business

South Africa moved to a level 2 lockdown at 00h01 on Tuesday (18 August), easing restrictions in a number of areas.

Slow reforms and the return of rolling power cuts in South Africa could threaten the recovery of an economy that probably bottomed in the second quarter.

Bridgestone Southern Africa (BSAF) has announced plans to close its bias tyre manufacturing plant in Port Elizabeth.

Less than two months after the commencement of the Protection of Personal Information Act (POPI), South Africa has suffered a massive data breach.

Economists forecast that South Africa’s economy is likely to grow strongly in the third quarter of 2020 after the coronavirus pandemic caused a major contraction in Q2 2020.

The National Education, Health and Allied Workers’ Union (Nehawu) says that it will move ahead with plans to strike against the government’s refusal to increase public servants’ salaries and a failure to offer adequate personal protective equipment (PPE) against the coronavirus.

Alcohol industry players in South Africa have pledged to invest upwards of R150 million in harm-reduction programmes over the next year.

Parliament scraps the controversial Road Accident Benefit Scheme; hotels and related businesses still suffering, with international travel the next hurdle; SA banks have put up R537 billion in relief funding for customers during lockdown; and the ANC says it is perfectly happy having corruption accused Zandile Gumede warming up the back benches of its KZN legislature.