SA Reserve Bank now expects SA economy to plunge by 6.1% this year
The South African Reserve Bank (Sarb) said today, it now expects the economy to plunge by a massive 6.1% this year as COVID-19 impact filters through the economy.... Read more.
UJ vice-chancellor pledges 33% of his salary to COVID-19 relief fund
The University of Johannesburg vice-chancellor, Tshilidzi Marwala, said today, he will forgo 33% of his salary and donate it to COVID-19 relief fund. Marwala said... Read more.
Sarb cuts interest rates to 4.25%
The South African Reserve Bank (Sarb) today, in a surprise move, slashed the benchmark repo rate by another 1% to 4.25%. The move by the SARB to reduce the prime... Read more.
Capitec’s client base surges to nearly 14 million
Capitec Bank said today, it has registered 2.5 million new clients in the financial year ended February, Taking its client base to an impressive 13.9 million.... Read more.
Wits scientist part of global team looking for a COVID-19 vaccine
South Africa’s scientist, Shabir Madhi, has been named as part of a global team of experts on the hunt for a vaccine for the deadly COVID-19 disease. Madhi... Read more.
Gauteng Liquor Forum threatens Ramaphosa with legal action
The Gauteng Liquor Forum, which claims to represent 20 000 liquor businesses, is threatening to take President Cyril Ramaphosa to court over the ban of the... Read more.
Bheki Cele Stands Firm On No Alcohol Sales
Police Minister Bheki Cele has come out guns blazing against mounting calls for government to allow the sale of alcohol during the lockdown. Cele said it... Read more.
FNB, WesBank and RMB bosses take 30% salary cuts
FirstRand, owners of FNB, Rand Merchant Bank (RMB) and WesBank said today, the group’s CEO, chief operating office and chief financial officer had taken a... Read more.
Open taverns – booze industry lobbies government
Key players in the lucrative alcohol industry have warned that the industry is bleeding billions of rands in lost revenue due to the ban on the sale of alcohol during... Read more.
SA Covid-19 deaths rise to 24 as infection cases pass 2000 mark
South Africa’s COVID-19 death toll has risen to 24, Health Minister Zweli Mkhize said today. Mkhize also said the total number of confirmed cases in the country... Read more.
