15 April 2020 – The SA Reserve Bank has cut the repo rate by 100 basis points, or one percentage point. This brings SA’s repo rate to 4.25%. The cut will be effective from April 15. This comes after the bank brought the scheduled May meeting of its Monetary Policy Committee forward to respond to the […]
14 April 2020 – South Africa’s wine industry has been given permission to export its products during the lockdown period. This follows a period of “intensive lobbying” by a task team of exporters, industry members said on 7 April. Industry bodies told Fin24 that the change in regulations, signed off by Transport Minister Fikile Mbalula
SA wine gets green light to export during lockdown Read More »
9 April 2020 – At first, the COVID-19 epidemic in China only affected a limited number of value chains – but it has since turned into a global pandemic. Its repercussions have created a double shock – supply and demand – that is affecting a large number of industries in all over the world. The
COVID-19: heading towards a sudden global surge in business insolvencies Read More »
8 April 2020 – South Africa’s economy may contract by between 2% and 4% this year as a result of the coronavirus pandemic, the SA Reserve Bank has said. In its latest Monetary Policy Review, the central bank said there was also limited scope for an economic rebound in 2021, with growth unlikely to exceed
The economy may shrink by up to 4% due to coronavirus, warns SA Reserve Bank Read More »
7 April 2020 – Ratings agency Fitch downgraded South Africa’s credit rating further into “junk” territory on Friday, another blow for Africa’s most industrialised economy, which is still smarting from a Moody’s downgrade last week. Fitch lowered its long-term foreign-currency issuer default rating to ‘BB’ from ‘BB+” and assigned a negative outlook. The agency cited
Fitch downgrades South Africa’s credit rating to ‘junk’ status Read More »
6 April 2020 – The Covid-19 pandemic has changed the world: It is possible that it will take years for the global economy to recover, which will have dire implications for South Africa’s economic prospects. The impending global depression and our weak state means that most South Africans will find the coming months extremely difficult
The World and South Africa’s Economy After COVID-19 Read More »
3 April 2020 – Food security has been identified as one of the biggest concerns in Southern Africa amid the Covid-19 outbreak and ensuing lockdowns in countries across the continent. In a webinar on April 2, the World Health Organisation and the World Food Programme (WFP) said that, as most countries have imposed lockdowns to
Food security identified as a great Covid-19 concern in Southern Africa Read More »
2 April 2020 – South Africa recorded its biggest trade surplus in 14 months in February as exports to Europe surged. The trade balance swung to a surplus of R14.15 billion from a revised deficit of R2.72 billion in January, the South African Revenue Service said in a report Tuesday. Key insights Trade with Asia
SA records biggest trade surplus in 14 months Read More »
1 April 2020 – In South Africa, one of the worst-affected countries in Africa, the response to the crisis has been swift. Government has put in place restrictions that limit human movement and interaction, on the one hand, while maintaining the delivery of essential goods and services, on the other. Part of these measures was
Implications Of Coronavirus For Regional Food Supply Chains Read More »
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