The liberal think-tank believe that the lockdown measures will only lead to a worsened death rate at the hands of poverty and hunger.
If a Capitec client loses 60% of their income, the credit insurance will cover 60% of their monthly instalments.
As the world combats a crisis, the Gauteng government have revealed their plans to mitigate the impact of an economic meltdown – by creating more jobs.
(Partner Content) The widespread impact of the COVID-19 pandemic dominated global markets in March.
The rand is trapped in it’s own ‘horror movie within a horror movie’. ZAR is in freefall against the dollar, as our exchange rate sets another all-time low.
Despite what lies ahead of us, the latest figures from StatsSA reveal that the average wage for workers in South Africa has increased in 2020.
The COVID-19 outbreak has had a significant impact on the country, to the benefit of pharmaceutical companies as multivitamin sales surge.
Treasury said the negative outlook reflects the prospect of further significant upside pressure on government debt and additional downside risks associated with the global shock.
The rand is now weaker than ever due to the COVID-19 pandemic and a further downgrade by Fitch.
(Partner Content) Watching the value of your investment tumble over the course of just few days can be a painful experience.
In a financial rut due to coronavirus? Well, a leading financial expert says “credit insurance” – provided by the major banks – could save our bacon.
No good deed goes unpunished: Johann Rupert and the firm administrating his R1bn donation to the COVID-19 relief efforts have shed more light on the deal.
The South African Revenue Service (SARS) released its preliminary revenue outcome for the 2019/2020 financial year on Wednesday.
Mary Oppenheimer – the sister of South Africa’s richest man – has joined the cohort of billionaires funding the fight against coronavirus.
Minister Nxesi said that workers who are being exploited should contact the police and will be protected by the Labour Relations Act.
The EFF have slammed Johann Rupert – one of SA’s richest citizens – for acting like a loan shark with his R1bn ‘donation’ to a coronavirus relief fund.
The call comes as a nursing organisation warns of shortage of gear and patients are turned away in the Eastern Cape.
Another billionaire entity has stepped-up when needed: Naspers struck a deal with China, and will now donate funds to SA’s COVID-19 relief efforts.
Edcon says it lost R400-million in the two weeks prior to lockdown and expects to lose R800-million more during the 21-day lockdown.
It’s been a rough ride for all of South Africa’s dollar-billionaires this month, with Patrice Motsepe especially affected. Here are the grisly details.
Things will only get worse before they get better, and it’s a mantra the rand swears by. Our exchange rate to the dollar on Monday is a horror-show.
South Africa’s Finance Minister Tito Mboweni says he will approach the IMF and World Bank for assistance in light of the COVID-19 crisis.
The opposition have called on Finance Minister Tito Mboweni to begin working on new emergency budget to be tabled after the national lockdown.
Credit-rating agency’s decision to move the country to sub-investment grade not unexpected, but adds to our current financial market stress.
Foreign ATM fees will be waived, but banks are encouraging internet banking solutions during the lockdown.