Global economic prospects have diverged further in 2021 with vaccine access emerging as the principal fault line, says the International Monetary Fund. Source: BusinessTech
The South African Graduate Employers Association has published its list of the leading graduate employers for 2021. Source: BusinessTech
Capitec chief executive Gerrie Fourie says that he currently doesn’t have any money in his wallet, and he believes that this will become increasingly common in South Africa in the near future. Source: BusinessTech
South African fintech company Yoco has raised R1.23 billion to accelerate product development and reach more merchants in South Africa and beyond. Source: BusinessTech
South Africa’s government said it reached an interim pay deal with unions representing a majority of civil servants, averting the threat of an imminent strike. Source: BusinessTech
South Africa’s week of unrest earlier in July, could shave as much as 0.7% off the country’s headline GDP growth in 2021, impact consumer spending, and slow the pace of economic recovery, says S&P Ratings. Source: BusinessTech
In this episode of Business Talk, Paul O’Flaherty, the EY-Parthenon Africa leader talks to Michael Avery about the rise of long-term value creation and sustainable business practices, and how these must be integrated into the day-to-day strategy of the business. Source: BusinessTech
As South Africa passes the peak of the third wave of Covid-19 in the country, health experts warn of a fourth wave on the horizon. Source: BusinessTech
President Cyril Ramaphosa announced the reintroduction of the R350 Social Relief of Distress (SRD) grant on Sunday (25 July) as part of the government’s relief measures around Covid-19 and the recent social unrest. Source: BusinessTech
The Banking Association of South Africa (BASA) says that social grant recipients who live in areas where ATMs and branches have been destroyed by the recent unrest will be able to use any ATM – including those not operated by their own bank – without incurring additional charges. Source: BusinessTech
