With several businesses facing the bleak prospect of shutting down as a direct consequence of the COVID-19 pandemic, President Cyril Ramaphosa has urged that such decisions be carefully taken.
The Directorate for Priority Crime Investigation (Hawks) has pounced on eight suspects allegedly behind the plundering and collapse of the Venda Building Society (VBS) Mutual Bank.
Government has announced a massive social relief and economic support package of R500 billion which amounts to around 10% of Gross Domestic Product (GDP) to mitigate against the blow of COVID-19 in the country.
My Fellow South Africans,It is 25 days since South Africa began a nation-wide lockdown to contain the spread of the coronavirus. It has demanded of you great fortitude and endurance.
Government, through National Treasury, is exploring all funding avenues to finance all COVID-19 related programmes and measures aimed at addressing the pandemic.
It is of utmost importance to have a financial sector that serves all South Africans, says Finance Minister Nhlanhla Nene.
The South African Reserve Bank (SARB) is to close its Durban, Cape Town and Johannesburg branches to the public.