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SACCI welcomes government’s COVID-19 efforts

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… challenge for the SA economy, its prospects for recovery, GDP growth, the deficit, unemployment, debt-to-GDP, … week, government announced a massive social relief and economic support package of R500 billion, which amounts to … well thought-out plans on how to reopen the particular economic sectors in a measured way, while continuing to …

Lockdown avoids massive surge in COVID-19 infections

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… therefore resolved to gradually lift the restrictions on economic activity, guided by the best available scientific … Thursday 30 April, we should begin a gradual and phased recovery of economic activity. We will implement a risk adjusted strategy …

President Ramaphosa: Unified Africa can curb COVID-19

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… continental cooperation on stimulus measures to manage the economic impact of the pandemic. "I have addressed letters to … continental approach, and that the AU, Regional Economic Communities and all health institutions should … needs and place the continent on a path towards economic recovery,” the President said. During these meetings, …

Three-phased economic response to COVID-19 pandemic

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… Government has announced a massive social relief and economic support package of R500 billion which amounts to … forms part of the second tier of the country’s three phase economic response to stabilise the economy, address the … is the economic strategy implemented to jumpstart the recovery of the economy as the country emerges from the …

Cabinet discusses economic recovery plan

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… Government has consolidated a report on the socio-economic recovery plan, post the COVID-19 national lockdown. The … aims to guide the country on practical ways to reignite economic growth and also proposes government interventions to … Cabinet discusses economic recovery plan …

Arrest of suspect selling counterfeit alcohol welcomed

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… KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC, … government in intensifying efforts aimed ensuring the full recovery of our economy, post COVID–19. “We acknowledge the … the liquor industry remains critical in ensuring socio-economic development. Many other sectors of our economy such …

Coordinating Council assesses COVID-19 measures

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… the need for a risk-adjusted approach to the resumption of economic activity at the completion of the lockdown period. … when it meets on Monday. This relates to the need for an economic reconstruction plan, which appreciates the huge … African economy. “Government must also develop an economic recovery plan for municipalities, which are expected to bear …

NEDLAC social partners support proposed economic recovery measures

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… and the social partners represented in the National Economic Development and Labour Council (NEDLAC) have agreed … that they must hold hands as South Africa prepares for an economic crisis with far-reaching implications. The President … needed to lend their full support to proposed economic recovery measures and social support to support society’s …

Cabinet: COVID-19 recovery plan in the pipeline

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… document on key priorities regarding the country’s economic recovery plan that will used post the COVID-19 national … Cabinet Meeting held on Wednesday to discuss the socio-economic recovery plan, post the COVID-19 national lockdown. … Cabinet: COVID-19 recovery plan in the pipeline …

Government mulls COVID-19 funding models

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… effect of COVID-19 on the fiscus, must be supported by an economic recovery plan (structural reforms) and a set of reforms … South African Airways. "Together with my colleagues in the economic cluster, we have put together a few proposals on how …

Reserve Bank cuts repo rate

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… and improve the resilience of households and firms to the economic implications of COVID-19. "In addition to continued … a major health and social impact, and forecasting domestic economic activity presents unprecedented uncertainty.  With … with sharp and deep market sell-offs followed by a partial recovery.  At this stage, the sustainability of that recovery

Presidential Coordinating Council aligns national response to COVID-19

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… between national and provincial governments towards an economic recovery strategy. Co-chaired by Deputy President David …

President Ramaphosa chairs virtual PCC meeting

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… and provincial responses, as well as a strategy towards economic recovery.  To date, South Africa has 1 505 confirmed cases of …

Calls to minimize Coronavirus spread this Human Rights Day

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… spread of COVID-19. “The right to life, to health and to economic activity is under threat from a virus that has … takes place under the theme - “The year of unity, socio-economic renewal and nation-building". The President … call to action to all to play their part in ensuring the recovery of every compatriot by the Coronavirus as well as …

Turning point: reforms to deal with wastage

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… reforms and clean house to set the country on a path of recovery.  While the Budget Review document lists issues such … bearers such as free cars.  National Treasury has revised economic growth projections down to 0.9% for 2020, amid a …

STATE OF THE NATION ADDRESS BY PRESIDENT CYRIL RAMAPHOSA

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… being created, the rate of unemployment is deepening. The recovery of our economy has stalled as persistent energy … at work seeking to forge and build consensus around our economic recovery plan. In his inaugural address on the 10th … us frankly admit that that the government cannot solve our economic challenges alone. Even if we were to marshal every …

SONA 2020 to reflect on the pulse of the nation

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… plant at KwaZulu-Natal’s Dube Trade Port Special Economic Zone (SEZ) is also aiding in growing the country’s … (DPCI) in ensuring speedy prosecution and the recovery and return of stolen assets. Employment On jobs, …

SA remains an attractive investment destination

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… new investments over five years with a view to address low economic growth and reduce unemployment. Sappi Limited, a … will help them sustain their businesses during these tough economic times. They will be providing cleaning services, … said. The funds will also go towards installing a new recovery boiler which improves the company’s environmental …

Corobrik builds economic legacy through R1b in investment

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… is undoubtedly a strategic investment that transcends any economic cycles. Most of our factories have a useful life of … No major change was expected for most of 2020 although recovery was likely to begin towards the end of next year or … Corobrik builds economic legacy through R1b in investment …

Moody's downgrades Eskom’s unguaranteed credit ratings

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… utility said it continues to implement the generation recovery nine-point plan to stabilise plants and the security … and returning public finances to a more sustainable path. Economic reforms have to be implemented without delay,” said …