Experts welcome reopening of the economy
Economists and industry experts say although President Cyril Ramaphosa has announced that the
Pressure mounts on government to reopen the economy as President expected to address the nation
President Cyril Ramaphosa is expected to address the nation soon. This while there is growing
Nedlac sets up team to finalise SA economy’s recovery programme
The National Economic Development and Labour Council (Nedlac) says it has set up a working team that
South Africa’s economic woes bigger than monetary policy: Governor
Formally adding unemployment or economic growth to the South African central bank’s mandate would
Western Cape economy continues to suffer: Winde
Western Cape Premier, Alan Winde says even with the slowing down of coronavirus infections in the
Parties express reservations about Mboweni’s call for salary cuts
Some parties in Parliament have expressed reservations about a call by Finance Minister Tito Mboweni
Coronavirus pandemic worsens SA’s already fragile economy: Report
Persistent electricity shortages, rising government debt, and policy uncertainty will continue to
Farmers decry continued ban on tobacco products, ‘will result in massive job losses’
Tobacco farmers say the continued ban on tobacco products will result in massive job losses.
Kenyan central bank holds its key lending rate at 7.0%
Kenya’s central bank held its benchmark lending rate at 7.0% for the third time in a row on
IMF loan will help provide relief: Treasury
The National Treasury says the R70 billion from the IMF will allow the government to provide relief
Algerian economy contracts 3.9% in first quarter: Government
Algeria’s economy contracted 3.9% in the first quarter this year after a 1.3% growth in the same
Reserve Bank could have cut repo rate more aggressively : Analysts
A consumer economist at Liberty, Tendani Mantshimuli, says the Reserve Bank could have cut today’s
Zimbabwe economy to shrink by 4.5% this year on COVID-19, drought
Zimbabwe’s economy is expected to shrink by 4.5% this year owing to the fallout from the COVID-19
Zambia’s economy to shrink 4.2% in 2020: Finance Minister
Zambia expects its gross domestic product to shrink by around 4.2% in 2020, more than the 2.6%
South African e-commerce is a COVID-fired market of risk and reward
Like many of her compatriots, Kubashnee Moodley made her first foray into online shopping during
Mining production decreases by 29.8%
The mining sector continues to take a beating due to the ongoing COVID-19 pandemic and its impact
South Africa’s economy to shrink 6.9% in 2020: S&P Global Ratings
South Africa’s economy will contract by more than initially projected, likely shrinking 6.9% in 2020
Tunisia seeks late debt payments as crisis hits economy, state budget
Tunisia has asked four countries to delay debt repayments, it said on Monday as it announced more
Morocco’s economy to contract 13.8% in Q2, 4.6% in Q3: Planning agency
Morocco’s economy is expected to contract by 13.8% in the second quarter under the impact of the
COVID-19 infections still under control and manageable: Ramaphosa
President Cyril Ramaphosa has urged South Africans not to panic and be alarmed by the rising number