Locally made face-mask marketplace goes live . A dedicated face mask marketplace went live on the Proudly South African (SA) website on Friday, April 24.

The initiative is designed to assist South African individuals and companies to source local...

South Africa entitled to $4.2bn in IMF support to tackle Covid-19 - Mboweni . Finance Minister Tito Mboweni confirmed on Friday that a revised Budget Bill would be tabled in Parliament shortly to address changes to the fiscal framework that had arisen as a result of government’s...

Solidarity Fund focuses efforts on supply of healthcare equipment, food parcels . The Solidarity Fund has received pledges totalling R2.6-billion up to April 23, with R1.1-billion designated for healthcare-related efforts.

The Solidarity Fund is a special purpose vehicle set up on...

Sasol cuts output as Covid-19 eats into fuels and chemicals demand . Embattled chemicals and energy group Sasol reports that South Africa’s lockdown is having a significant impact on fuel demand, as well as demand for chemicals used in the mining and construction sector...

Supply chain may be on the cusp of what it can endure, says Toyota boss . Toyota South Africa Motors (TSAM) does not envisage any job losses at its plant owing to the countrywide shutdown to prevent the spread of Covid-19, says CEO and president Andrew Kirby.

However, ther...

Ramaphosa’s ‘new economy’ vision gains support from business . Organised business and individual business leaders have expressed strong support for President Cyril Ramaphosa’s vision for using the Covid-19 recovery effort to “forge a new economy in a new global re...

Stimulus package leaves many questions, uncertainties − analysts . Market research and consultancy firm Intellidex says the R500-billion economic recovery package announced by President Cyril Ramaphosa on April 21 is positive, but chasing a growing hole.

“A huge sti...

Best-case scenario a 16% drop in new-vehicle sales, says Toyota . New-vehicle sales in South Africa may, at best, decline by 16% in 2020, says Toyota South Africa Motors (TSAM) sales and marketing senior VP Leon Theron.

“That is if the situation returns to normal i...

Land Bank distress adds to pressure on government . The Land and Agricultural Development Bank of South Africa is in talks with lenders after missing a loan payment and triggering an event of default, leaving its government owner liable for about R5.7-b...

Nxesi seeks additional processing capacity as first R1.1bn in TERS claims are paid . Employment and Labour Minister Thulas Nxesi reports that his department is in discussion with other public entities and the private sector to build additional capacity in order to fast-track the proces...