South Africa will move to lockdown alert level 1 from midnight on 20 September. President Cyril Ramaphosa made the announcement during a live address to the nation on Wednesday evening.
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President Cyril Ramaphosa said consensus is emerging on a plan to revive an economy mired in the worst recession since 1992.
South Africa faces a precipitous economic and political collapse by 2030 unless it changes its economic model and implements growth-friendly policies, according to Eunomix Business & Economics.
President Cyril Ramaphosa is considering making changes to his cabinet after he meets the ruling party’s leadership this weekend, people familiar with the deliberations said.
A R32-billion infrastructure fund owned by Old Mutual said South Africa should start with power as it embarks on a R2.3-trillion drive to lure private investment into infrastructure over the next decade.
Altron Group CEO Mteto Nyati launched a withering critique of the ANC government on Twitter at the weekend, saying the ruling party has “passed its sell-by date”.
Government is assessing the planned multibillion-rand expansion of the Gautrain in terms of its new infrastructure development methodology and is in the process of engaging with stakeholders about the project.
The rand began the week stronger on Monday after President Cyril Ramaphosa announced a sweeping removal of lockdown restrictions over the weekend.
President Cyril Ramaphosa is preparing to ease lockdown restrictions, including the possible scrapping of an alcohol sales ban, according to people familiar with the matter.
Chronic under-performance of South Africa’s economy over the past decade is pushing the continent’s dominant powerhouse to the edge of economic and political disaster.