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South Africa

Lockdown | SA at the mercy of falling rand as medical supplies run short

Apr 03 2020 16:54

The more the rand depreciates, the less we are able to purchase critical supplies for healthcare facilities, warned deputy health minister Joe Phaahla.

    South Africa

    Nehawu wants court to order government to give healthcare workers protective gear

    Apr 03 2020 16:47

    The National Education Health and Allied Workers Union on Friday took legal action in a bid to force government to protect its members who are most at risk of contracting the coronavirus.

    South Africa

    Coronavirus | A silver lining for SA? The cost of living could fall

    Apr 03 2020 06:00

    The cost of living in countries with volatile currencies - like South Africa - is likely to decrease as the novel coronavirus wreaks havoc in in the foreign exchange market and on domestic demand.

    South Africa

    Coronavirus | Could a basic universal income grant work?

    Apr 03 2020 05:03

    Some economists say a universal R1 000 grant for for few months 4 months which can be in the form of a top-up pay to social grant recipients and other vulnerable individuals could stabilise the economy and contain the spread of Covid-19.

    Eskom

    Eskom's De Ruyter: 'I think we'll emerge stronger and more reliable' after lockdown

    Apr 02 2020 20:46

    Eskom chief executive Andre de Ruyter said on Thursday evening that the power utility was doing everything in its power to ensure that demand would be met after lockdown.

    World

    US jobless claims doubled to record 6.65 million last week

    Apr 02 2020 15:10

    The number of Americans applying for unemployment benefits more than doubled to a second straight record as the coronavirus widened its reach and closed more businesses.

    South Africa

    Public servants wage deal on ice as unions move to declare dispute

    Apr 02 2020 13:19

    The public service wage increase – which was due to kick in on 1 April – is still on ice after Finance Minister Tito Mboweni announced in his Budget speech an ambitious plan to save some R160 billion on the public service wage deal over three years.

    Economy

    China starts buying oil for state reserves after price crash

    Apr 02 2020 09:49

    China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash, according to people with knowledge of the matter.

    Inside Fin24.com

     
    Eskom

    Wind power producers 'surprised' by Eskom force majeure

    Apr 01 2020 18:44

    Wind energy producers are aggrieved by Eskom's decision to temporarily suspend power supply from their companies during the current national lockdown, saying it was taken without engaging the industry.

    Eskom

    Lockdown | Eskom lost a maintenance opportunity, utility admits

    Apr 01 2020 16:34

    While Eskom is on track to meet its immediate maintenance needs, the drop in electricity demand that came with the lockdown has been a lost opportunity for the utility to get to grips with its long-term maintenance needs, spokesperson Sikhonathi Mantshantsha told Fin24.

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