Covid-19 and the global financial crisis highlighted how vulnerable some households were to the financial shocks that followed. These events have led people and firms to rethink how prepared they are to weather financial shocks. This has resulted in financial resilience awareness and strategies such as cultivating habits of savings, debt reduction and smart money management.
In a surprise announcement at midday today, President Cyril Ramaphosa announced that Schedule 2 of the Electricity Regulation Act would be amended to increase the NERSA licensing threshold for embedded generation projects from 1 MW to 100 MW.
The United Nation’s International Labour Organisation (ILO) named South Africa (SA) as one of the few Emerging Markets (EM) to experience a real fall in wages in 2020. SA’s economy registered one of the largest falls in nominal and real wage growth in 2020 compared to most of our comparable EM peers.
Global restrictions implemented to curb the spread of Covid-19 have had a direct impact on manufacturing supply chains with constraints still evident across many manufacturing subsectors a year after the country first went into hard lockdown, according to the Q1 Absa Manufacturing Survey.
The Financial Planning Institute (FPI) will support National Treasury, the FSCA and the National Consumer Financial Education Committee during Money Smart Week South Africa (MSWSA). MSWSA is an opportunity for organisations or individuals to showcase their financial literacy programmes and activities across South Africa by running various activations during the week of 22-28 March 2021.
"The widely-expected official confirmation from StatsSA that the SA economy experienced a -7% GDP growth rate in 2020 aligns with most other recent authoritative assessments of the economic damage the country suffered last year from the drastic pandemic lockdown," says NWU Business School economist Prof Raymond Parsons.
The better-than-expected performance in YTD tax collection suggests that revenue could be about R100bn higher in FY20/21 relative to the NT’s MTBPS estimate. This improvement bodes well for the revenue outlook over the MTEF.
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CFA Society South Africa, part of the worldwide network of CFA Institute member societies, has announced the agenda and speaker line-up for its annual investment conference to take place on 25 July 2019 at the Maslow Hotel, Johannesburg. Gary Baker, CFA, Managing Director for CFA Institute in EMEA will deliver the opening remarks, and will...
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za