South African president Cyril Ramaphosa criticised the nation’s biggest banks for failing to speedily disburse government-backed loans to businesses struggling to survive the coronavirus pandemic, and for not doing enough to promote investment and create jobs. Source: BusinessTech
A 22.6% increase in minimum wages for domestic workers coupled with higher fuel prices are likely to contribute to pressure on March’s consumer price index (CPI), say economists at Momentum Investments. Source: BusinessTech
The Department of Science and Innovation has invested R18.9 million in the development of two nanosatellites which are aimed at increased maritime awareness in South Africa. Source: BusinessTech
The biggest union at South Africa’s loss-making power utility is considering demanding pay increases of as much as 10% ahead of negotiations scheduled next month. Source: BusinessTech
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5%. Source: BusinessTech
President Cyril Ramaphosa’s cabinet has welcomed the announcement of eight energy projects as part of the independent power programme, which it says will inject billions of rands into the local economy and help stabilise the country’s power supply. Source: BusinessTech
Basic Education minister Angie Motshekga has called for comments to amend the Curriculum and Assessment Policy Statement (CAPS) to make provision for coding and robotics at South African schools. Source: BusinessTech
President Cyril Ramaphosa’s cabinet has announced that phase 2 of the country’s Covid-19 vaccine rollout will start in May. Source: BusinessTech
The South African economy and jobs market will reap the benefits if we are able to accelerate the growth and extend the reach of high-impact local entrepreneurs onto the global stage, says Adrian Gore, chief executive officer of Discovery and chair of the SA SME Fund. Source: BusinessTech
Health minister Dr Zweli Mkhize says that a decision to move South Africa to a higher lockdown level is currently being discussed by government officials. Source: BusinessTech
