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SA cuts rates again, by modest 25 bps

Reserve Bank governor Lesetja Kganyago warned that monetary policy alone cannot spur economic growth, and that wide economic reforms are needed. The South African Reserve Bank (SARB) announced an additional rate cut on Thursday, of 25 basis points. This takes the total cut in 2020 to 300 points, lowering the repo rate to 3.5% and […]
Radisson to build two new hotels in Joburg and Durban despite Covid-19 turmoil

Artist impression showing Radisson Hotel & Convention Centre Johannesburg, O.R. Tambo. The COVID-19 pandemic has accelerated Radisson Hotel Group Africa’s hospitality plans, pushing the company to invest billions in building new six new hotels in Africa, including two in South Africa. The announcement comes at a time when South Africa’s travel and tourism industry faces […]
SA remains on lockdown level 4 until end of May, says Ramaphosa

After 48 days on lockdown, President Cyril Ramaphosa said the country remains on lockdown level 4 until end of May. After 48 days on lockdown, President Cyril Ramaphosa addressed the nation on the country’s ongoing measures to manage the spread of the coronavirus with plans to gradually re-open the economy moving to level 3. Consultations […]

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