The Department of Mineral Resources and Energy’s (DMRE’S) budget for the 2020/21 financial year has been reduced by R1.5-billion, from the initial R9.3-billion, owing to the impact of the Covid-19... 

Gauteng Cooperative Governance MEC Lebogang Maile has urged  the City of Johannesburg Municipal Council to put the interest of the residents of the City first following its failure to approve an... 

In her weekly newsletter, Business Leadership South Africa (BLSA) CEO Busi Mavuso says a clearer perspective of the roles and responsibilities of business and government needs to be established as... 

South Africa's finances are overstretched and unable to weather another severe shock, a senior National Treasury official warned on Thursday. "We are now in a position where we are dangerously... 

Too rich for debt relief available to most African nations and hobbled by its politics, South Africa is facing a public financing crisis. Debt levels will continue to rise, peaking in 2024 and only... 

Cooperative Governance and Traditional Affairs (Cogta) Minister Dr Nkosazana Dlamini-Zuma on Tuesday declared that the coronavirus (Covid-19) pandemic has exposed the weaknesses and deep fault... 

President Cyril Ramaphosa warned on Monday that there would be no quick fixes for the economy as government gears up to launch its Sustainable Infrastructure Development Symposium on Tuesday. The... 

South Africa's rand weakened early on Monday, reflecting the gloom in global markets as fears of a second wave of coronavirus infections around the world increased investor jitters ahead of a local... 

With the coronavirus, or Covid-19, pandemic having forced every South African to “radically reassess any plans he or she may have had for 2020”, no one has had to do so more than Finance Minister... 

Employment and Labour Minister Thulas Nxesi reports that, during the second week of June, the Unemployment Insurance Fund (UIF) appointed auditors to investigate whether money paid to employers, to... 

Business Leadership South Africa (BLSA) CEO Busi Mavuso says business confidence in South Africa is destroyed. In a weekly newsletter, she points out that the latest Rand Merchant Bank/Bureau of... 

In the wake of the Covid-19 pandemic and the forced cancelation of mass gatherings, the South African Innovation Summit (SAIS) will be presented in a new and virtual way this year, with the first... 

State-owned Transnet has reopened its freight line from the Pretoria complex to Pyramid station, following years of closure owing to challenges with cable theft and sabotage. The line has been out... 

The Solidarity Fund has taken delivery of a consignment of personal protective equipment (PPE) as part of its health and humanitarian intervention to provide much-needed PPE for frontline... 

Addressing members of the African Union (AU) on development financing for developing countries in the era of Covid-19, chairperson and South African President Cyril Ramaphosa said Africa was... 

Black professional, business associations and chambers confederation, the Black Business Council (BBC), led by its president Sandile Zungu, and the National Treasury, led by the Deputy Finance... 

As a result of the economic impact of Covid-19, there have been significant outflows of capital from emerging markets, many in Africa, thus far this year, as risk appetite weakens significantly and... 

The South African Reserve Bank has slashed the repo rate by 275 basis points this year to provide relief to indebted consumers and businesses as they navigate the economic shock of the coronavirus... 

A new study by insurance provider Momentum and the University of South Africa has found that households’ real net wealth had decreased by about R828-billion from the fourth quarter of last year to... 

Challenges in the construction sector will continue to prevail if construction sites remain closed, owing to South Africa’s national lockdown, says Association of South African Quantity Surveyors... 

Rental income for real estate investment trust (Reit) Liberty 2 Degrees (L2D) for the quarter ended March 31 has been largely in line with expectations, but Covid-19-related restrictions started to... 

To assist individuals, economic stakeholders and policy makers in managing the Covid-19-related risks of re-opening the South African economy, the Trade and Industrial Policy Strategies (Tips) is... 

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,... 

Asset manager Investec says a meaningful recovery from recession internationally and locally will depend on the rapidity of exit from lockdown restrictions, broad-based support measures and a... 

Infrastructure investment platform Africa50 has granted $300 000 to the Africa Centres for Disease Control and Prevention (Africa CDC) for it to buy test kits and other medical equipment, as well... 

South Africa has once again come joint first with New Zealand in the 2019 Open Budget Index conducted by the International Budget Partnership through an Open Budget Survey. The win is in... 

The Covid-19 pandemic has led to a severe global economic crisis, the extent and duration of which is still uncertain. With South Africa’s economic models not being well-suited to assess a global... 

Employment growth and productivity promotion agency Productivity SA has drawn up a document to potentially address economic shortcomings brought about by the spread of Covid-19 and economic... 

Financial services company INTL FCStone Europe, the Middle East, Africa and Asia market analysis head Rhona O’Connell says the majority of precious metals have moved into uncertain territory, with... 

Government’s pro bono organisation, the Solidarity Fund on Thursday expressed gratitude to all those who have so far donated to the fund, which has received R2.6-billion in pledges to respond to... 

The Solidarity Fund has received pledges totalling R2.6-billion up to April 23, with R1.1-billion designated for healthcare-related efforts. The Solidarity Fund is a special purpose vehicle set... 

University of Stellenbosch Business School (USB) says South Africa will not see a sharp and quick economic bounce back that many are hoping for, but will rather see a 12- to 24-month gradual... 

Nonprofit organisation Corruption Watch has welcomed President Cyril Ramaphosa’s R500-billion economic and social support package, however, it is urging government to implement measures to reduce... 

The University of Cape Town (UCT) has set up a Coronavirus Disease 2019 emergency fund to assist in the fight against the virus and its impact on the UCT community. The university has urged... 

Nonprofit international leadership community organisation YPO’s latest international Covid-19 survey has found that 84% of the 3 534 respondents are more negative about the outlook for the months...