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News24’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. Powered by the country’s leading journalists, and headed by the News24 editorial team.

Reserve Bank again cuts repo rate as SA's economic outlook worsens

21st May 2020 The Reserve Bank's monetary policy committee has voted to reduce the repo rate for the fourth time this year, from 4.25% to 3.75%.  As a result of the cut, the prime lending rate will fall to from 7.75% to 7.25%. Reserve Bank governor Lesetja Kganyago said at a briefing on Thursday afternoon that... 

SA faces 'significant constraints' with Covid-19 test kits

21st May 2020 South Africa faces significant constraints with testing kits for Covid-19, Parliament's health committees heard on Wednesday evening. The Department of Health's deputy director-general for communicable and non-communicable diseases, prevention, treatment and rehabilitation, Yogan Pillay, said... 

Whole of Gauteng to move to Level 3 in June – Premier Makhura

19th May 2020 Gauteng Premier David Makhura says the entire province will move to Level 3 of the lockdown at the beginning of June. Makhura, who was answering questions during a virtual session of the Gauteng provincial legislature said the province and its districts were highly integrated. "We can't go to... 

Most of SA can prepare for Level 3 lockdown at the end of May – Ramaphosa

14th May 2020 President Cyril Ramaphosa has announced the country will drop to Level 3 of the nationwide lockdown by the end of May, but some parts of the country with higher infection rates of Covid-19 will remain at Level 4. Ramaphosa made this announcement during his address to the nation on Wednesday. 

138 officials guilty of wrongdoing at water department, says director-general

13th May 2020 The director-general of the Department of Human Settlements, Water and Sanitation, Mbulelo Tshangana, says the department has written to Parliament to condone R10-billion of its R16-billion irregular expenditure. Tshangana was speaking at a briefing on Wednesday to provide an update on alleged... 

Mboweni, Reserve Bank kick off loan guarantee scheme to save banks, consumers

12th May 2020 A multi-billion loan guarantee scheme announced by President Cyril Ramaphosa last month is set to begin operating from Tuesday, with the assistance of the country’s major banks, including FNB, Investec, Standard Bank and Absa. According to a joint statement issued by National Treasury, The South... 

Lockdown: Obey the rules or face closure, Makhura warns businesses

8th May 2020 Gauteng premier David Makhura has threatened to close all businesses in the province that fail to comply with Level 4 lockdown regulations. Makhura also warned that he would shut down companies if workers test positive for Covid-19 during the Level 4 lockdown. 

SA economy could shrink by up to 17% in 2020 despite stimulus, warns business alliance

6th May 2020 South Africa's GDP could shrink by between 10% and 16.7% this year despite stimulus efforts due to a sharp plunge in economic activity, according to Business for South Africa. This plunge would be six to eleven times as severe as the economic contraction that followed the 2008 financial crisis,... 

Cigarettes, liquor still won't be for sale on Level 4

29th April 2020 Come Friday, cigarettes will still not be allowed to be sold at level four of lockdown. The u-turn comes after government received over 2 000 submissions from the public opposing the sale of tobacco products, Minister of Cooperative Governance and Traditional Affairs Nkosazna Dlamini-Zuma said. 

Level 4 lockdown: Once-off allowance granted for movement between provinces

29th April 2020 People will be given a once-off allowance to move between provinces under level 4 of the lockdown, Minister of Cooperative Governance and Traditional Affairs Nkosazana Dlamini-Zuma announced on Wednesday. "There will be a once-off allowance for people to move from the provinces they are in, to... 

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