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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 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;

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.

South African Reserve Bank cuts repo rate by 100 basis points

Slashing the repo rate by 100 basis points will help mitigate the risks of Covid-19 to the economy, experts say.

South African Budget does not raise any new taxes

South African Budget does not raise any new taxes

Commitments made at the 2018 and 2019 Investment Summits haven't been factored into the GDP growth forecasts.

South African Energy Minister allows mines to self-generate electricity

South African Energy Minister allows mines to self-generate electricity

The official opposition said the government could easily solve the electricity crisis by removing regulatory hurdles.

Chinese demand key uncertainty for seaborne coal market in 2020

Chinese demand key uncertainty for seaborne coal market in 2020

Chinese traders will hold back from buying as they wait for the economic impact of the coronavirus to stabilize.

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