Tag: National Lockdown
In light of the national lock-down and economic downturn in South Africa, we have been speaking with South Africa’s top businessmen and billionaire’s over the past few weeks in order to unlock their perspective on the COVID-19 crisis. Joining CNBC Africa for today’s discussion is retail tycoon and billionaire, Christo Wiese.
Amid the global COVID-19 pandemic and 21-day lockdown faced by South Africans, First National Bank has announced additional measures to assist small and medium-sized enterprises battling with funding in the country.
South African Transport Minister Fikile Mbalula has rescinded his earlier decision of allowing taxis to carry a full load of passengers.
“Public transport remains one of our biggest risk areas in the spread of the virus. We must therefore do everything in our power to protect both the citizens who rely on public transport and those who operate the system from exposure and possible infection,” reads the statement by South Africa’s Department of Transport.
The COVID-19 21-day lockdown, imposed by South African President Cyril Ramaphosa on Thursday, 16 April 2020, will have an impact on tax and unemployment-related matters.
Harmony Gold Mining Company said on Tuesday that it expects limited gold production during the 21-day lockdown in South Africa in the wake of the fast-spreading coronavirus.
“Africa urgently needs a globally coordinated Ubuntu Plan in response to COVID-19, a fiscal stimulus that recognises our shared and connected humanity, as we find ourselves in the midst of an unprecedented crisis,” writes Victor Oladokun.