Five Newsworthy Things in SA 9th September 2020:

News in South Africa 9th September: 1. Cyril needs to act on dying economy: Pressure is piling on President Cyril Ramaphosa’s administration to jump-start the country’s battered economy. Ramaphosa on Tuesday said that he would implement an employment stimulus plan within the next month. The president reacted after Stats SA revealed the most recent GDP results, which […]

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Five Newsworthy Things in SA 8th September 2020:

News in South Africa 8th September: 1. Tax collection down in August: The South African economy will require funding of an estimated R3.4 trillion in the next three years, excluding off-balance-sheet infrastructure projects, says Martin Kingston, executive chair of Business for SA. The undercollection of tax revenue because of the sharp contraction of the economy […]

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Five Newsworthy Things in SA 7th September 2020:

News in South Africa 7th September: 1. Sanral lockdown losses: The South African National Roads Agency (Sanral) has admitted that its revenue collection through tolled roads dropped to unprecedented levels during the nationwide lockdown, resulting in a loss of more than R640 million. The lockdown period resulted in fewer cars on the highways, which meant fewer motorists […]

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Five Newsworthy Things in SA 4th September 2020:

News in South Africa 4th September: 1. Spectrum licenses delayed: The Independent Communications Authority of South Africa (ICASA) has announced that it will publish the long-awaited Invitation to Apply for high demand spectrum no later than 30 September 2020. Since the spectrum is expected to be hotly contested, it is expected that an auction will […]

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Five Newsworthy Things in SA 3rd September 2020:

News in South Africa 3rd September: 1. Covid storm in SA has passed: Health Minister Zweli Mkhize says the COVID-19 storm has passed. He believes government made the right decision, at the right time, to reopen the economy. He was responding to the EFF in Parliament who questioned why government is trading lives by doing […]

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Five Newsworthy Things in SA 2nd September 2020:

News in South Africa 2nd September: 1. Load shedding continues: Eskom will implement stage 2 load shedding from 08:00 until 22:00 on Wednesday as a result of multiple unit breakdowns. A total of ten generation units have broken down at seven power stations in a matter of two days, the power utility said in a […]

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Five Newsworthy Things in SA 31st August 2020:

News in South Africa 31st August: 1. President disarms naysayers: President Cyril Ramaphosa has reportedly survived an attack on his leadership after a senior ANC official called for his resignation ahead of the ruling party’s national executive committee (NEC) meeting. The Sunday Times reported that ANC NEC member Tony Yengeni was one of the most senior officials […]

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Five Newsworthy Things in SA 28th August 2020:

News in South Africa 28th August: 1. ANC NEC tackles corruption: The ANC’s national executive committee meets today, and News24 reports that the meeting will comb through a list of its leaders and members who have been implicated in corruption. As anticipation grows around whether the ANC’s national executive committee (NEC) will decide that all corruption accused […]

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Five Newsworthy Things in SA 27th August 2020:

News in South Africa 27th August: 1. JSE fines AYO Technologies: The JSE has fined AYO Technologies R6.5 million for “material” errors and misstatements in its financial results since 2018. “AYO’s previously published financial information did not comply with IFRS and was incorrect, false and misleading in material aspects and this incorrect information was disseminated to shareholders, […]

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Five Newsworthy Things in SA 26th August 2020:

News in South Africa 26th August: 1. Standard Chartered Bank takes Land Bank to court: One of Land Bank’s lenders, Standard Chartered Bank, has taken the state-owned development finance institution to court to try to recover its money. The Land Bank has been facing liquidity woes for most of this year since Moody’s downgraded its […]

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