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SAA bailout raises hackles at South African Treasury

23 Sep 2020 /  S'thembile Cele and Antony Sguazzin, Bloomberg   5
SAA, which last made a profit almost a decade ago and has been reliant on state bailouts to survive.

SA set for wave of equity fundraising

23 Sep 2020 /  Promit Mukherjee, Bloomberg   1
As banks shun risk.

Economy on the mend – Sarb

23 Sep 2020 /  Larry Claasen    7
But too early to gauge the pace of the recovery.

Government’s credibility issues are affecting the civil construction sector

23 Sep 2020 /  Roy Cokayne   9
Reservations about the state’s ability to follow through on its massive infrastructure development programme blamed for low confidence levels.

Draft cannabis bill ‘completely misses the mark’

23 Sep 2020 /  Melitta Ngalonkulu   7
Legislators seem oblivious to the business and tax-generating potential of the industry.

LIVE ARCHIVE: President Ramaphosa addresses UN General Assembly

22 Sep 2020 /  Footage: Courtesy of UN Web TV   4
Speaking as the chair of the African Union.

SA poultry industry invests $60m in expansion

22 Sep 2020 /  Prinesha Naidoo, Bloomberg   1
To grow the industry as the government earlier this year raised tariffs to counter cheap imports.

2020 maize output seen lower than previous forecast

22 Sep 2020 /  Tumelo Modiba, Reuters   1
Due late rain.

SA stocks pause after five-day losing streak

22 Sep 2020 /  Adelaide Changole, Bloomberg  
Foreigners were net sellers of South African stocks for a third day on Monday.

Rand falls again on second wave infection fears

22 Sep 2020 /  Mfuneko Toyana, Reuters   6
In early trade the rand was 0.69% weaker at R16.89 per dollar.

SA’s future rests on a perpetually broken utility

22 Sep 2020 /  Paul Burkhardt, Bloomberg   14
Eskom’s troubles reflect South Africa’s decline over the past decade.

Policyholders paid R230bn in claims and benefits during lockdown

22 Sep 2020 /  Larry Claasen    6
Over 480 000 also got R1bn in premium relief as a result of the crisis.

Hyprop’s prime SA portfolio devalued by R4bn

22 Sep 2020 /  Suren Naidoo   9
Covid-19 exacerbates property devaluations, as distributable income takes a R434m overall knock.

Motorists set to pay for Gautrain expansion

22 Sep 2020 /  Roy Cokayne   54
Part of the multi-billion rand cost – because ‘people in cars don’t pay their fair share in terms of the taxes they pay’.
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