by sundelbolong | 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...
by sundelbolong | 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...
by sundelbolong | 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 7.1% in 2020, implying thousands of businesses will...
by sundelbolong | 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,...
by sundelbolong | 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...
