south african reserve bank cuts repo

South African Reserve Bank Cuts Repo Rates to 4.25%

By SAPeople 14-04-20 13:00

The Monetary Policy Committee (MPC) of the South African Reserve Bank has suddenly decided to cut the repo rate by 100 basis points. This takes the repo rate to 4.25% per annum, the Reserve Bank said in a press statement on Tuesday. The Bank said the May 2020 meeting of the MPC was moved earlier […]

wildlife market china calls ban

Pressure Mounts on WHO and Governments for Ban on Worldwide Wildlife Markets in Face of Covid-19

By SAPeople Contributor 10-04-20 21:36

Amidst the global COVID-19 pandemic, over 240 leading animal welfare and conservation organisations from around the world have this week called on the World Health Organisation (WHO) to publicly confirm the link between live wildlife markets and the serious threats to human health; and to also recommend that governments worldwide permanently ban live wildlife markets […]

south africa extends lockdown

South Africa’s Covid-19 Lockdown Extended by 2 Weeks to End April

By Jenni Baxter 09-04-20 20:53

President Cyril Ramaphosa tonight announced an extension to the current 21-day national lockdown by an extra two weeks to the end of April 2020. The President thanked South Africans for their patience and said “I have to ask you to make great sacrifices” and to continue this little bit longer to help prevent the possible […]

Top Tips on How to Clean Your Phone Without Damaging It

By SAPeople Contributor 09-04-20 18:12

Whether you’re working remotely, home-schooling, or just binge-watching an old favourite to pass the time, you’re probably putting in maximum time with your devices. Chances are that you’re reading this article on a phone or tablet right now! When was the last time you gave the screen a good wipe?  Disinfecting surfaces is one of […]

mining western cape beach south africa

Controversial West Coast Mining Taints Respected Minister’s Reputation

By SAPeople 08-04-20 16:06

Environment minister Barbara Creecy’s decision to allow vastly expanded West Coast beach mining in South Africa has prompted sharp criticism from environmentalists, reports John Yeld for GroundUp. Appointed at the end of May last year, Creecy, minister of Forestry, Fisheries and the Environment, was seen as a new broom, particularly after making a number of […]

fitch rating south africa

South Africa Remains Committed to Reforms Despite Fitch Decision

By SAPeople 04-04-20 10:56

As rating agency Fitch announced its decision to downgrade South Africa from ‘BB+’ to ‘BB’, placing the country further into non-investment grade, the SA government has emphasised its commitment to implement structural economic reforms. In a statement on Friday, government said it has noted the decision by the agency. In its decision, Fitch cited the […]

president ramaphosa reponse covid bbc gcis

BBC Highlights South Africa’s “Formidable Leadership” and “Ruthlessly Efficient” Response to Covid-19

By SAPeople 17-12-20 01:28

One of the world’s leading news broadcasters, the BBC, has praised South Africa for its “ruthless efficiency” in fighting the coronavirus, and for its “formidable leadership”. “South Africa seems to have acted faster, more efficiently, and more ruthlessly than many other countries around the world,” says the BBC, stating that more than 47,000 have been […]

south african mask lockdown

PHOTOS: Ekurhuleni Clinic Closes After Nurse Tests Positive for COVID-19

By Tom Brown 21-04-20 00:47

The Duduza Clinic near Nigel in Ekurhuleni, South Africa, has been shut indefinitely today – Thursday 2 April – following a resident nurse testing positive for Covid-19.  The infected nurse was reportedly among the 859 churchgoers whom attended a prayer meeting – the Jerusalem Prayer Breakfast – at the Divine Restoration Ministries in Bloemfontein, earlier […]

Photos from Tshwane Show Covid-19 Lockdown in Effect

By Tom Brown 17-12-20 01:28

South African photojournalist Tom Brown, who is usually based between India and South Africa, ventured out into Tshwane on Wednesday to bring SAPeople readers a snapshot of the city under lockdown. (Tom is an accredited photographer with permission to carry out this assignment during lockdown.) Pick n’ Pay are putting up perspex screens to safeguard […]

Eskom and the SIU initiate steps to recoup funds

Eskom Doubles Maintenance Work as Demand Drops During Lockdown

By SAPeople Contributor 02-04-20 11:59

As South Africa enters Day 7 of a nationwide COVID-19 lockdown, Eskom has announced that it will double maintenance work at its plants. “With the COVID-19 national lockdown in full effect, Eskom has experienced a significant reduction in demand for electricity. “Electricity usage has dropped by between 7 500MW and 9 000MW since the lockdown […]

taxi capacity coronavirus south africa

Transport Minister Rescinds 100% Taxi Capacity After Public Outcry

By SAPeople 02-04-20 11:26

Transport Minister Fikile Mbalula has rescinded the directions allowing 100% loading capacity for taxis with immediate effect. The decision follows concerns raised about the 100% loading capacity and the utilisation of masks as a mitigation measure. “The public was without comfort with these measures and urged that we reconsider. After our announcement of catering for […]

petrol price down south africa

Petrol Price to Come Down in April for Locked Down South Africans

By SAPeople 23-01-21 00:45

The petrol price in South Africa will come down by between R1.88 and R1.76 a litre inland in South Africa… although as some are saying “The drop in petrol price during the Lockdown is like a bald man winning a hairbrush” ? The Department of Mineral Resources and Energy has announced a R1.88 cent decrease in […]

budget deficit

Treasury Announces Tax Measures to Counter Corona Impact

By SAPeople Contributor 30-03-20 14:48

The Finance Minister Tito Mboweni has announced exceptional tax measures from 1 April to counter the impact of the Coronavirus pandemic, including a tax subsidy to certain employers and the easement of some tax payments. The Ministry of Finance said in a statement that there was a critical need for government interventions to assist with […]

south africa downgraded junk status

South Africa Downgraded to Junk Status by Moody’s

By Ted Botha 28-03-20 10:59

South Africa has been downgraded to subinvestment (Ba1) status by Moody’s, on the same day the country went into a 21-day lockdown. That means the country is now rated junk by the big three ratings agencies, Moody’s, S&P and Fitch. The other two agencies downgraded South Africa in 2017 already. “The South African government faces […]

WATCH Don’t Panic Buy – Shop Thoughtfully South Africa

By Jenni Baxter 25-03-20 14:10

Now more than ever, South Africans (and people around the globe) need to look after each other. But sadly Pick ‘n Pay says some shoppers are still stockpiling unnecessarily, leaving empty shelves for others in need, and creating panic. Therefore the supermarket chain has produced this video with some of SA’s top musicians reminding locals […]

Essential Services to Remain in Place as South Africa Enters Lockdown

By SAPeople Contributor 24-03-20 18:26

At the stroke of midnight on Thursday, South Africa will go on a nationwide lock-down with the exception of essential services. President Cyril Ramaphosa made the announcement on Monday evening, following a meeting on Sunday with the National Coronavirus Command Council. The lockdown is the South African government’s bid to contain and slow down the […]

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