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Sectors such as automotive, personal care, clothing and textiles, bakeries and shisanyamas are in the spotlight.Image: 123RF/ VADIMALEKCANDR

Developing small businesses crucial for SA economy: Ramaphosa

AMANDA KHOZA President Cyril Ramaphosa says to achieve a successful economic reconstruction and recovery plan, SA is going to need to more effectively support the growth of vibrant and sustainable small, medium and micro enterprises and…

President Cyril RamaphosaImage: GCIS

‘We have to decisively change the face of our economy’: Ramaphosa

ANC president Cyril Ramaphosa says the ANC-led government has to decisively change the face of SA’s economy, and not simply allow it to return to where it was before the devastating Covid-19 pandemic. “In other words, our task is not only…

The government has spent R187bn bailing out and recapitalising state-owned entities over the past two decades. File photo. – Image: John Liebenberg

Restoring SA’s economy tops agenda of SOE council chaired by Ramaphosa

President Cyril Ramaphosa chaired a virtual inaugural meeting of the Presidential State-Owned Enterprises (SOE) Council on Thursday in a bid to strengthen the framework governing the entities‚ the presidency said in a statement. Acting…

Indicator of economic growth lifts for first time in three months

ODWA MJO The SA Reserve Bank’s composite leading business cycle indicator increased 2.7% month on month in June, rising for the first time since March. The increase in the June print was largely supported by an improvement in the number…

Co-operative governance & traditional affairs minister Nkosazana Dlamini-Zuma says the Supreme Court of Appeal should dismiss Fita’s application for leave to appeal the ban on the sale of tobacco products.Image: Simphiwe Nkwali

‘Tobacco products kill‚ are not essential’: Nkosazana Dlamini-Zuma

Co-operative governance & traditional affairs (Cogta) minister Nkosazana Dlamini-Zuma has dismissed a contention by the Fair-Trade Independent Tobacco Association (Fita) that the high court ought to declare tobacco an essential item.…

Beef stew with umhluzi and pap.Image: Craig Fraser

Eat beef stew with a cup of instant coffee if your budget is tight

Food prices have gone up‚ Stats SA data shows Shoppers are right: food has become more expensive. But there are exceptions‚ which savvy or cash-strapped consumers can capitalise on. Ahead of Thursday’s interest rate announcement by the SA…

ANC to set out vision for post-Covid-19 economy

CAROL PATON The ANC, which is set to publish its final draft of a discussion document on the post-Covid-19 economy on Friday, has again returned to the theme of regulatory changes for the savings industry as well as more active monetary…

SA needs to will need to build an economy that attains sustained growth of beyond 5% and is structured to be inclusive and equitable, says Business Unity SA.                                                                                        Image: Supplied.

Private sector remains best placed to stimulate economic growth, Busa says

SA needs to build an economy that attains sustained growth of “beyond 5%” and is structured to be inclusive and equitable. This will require the critical stakeholders, particularly government, business, and labour, to put aside ideology…

Nedbank expects SA economy to shrink 7% in 2020

KARL GERNETZKY Banking group Nedbank said on Friday it expects SA’s economy to contract 7% in 2020, with the group saying it expects profits to fall more than a fifth in its first half as it moves to help clients manage cash flow during…

David Makhura Picture: FREDDY MAVUNDA

Up to 2-million jobs could be lost in Gauteng’s version of Great Depression

By CLAUDI MAILOVICH Gauteng, SA’s economic powerhouse, will move to a less restrictive lockdown level at the beginning of June, which will provide much-needed relief from an unprecedented economic and human catastrophe, according to…

About R200bn of the R500bn President Cyril Ramaphosa has pledged to address the Covid-19 crisis will be ‘new money’ that will have to be borrowed, with terms and conditions attached, and then paid back.Image: Themba Hadebe / AFP

Ramaphosa’s R500bn relief plan welcomed – but where will the money come from?

The UIF’s Covid-19 temporary employer/employee relief scheme has paid out R1.6bn Economists have welcomed the socio-economic relief measures worth R500bn announced by President Cyril Ramaphosa to address the Covid-19 crisis. Economist…

President Cyril Ramaphosa.Image: Thierry Monasse/Getty Images

Grant payments hiked, economy to reopen … slowly

In a bold but risky move to rescue SA’s devastated economy, President Cyril Ramaphosa on Tuesday night, along with a R500bn Covid-19 relief package, announced there will be a phased reopening of the economy. Built on a comprehensive…

A man coming from the shop in Zola, Soweto.Image: Veli Nhlapo

‘Economy bleeding R13bn a day due to lockdown’

By KGOTHATSO MADISA The country’s struggling economy cannot be stretched any further and the government will have to consider gradual lifting of the lockdown. This is according to economic expert at the University of Pretoria, Professor…

STEPPING IN: ECPACC CEO, Phumeza Skoti. Picture: AMANDA NANO

Lights, camera, action!

The Eastern Cape film development sector will receive a much-needed financial boost, the Eastern Cape Provincial Arts Council (ECPACC) announced at a media launch at the Eastern Cape Audio Visual Centre, in East London last Wednesday.…

President Cyril Ramaphosa delivers his State of the Nation Address at Parliament in Cape Town. Date: February 07, 2019.Image: ESA ALEXANDER/SUNDAY TIMES

Fixing the economy is Cyril Ramaphosa’s top task, finds survey

Ahead of President Cyril Ramaphosa’s State of the Nation Address (Sona) on Thursday evening, South Africans are eager to hear how the reversing economy can be tackled. This is according to marketing and social research consultancy Citizen…