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OECD Survey highlights barriers to growth in South Africa

OECD Survey highlights barriers to growth in South Africa

The sharp drop in economic activity adds to long-standing challenges and raises the urgency of structural reforms.

BRICS New Development Bank Offers Brazil COVID-19 relief

BRICS New Development Bank Offers Brazil COVID-19 relief

The loan will help Brazil safeguard the income of about 5 million people in vulnerable situations.

Supplementary Budget may still be too optimistic on growth

Supplementary Budget may still be too optimistic on growth

Short-term borrowing will increase by R98 billion to R146 billion in 2020/21.

BRICS New Development Bank issues inaugural 3-year bond

BRICS New Development Bank issues inaugural 3-year bond

Such emergency loans could be used to finance direct expenses such as procuring protective gear for health workers.

South Africa to move to Level 3 lockdown on June 1

South Africa to move to Level 3 lockdown on June 1

South African steel production fell by 99.5 per cent year-on-year in April so the move to Level 3 was welcomed.

Inter-Africa Trade Fair postponed to September 2021

Inter-Africa Trade Fair postponed to September 2021

Oramah said that the continuing COVID-19 pandemic situation was not conducive to holding such a pan-African event.

South African government launches R500bn stimulus package

South African government launches R500bn stimulus package

R2 billion is geared to assist small and medium enterprises and spaza shop owners and other small businesses;

Mixed reaction to extension of South Africa’s lockdown

Mixed reaction to extension of South Africa’s lockdown

Non-food stores, all restaurants, bars and cinemas are closed, as are schools, churches and universities.

BRICS NDB issues RMB 5 billion Coronavirus bond

BRICS NDB issues RMB 5 billion Coronavirus bond

The China loan will finance urgent and unexpected public health expenditures and will focus on three provinces in China.

South Africa starts first day of 21-day lockdown

South Africa starts first day of 21-day lockdown

This means that most economic activities cease except those related to public health, food, water, sanitation and electricity.

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