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LATEST Economy  

Could salary cuts be the better devil instead of retrenchments?

4 Jun 2020 /  Melitta Ngalonkulu   11
It took SA five years to recover from the 2008 recession and the country can’t afford another million job losses.

An apology to the young

4 Jun 2020 /  Mike Schüssler   47
The coronavirus pandemic is about to give way to the biggest debt and unemployment crisis ever.

Virus wipes 20% off FNB customers’ income

3 Jun 2020 /  Roxanne Henderson, Bloomberg   9
In line with guidance from other South African lenders.

Four charts showing how April lockdown hurt SA’s economy

1 Jun 2020 /  Rene Vollgraaff, Bloomberg    3
As the country moves to Level 3.

Mexico risks deepest crash since 1932, central bank warns

28 May 2020 /  Justin Villamil, Bloomberg   
GDP could contract as much as 8.8% in 2020.

Green shoots emerge in world economy as virus lockdowns ease

28 May 2020 /  Rich Miller, Fergal O'Brien and Michelle Jamrisko, Bloomberg  
US sentiment stabilises as future expectations tick up.

EU to unveil massive stimulus plan for post-coronavirus recovery

27 May 2020 /  Gabriela Baczynska and John Chalmers, Bloomberg   
To help member states recover from coronavirus slump.

At last, sanity in state’s lockdown plan

25 May 2020 /  Hilton Tarrant   50
Was Patel’s laughing stock of a clothing list the proverbial last straw?

Repo rate effectively slashed by over 40% this year

22 May 2020 /  Suren Naidoo   13
But don’t expect South Africans to splurge on ‘big ticket’ items, like houses and cars, anytime soon.

Repo rate cut by 50bps

UPDATE
21 May 2020 /  Suren Naidoo   23
Relaxing rates further in face of Covid-19 economic fallout.

LIVE ARCHIVE: Sarb cuts interest rates

21 May 2020 /  Moneyweb   1
Read Reserve Bank Governor Lesetja Kganyago's speech in full.

Charts that show Sarb ‘U-turn’ due to virus

21 May 2020 /  Prinesha Naidoo, Bloomberg    10
Muted price growth leaves room for interest-rate cuts in South Africa.

Masondo punts common currency as key to intra-African trade

21 May 2020 /  Tebogo Tshwane    12
With AfCFTA as the springboard to mitigate against economic nationalism in the post-pandemic global economy.

Economic devastation: It’s not the virus, but the lockdown, stupid!

20 May 2020 /  Johannes Wessels and Mike Schüssler   29
There are no easy answers, but focusing this much on a single problem has destroyed much of our children’s future – at least 3m people are going to be joining the unemployment queue.
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