Government considering name changes for South African airports
Transport minister Fikile Mbalula says that his department is currently considering a report on the renaming of the country’s airports. Source: BusinessTech
Good signs for middle-class South Africans
FNB says the sustained reduction of interest rates and relaxation of lockdown levels is providing a significant boost to the recovery of average income and cash flow among salaried middle-class consumers who hold full-time or formal employment. Source: BusinessTech
Discovery Bank nears 500,000 accounts – with further plans for Vitality Money expected soon
Discovery Bank continues to grow its client base, with the group approaching 500,000 accounts at mid-September. Source: BusinessTech
Discovery earnings plummet on Covid-19 economic fallout
Financial services firm Discovery on Wednesday (16 September), reported a steep decline in earnings for the year ended June 2020, as the economic impact of the Covid-19 pandemic took a toll on operations. Source: BusinessTech
ANC parks plan to nationalise South Africa’s Reserve Bank
A top South African ruling party official said plans to nationalise the central bank will be shelved as the government wrestles with getting the coronavirus-stricken economy back on track. Source: BusinessTech
What to expect from Ramaphosa’s new recovery plan for South Africa
The National Economic Development and Labour Council (Nedlac) has agreed to an action plan for South Africa’s economic recovery, the presidency said in a statement on Tuesday evening (15 September). Source: BusinessTech
Document shows pact to fix Eskom
South Africa’s government, business groups and labor unions said they have agreed on a pact to turn the country’s debt-stricken state-owned power utility around and increase electricity output to address rolling blackouts. Source: BusinessTech
These are the most in-demand job skills in South Africa right now
CareerJunction has published its latest monthly jobs index for August 2020, showing which job skills are currently the most sought-after in South Africa. Source: BusinessTech
Rand hits 4-week best against dipping dollar ahead of interest rate decision
South Africa’s rand continued its good form against the dollar, gaining for third consecutive day on Tuesday (15 September), to a month best. Source: BusinessTech
Here are the new dates for South Africa’s TERS coronavirus relief payments
The Unemployment Insurance Fund (UIF), has extended the processing of new claims for April to September following consultations with social partners at Nedlac. Source: BusinessTech