Displaying items by tag: economy

President Cyril Ramaphosa has announced that South Africa will move to alert level 3 with effect from 1 June - with more sectors of the economy opening and the removal of a number of restrictions on the movement of people.

A call has been made to South Africans to support locally made products as part of efforts to jump-start the economy in the midst of the COVID-19 pandemic.

About 1.5 million more South Africans will from 1 May return to work as government begins to lift a fraction of COVID-19 lockdown regulations.

Life in South Africa will gradually begin to return to normal from next month, with government steadily easing the COVID-19 lockdown regulations, albeit under stringent stipulations.

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.

South Africa should consider all energy sources available in its future energy plans, says Energy Minister Jeff Radebe.

Eskom’s Technical Review Team is expected to produce a preliminary report within four weeks, Cabinet said on Thursday.

Work is afoot on reconfiguring the South African electricity sector by addressing challenges faced by Eskom, with the board of the first subsidiary of the power utility to be appointed by mid-2019, Treasury said on Wednesday.