R/€ = 20.54 Change: 0.00
R/$ = 19.00 Change: 0.03
Au 1616.40 $/oz Change: 1.82
Pt 720.50 $/oz Change: -3.89


South Africans abroad are now allowed to return home - but the how is unclear

3rd April 2020 South Africans who are abroad and want to return during the lockdown are allowed to do so, Minister in the Presidency Jackson Mthembu has said. The how, however, remains unclear. Mthembu tweeted the update on Friday morning, elaborating on remarks made by National Command Council ministers on... 

Steep drop in movement around SA cities during lockdown, Google data shows

3rd April 2020 South Africa has seen a steep decline in the number of people moving around cities in the wake of the announcement of a 21-day lockdown by President Cyril Ramaphosa, according to new 'mobility report' data released by Google on Friday. The data – which Google released in a bid to help officials... 

Rand weakens to all-time low, as analysts warn it may breach R20/$

3rd April 2020 The rand hit a new all-time low on Friday morning, as it continued to battle the impact of last week's credit rating downgrade by Moody's and Covid-19 fears which have seen investors fleeing risky emerging market currencies. The local currency weakened 1.7% to R18.77/$, and it is now nearly 40%... 

Public servants wage deal on ice as unions move to declare dispute

2nd April 2020 An increase in the wages of public servants – originally due to kick in on April 1, in terms of a wage agreement reached in 2018 – is still on ice after Finance Minister Tito Mboweni announced an ambitious plan in his Budget address to save some R160-billion in the state's wage bill over three... 

Lockdown: Mbalula cuts loading capacity for taxis, rescinding earlier decision

2nd April 2020 Transport Minister Fikile Mbalula has rescinded his earlier decision of allowing taxis to carry a full load of passengers. They would only be allowed a loading capacity of 70% and not a full load as many operators had wished for, he said. 

Putting Africa in back of queue for ventilators will be detrimental for humanity – Pandor

1st April 2020 International Relations and Cooperation Minister Naledi Pandor said the notion of Africa being at the back of the line for life-saving ventilators would be to the detriment of humanity. But, Pandor said, her impression from a recent virtual G20 leaders meeting, was that other countries have... 

SA adds 16 000 net jobs in fourth quarter of 2019, as part-time work grows

31st March 2020 Total employment in South Africa's non-agricultural formal sector grew by 16 000 between September and December 2019, Statistics SA announced on Tuesday in its latest Quarterly Employment Statistics bulletin. This is below the increase of 87 000 in the fourth quarter of 2018. While full-time... 

Zimbabwe at last pays off debt to Eskom

31st March 2020 Zimbabwe has paid off all its debts to Eskom and is now in a position to negotiate for a new deal, the country’s Minister of Energy, Fortune Chasi, tweeted on Monday evening. Eskom in the past threatened to cut off electricity supplies to Zimbabwe after its debt reached $33-million. In August... 

The numbers game: SA dramatically ramps up testing, but trends remain unclear

31st March 2020 In less than a month, South Africa has ramped up its ability to test people for the novel coronavirus from a few hundred, to a few thousand every day. And, thanks to new equipment delivered in the past few days, with more expected by mid-April, testing numbers are expected to increase dramatically. 

Public Enterprises to study liquidation application by SA Express business rescue practitioners

30th March 2020 Allegations by the business rescue practitioners of SA Express that the government deliberately withheld financial support from them, and that the state's approach to the business rescue process was unconstructive are baseless, the Department of Public Enterprises has said.  The department on... 

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