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Cosatu wants the South African Reserve Bank (Sarb) to further lower the repo rate by 50 basis points when its monetary policy committee next meets, and for commercial banks to “come to the party” in helping make credit affordable. ....
DA’s Hill-Lewis: SA is a kleptocratic state failing to recover economy Hill-Lewis, who was speaking at the Black Business Council s 2021 Summit on Thursday morning, said almost everyone in the country agreed on areas that required reform but that this had been hampered by slow progress. A screengrab of DA finance spokesperson Geordin Hill-Lewis in Parliament. 2 hours ago JOHANNESBURG - Democratic Alliance (DA) shadow finance minister Geordin Hill-Lewis said South Africa s reform agenda was stuck in the mud and that the country had failed to get on the road to economic recovery with zero progress on the plans it laid out in this regard. ....
Ramaphosa: Govt’s focus on economic reforms beginning to pay off Replying to the debate on the Presidency’s budget vote in the National Assembly on Thursday afternoon, Ramaphosa cited a string of indicators that show signs of a rebound in the economy, which was already in trouble before being ravaged by the COVID-19 pandemic. President Cyril Ramaphosa. Picture: @PresidencyZA/Twitter 4 minutes ago CAPE TOWN - President Cyril Ramaphosa said his government’s focus on economic reforms was beginning to pay off, with the economy showing signs of recovery. Replying to the debate on the Presidency’s budget vote in the National Assembly on Thursday afternoon, Ramaphosa cited a string of indicators that show signs of a rebound in the economy, which was already in trouble before being ravaged by the COVID-19 pandemic. ....
Stats SA said that the number of employed people in the country remained almost unchanged at 15 million between the fourth quarter of 2020 and the first quarter of 2021. The official unemployment rate increased slightly to 32.6% in the first quarter of 2021. ....