMEs now or many will not survive lockdown.
Senior businesspeople continue rallying to President Ramaphosa’s call to contribute to SA’s COVID-19 relief efforts.
The fabric of the country will be seriously damaged if we can’t at least get some economic activity going soon.
Allan Heyl was one of a trio of gangsters who committed a string of high-profile bank robberies in the early 1980s.