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Tag : Alexander Winning

Business

South Africa sees worst power cuts on record in 2020 – research

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South Africa has endured its worst power cuts on record this year, research by the country’s national science council showed on Friday. The power cuts...
Business

South African rand dips before producer price data

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South Africa’s rand was slightly weaker early on Thursday, ahead of the release of the producer price index (PPI) which will give more clues about...
Business

South African rand stronger after Ramaphosa announces lockdown easing

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The South African rand began the week stronger on Monday after President Cyril Ramaphosa announced a sweeping removal of lockdown restrictions over the weekend. Ramaphosa...
African News

Coronavirus cases slow in South African hotspot provinces – minister

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Three South African provinces considered coronavirus hotspots have seen new infections slow in recent weeks, though it is too early to say whether the country’s...
Business

PMI: South Africa’s sharp economic downturn extends into July

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South Africa’s economic downturn extended into last month, though businesses still reeling from the impact of the COVID-19 pandemic reported slightly less steep in output...
Business

OECD: South Africa economy could contract 8.2% if second coronavirus wave hits

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South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and...
Business

AfDB approves $300 million loan to South Africa

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The African Development Bank (AfDB) has approved a roughly 5 billion rand ($300 million) loan to the South African government to help it fight the...
Business

South African Airways creditors approve rescue plan

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South African Airways (SAA) creditors approved a rescue plan for the struggling airline on Tuesday that requires at least 10 billion rand ($596 million) in...
Business

South African court dismisses appeal against SAA layoff ruling

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A South African court on Thursday dismissed an appeal by administrators in charge of South African Airways (SAA) against a ruling which prevented them from...