A look at the Repo Rate cut and its effect on households

29 May 2020, 2:40 PM
A week ago the South African Reserve Bank (SARB) sliced its key repo rate by 50bps to 3.75% during its May meeting.
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After COVID-19, Africa can build back better 27 May 2020, 2:19 PM

We mourn the lives of the people we have lost and recognize the sorrow and burden of families and loved ones they have left behind. Life, as we have known it, has changed in unimaginable ways, writes Amina J. Mohammed.

President Cyril Ramaphosa
From The Desk of The President 25 May 2020, 1:46 PM

This Africa Day we are reminded once again that the solutions to Africa’s problems, be they overcoming disease or eradicating poverty and underdevelopment, reside within Africa itself, writes President Cyril Ramaphosa in his weekly From The Desk of The President.

OPINION: Supporting Africa’s Agribusiness will avert a food crisis 14 May 2020, 2:50 PM

 In Kenya’s coastal Mombasa County, Mercy Mghanga reminisces about her past, not so long ago she sold tons of fish to five-star hotels in the tourist town and exported the rest to China.

Money
OPINION: The stimulus package is welcome, but… 13 May 2020, 3:02 PM

With or without favourable loan instruments, the most important question we should all be concerned with is whether or not the stimulus package will really stimulate economy, writes Alex Mabunda, CEO of Ntiyiso Consulting.

Coronavirus
‘With COVID-19, we are all in harm’s way’ 13 May 2020, 6:40 AM

COVID-19 has truly humbled the entire universe.  Already, it sounds like a cliché, yet the pandemic only befell the world not so long ago.

As the lockdown is gradually eased, life will slowly return: Ramaphosa 11 May 2020, 10:04 AM

Since the beginning of May, when we began the gradual easing of the nation-wide coronavirus lockdown, many people have started returning to work.

President Cyril Ramaphosa
Ramaphosa lauds SA for adhering to lockdown regulations 4 May 2020, 12:39 PM

President Cyril Ramaphosa has applauded all citizens who have adhered to all regulations since the commencement of the nation wide lockdown.

Tribute to frontline journalists – risking life and limb – to bring us stories 3 May 2020, 3:01 PM

Journalists pursuing their calling to inform the public no matter the often draconian risks they face specific to their own circumstances, are for the first time, daily, facing a single common and deadly threat across the globe, writes Mary Papayya.

‘Africa must approach its debt question as a bloc’ 2 May 2020, 9:01 PM

There was a time when African leaders projected themselves as committed and serious about the well-being of Africans, even adopting sensible resolutions in the process. But like many other African plans, nothing has come out of them. The Sirte Declaration was a resolution adopted by the Organisation of African Unity (OAU) on 9 September 1999. […]

LETTER: Whose political economy is being pursued during this lockdown? 1 May 2020, 11:33 AM

In an open letter to Minister of Trade and Industry, Ibrahim Patel, CEO of Institute of Foreign Affairs, Mpho Tsedu, asks whose political economy is being pursued during this COVID-19 lockdown?

The devil’s in the detail for junk debt investors facing coronavirus defaults 30 April 2020, 7:59 AM

Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now they're frantically scouring the terms to see just what firms can get away with to survive the fallout.

Alcohol industry during lockdown 28 April 2020, 2:11 PM

A few key players make up the bulk of the alcohol industry in South Africa. Alcohol imports into South Africa make up a small percentage of the alcohol purchased and consumed.

Interrogating SA football’s ‘non-existent’ National Playing Philosophy 24 April 2020, 12:50 PM

The lack of football around the globe has left most of us blue with very little to keep us glued to our TV sets as the coronavirus pandemic has brought just about everything to a halt. It’s a whole new experience. It’s odd!

Spotlight on illicit trade amid Lockdown 17 April 2020, 6:33 AM

The prohibition of goods of any kind is fertile ground for illicit trade, writes Tebele Luthuli

Explainer: Who’s WHO? The World Health Organization under scrutiny 16 April 2020, 7:00 PM

The World Health Organization (WHO) is in the spotlight as it champions the global fight against the new coronavirus but faces a funding freeze from U.S. President Donald Trump’s government.

Help police and SANDF protect lives: Williams 14 April 2020, 4:50 PM

During this period the law enforcement agencies played an instrumental role in keeping South Africans safe and prevent the spread of the virus. A number of regulations were gazetted to guide on how we conduct ourselves during the lockdown period.   

