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CAPE TOWN - Good morning. This is all the latest business news that you need to know today.
The government said the expected rise in revenue shortfall this year justified going to international financial markets for loans in order to mitigate the impact of the coronavirus pandemic on the economy.
The rand lost most of its recent gains as a result of last week’s rebalance of the World Government Bond Index (WGBI) according to Bianca Botes, Executive Director at Peregrine Treasury Solutions.
A plan to discontinue South African Airways (SAA) took shape this weekend after the government confirmed that it was developing a business case to create a “new” national carrier.
The coronavirus (Covid-19) pandemic is likely to hit property sales in South Africa as earnings potentials continue to take a knock despite online searches through the lockdown.
South African Airways could start shedding its 5 000 staff from May 12 if unions and workers do not accept a proposed severance deal, administrators trying to rescue the airline said on Sunday.
The Bidvest Group has set aside R400 million towards employee relief initiatives as a result of the coronavirus (Covid-19) pandemic.
Disrupt Africa has launched Disrupt Podcast, offering listeners a fortnightly wrap-up of all the developments in the African tech startup ecosystem.
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