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Africa has to weather the coronavirus storm without massive stimulus packages

by Bernadette | Jun 4, 2020 | Business & Finance News

For advanced economies dealing with economic disruptions from the coronavirus pandemic, the response of choice has been massive stimulus packages. Africa is doing without them. While central banks and governments in North America, Asia and Europe have offered...

Gordhan: Coronavirus delayed work on Eskom debt solution

by Bernadette | Jun 4, 2020 | Business & Finance News

The Covid-19 crisis has been a priority for government in recent weeks, but as soon as the matter settles, attention will turn to Eskom’s debt solution, said Public Enterprises Minister Pravin Gordhan. The minister was speaking during a joint sitting of the...

Sifiso Ntombela | How the coronavirus could change SA’s food market

by Bernadette | Jun 3, 2020 | Business & Finance News

After an extensive lockdown to contain the spread of the coronavirus, South Africa is lifting some restrictions to revive and stabilise the economy. Latest projections indicate that the economy could decline by over...

Coronavirus intensifying banking competition on price

by Bernadette | Jun 2, 2020 | Business & Finance News

One of SA’s largest banks, FNB says the coronavirus pandemic is heightening competition for banks and foresees the possibility of mergers and acquisitions as lenders vie for reduced consumer income. “When the economy goes through this level of challenges,...

‘Staggeringly large’ losses to world economy threaten coronavirus response – World Bank chief

by Bernadette | Jun 2, 2020 | Business & Finance News

The global economy is facing “staggeringly large” losses and the recovery effort is hampered by a shortage of resources to make up for the damage caused by the coronavirus pandemic, World Bank President David Malpass said on Tuesday. While the...
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