From The Desk of The President 13 April 2020, 2:48 PM

President Cyril Ramaphosa has condemned the vandalism of dozens of schools and the increase in cable theft during the lockdown. In his weekly letter, he has also warned criminals that the criminal justice system is not on leave during the period.

We should not go back to business as usual after COVID-19: Commonwealth Secretary-General 8 April 2020, 12:47 PM

COVID-19 has touched every nook and cranny of our globe. Big and small, developed and developing have seen their economies grind to a halt; businesses buckling under the strain of lockdowns; toilet paper, hand sanitiser and pasta becoming rare and precious items; schools closing and major sporting events being cancelled. And, of course, it has exposed serious gaps in health services and systems.

Online South Africans have more confidence in government than in business: Ipsos 6 April 2020, 7:16 PM

A majority of online South Africans are confident that the national government is effectively addressing the threat posed by the spread of the coronavirus, even as lockdowns and closures force millions to isolate themselves, Ipsos report.

All hands on the deck to fight a once in a lifetime pandemic: Guterres 2 April 2020, 7:19 PM

Only by coming together will the world be able to face down the COVID-19 pandemic and its shattering consequences.

Young Jamaican’s invention could help tackle spread of viruses like COVID-19 30 March 2020, 5:49 PM

Five years ago more than 40 babies born in Jamaican hospitals became infected with lethal bacteria - half of them died. The bacteria Klebsiella, like the coronavirus, is spread from person-to-person or via contaminated surfaces. It can be killed by hand-washing with warm soapy water, writes Patricia Scotland.

President Cyril Ramaphosa
Wuhan evacuees a good example of effectiveness of lockdown: President Ramaphosa 30 March 2020, 8:36 AM

As we begin the first full week of the nation-wide lockdown to combat the coronavirus pandemic that is devastating the world, we are grateful for good news that brings us joy and hope at this difficult and uncertain time.

Ntsiki Mazwai
Social media split over Mazwai’s letter to President Ramaphosa 29 March 2020, 7:51 PM

Poet and Social commentator, Ntiziki Mazwai, divided social media on the weekend over her "open letter" to President Cyril Ramaphosa.

CORRECTION: Is the SAFA CEO saga a tip of the iceberg in Danny Jordaan’s one-man show? 26 March 2020, 7:30 PM

Do not take your eyes off the coronavirus pandemic and the precautionary measures. But there is a war brewing in local football, if information reaching SABC News is anything to go by, writes SABC Digital News Senior Producer, Sipho Kekana.

Ramaphosa applauded for decisions taken to curb spread of coronavirus 25 March 2020, 8:04 PM

The coronavirus pandemic has been described as a litmus test for President Cyril Ramaphosa. His leadership has already been a point of discussion since the outbreak of the lethal virus.

From the desk of the President, Monday, 23 March 2020 24 March 2020, 7:17 PM

There comes a time in the affairs of a country when, in the face of the most formidable of challenges, its very existence as a nation is put to the test, writes President Cyril Ramaphosa.

South Africa must take care of its greatest asset – our health care workforce 23 March 2020, 5:42 AM

South Africa has swiftly gone big and correctly scaled up its response to the COVID-19 outbreak. A central part of the effort must be directed to protecting the safety of its healthcare workers, a matter, unlike social distancing, government can directly fund, regulate and control

COVID-19 in Africa: fewer cases so far, and more preparation needed 18 March 2020, 9:04 PM

Akebe Luther King Abia, University of KwaZulu-Natal The novel coronavirus disease (COVID-19) outbreak, recently declared a pandemic by the World Health Organisation, has taken the world by surprise. The good news is that tremendous scientific and technological advances have permitted scientists to understand a lot about this virus in a short amount of time. Within […]

‘All is well’. In Italy, triage and lies for virus patients 18 March 2020, 6:08 PM

The fight against death pauses every day at 1 p.m. At that time, doctors in the intensive care unit of Policlinico San Donato phone relatives of the unit’s 25 critically-ill coronavirus patients, all of whom are sedated and have tubes down their throats to breathe, to update the families.

COVID-19 in Africa: fewer cases so far, and more preparation needed 18 March 2020, 11:59 AM

The novel coronavirus disease (COVID-19) outbreak, recently declared a pandemic by the World Health Organisation, has taken the world by surprise. The good news is that tremendous scientific and technological advances have permitted scientists to understand a lot about this virus in a short amount of time.