Violent protests have dealt a body blow to South Africa’s efforts to rebuild the economy in the wake of the coronavirus pandemic and pose the sternest test yet to president Cyril Ramaphosa’s authority. Source: BusinessTech
President Cyril Ramaphosa has approved the deployment of 2,500 members of the South African National Defence Force (SANDF) in response to the country’s violent riots and looting. Source: BusinessTech
This year, in honour of the holy month of Ramadan, international multi-asset broker Exness held an exclusive trading campaign, where the theme was for traders to raise money for charity through their trading activities. Source: BusinessTech
President Cyril Ramaphosa has announced that government will deploy the South African Defence Force and bolster security measures to end violent looting in the country. Source: BusinessTech
South Africa’s business leaders and economic experts warn over the spreading violence and unrest in the country and its potential damage to the economy. Source: BusinessTech
South Africa’s rand slumped to its weakest level against the dollar in more than two months as rioting that started with last week’s arrest of former president Jacob Zuma spread, weighing on the outlook for an economy already strained by a resurgence of the coronavirus. Source: BusinessTech
The Department of Justice and Correctional Services says that proposed changes to the Promotion of Equality and Prevention of Unfair Discrimination Act (Pepuda) are necessary as they will help improve ‘substantive equality’ as provided for under the country’s Consitution. Source: BusinessTech
The South African National Defence Force (SANDF) will be deployed to Gauteng and KwaZulu-Natal to assist the South African Police Service (SAPS) in bringing widespread looting, rioting and destruction of property under control. Source: BusinessTech
South Africa can bolster hiring by temporarily extending tax incentives, suspending rules that increase labour costs and introducing measures to support entrepreneurship and self-employment, according to the World Bank. Source: BusinessTech
Western Cape premier Alan Winde has welcomed the easing of restrictions around restaurants and other businesses but says that some more ‘common-sense’ interventions should be introduced. Source: BusinessTech
