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LATEST South Africa  

South Africa Treasury reportedly considers tax hike to fund vaccines

UPDATE
18 Jan 2021 /  Jacqueline Mackenzie, Bloomberg    9
Other options being explored include widening the budget deficit and reprioritising government spending.

Petrol at R15 per litre – or R20?

18 Jan 2021 /  Adriaan Kruger   8
Take your pick from several oil price and exchange rate forecasts.

Brace for load shedding until winter

18 Jan 2021 /  Moneyweb   26
43% of capacity is unavailable, and the outlook is dire …

SA backpedalling on debt guarantee risk state firms

17 Jan 2021 /  Roxanne Henderson and Antony Sguazzin, Bloomberg   5
South Africa’s backpedalling on debt guarantees provided to a state-owned bank threatens to shut the lender and other cash-strapped government entities out of the bond market. The Land and Agricultural Development Bank of South Africa has been battling to repay its debt since a drought caused many of its customers to default on their loans.

R170 million apartment is the most expensive on the market

17 Jan 2021 /  Michael Brown   1
This eight-bedroom apartment located Clifton enjoys a clear view of the Atlantic Ocean.  

South African politicians, not bureaucrats, stand in the way of a professional civil service

17 Jan 2021 /  Mcebisi Ndletyana   16
The country's civil service is notorious for wasteful expenditure.

South African policies go some way to tackling poverty and inequality

16 Jan 2021 /  Sophie Plagerson   24
But more is needed.

African Union vaccines to be allocated according to population

15 Jan 2021 /  Alexander Winning, Reuters  
President Ramaphosa suggests the AU will access vaccines from China.

SA sees vaccine deals wrapped up within a month

15 Jan 2021 /  S'thembile Cele, Bloomberg  
Companies are now booking their supplies for quarter two to four: Anban Pillay, health department.

SA unlikely to achieve NDP 2030 goals: Report

15 Jan 2021 /  Thando Maeko   23
The National Planning Commission says the pandemic has further damaged SA economic prospects.

Futuregrowth sees Land Bank as threat to state lending

15 Jan 2021 /  Antony Sguazzin, Bloomberg   2
Creditors told they'll need to accept five-year amortising notes.

SA delays new school year until mid-February

15 Jan 2021 /  Tim Cocks, Reuters   24
As Covid-19 rages.

South African miners can scale up vaccination, Sibanye says

15 Jan 2021 /  Bloomberg News    1
Miner says it has capacity to vaccinate up to 18 000 people a day.

Loop structures no longer illegal, but taxpayers should not overreact

15 Jan 2021 /  Amanda Visser   1
The law of unintended consequences could kick in.

Operating environment potentially improves for SA cement industry

15 Jan 2021 /  Roy Cokayne   6
Applications for anti-dumping duties on imported cement and engagements with government about the designation of cement are forging ahead.
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