Tag: National Treasury

Kenya’s Central Bank floats bond for budgetary support

In Kenya, the Central Bank is inviting investors to bid for the 15-year and 20-year treasury bonds worth $461.5 million, with proceeds to be used by National Treasury to finance the national budget. Moreover, diaspora remittance remained strong to hit $277 million in July which was a marginal decline from the $288.5 million recorded in June 2020. David Gitau, Invetment Analyst at Cytonn joins CNBC Africa for more.

Here’s how to apply for SA’s COVID-19 loan guarantee scheme

A multi-billion rand loan guarantee scheme announced by South African President Cyril Ramaphosa last month is now officially in operation, with the assistance of the country’s major banks, including FNB, Investec, Standard Bank and Absa.

SA National Treasury introduces new measures for COVID-19 emergency procurement

The South African National Treasury is replacing measures relating to the COVID-19 Disaster Management Central Emergency Procurement Strategy.

South African economy to shrink 4.9% in 2020, SARB to cut rates in May – Poll

South Africa’s economy will contract sharply this year as activity is hit by the coronavirus outbreak, despite expectations the central bank will cut interest rates again in May, a Reuters poll found on Monday.

Growthpoint SA CEO on the business impact of COVID-19 lockdown

As the economy faces one of its toughest battles yet, one industry that is feeling the brunt of the economic fallout is the property sector. Last week the South African Real Estate Investment Trust Association made an urgent request to the National Treasury for provisional relief of the REIT tax rules and joining CNBC Africa for more is Estienne de Klerk, SA REIT Chairman and CEO of Growthpoint SA.

The impact of COVID-19 lockdown on tax and unemployment related matters

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.

FNB confirms measures to help customers impacted by COVID-19

“In recent weeks, the South African Government, business community, philanthropists and society at large have shown remarkable unity in a joint effort to protect our country against the impact of COVID-19,” writes FNB Chief Executive Officer, Jacques Celliers.

Covid-19: Tax relief proposed by the President

The address by President Cyril Ramaphosa on Monday, 23 March 2020, set out certain fiscal relief measures to help small and medium enterprises (SMEs) and vulnerable firms mitigate cash flow constraints as a consequence of the COVID-19 outbreak.
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