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What you need to know

Gauteng’s economic dilemma as Covid-19 cases jump

Province may reinstate area-specific lockdowns

By Claudi Mailovich

Joburg could be placed under administration after missed budget deadline

SA’s richest city, biggest municipality and economic hub is now unable to spend any money in terms of the MFMA

By Claudi Mailovich

Cipla to bring Covid-19 treatment remdesivir to SA

Cipla plans to sell the drug at $55 a shot, or $330 (R5,600) for a five-day course, according to Cipla SA CEO Paul ...

By TAMAR KAHN

Western Cape braces for flatter but more deadly Covid-19 curve

The current rate of about 65 deaths per day is expected to rise to 150 in coming weeks

By TAMAR KAHN

Covid-19 deaths may be twice as high as official toll

Medical Research Council estimates the tally of 'natural' deaths is far higher than in earlier periods

By TAMAR KAHN

NEWS ANALYSIS: Beware instant armchair opinions on SA’s official ...

Conclusions on social media are often misleading and superficial, public health researchers warn

By TAMAR KAHN

Insurers face court action over unpaid Covid-19 claims

Claims totalling up to R4bn have been lodged by businesses in the tourism and hospitality sector

By Linda Ensor

Courts give the state a hat-trick of victories over lockdown regulations

Judges dismiss Mmusi Maimane’s constitutional challenge to the decision to reopen the economy

By Genevieve Quintal Karyn Maughan and Claudi Mailovich

Economists urge MPs to reject Tito Mboweni’s budget

A 100-strong group of experts believes much more spending, not cuts, is needed to address the crisis facing SA

By Linda Ensor

Long SA recession a grim harbinger

GDP drops for third quarter running, dragged down by mining and manufacturing

By Lynley Donnelly

UIF still struggling to fix technical problems in payment of Ters relief

Applications for the relief scheme were closed for a second time in less than a week because of a glitch in the system

By Genevieve Quintal

Ninety One says Reserve Bank can cut interest rates by another 50bps

The asset manager says the extent of the economic decline and slowdown in inflation will likely surprise the Bank

By Ntando Thukwana

Trading in cigarettes could lead to criminal record, says minister

While illegal, a record for such a minor infraction could lead to thousands of South Africans having  their future job ...

By Bekezela Phakathi

Forum proposes plan to keep struggling medical practices afloat

Patient volumes have plunged since SA’s first case of Covid-19 in March

By Tamar Kahn

Restaurants ‘bewildered’ by booze ban, to challenge Patel for reasons

The Restaurant Association of SA wants to know why alcohol cannot be sold to sit-down customers

By Nomahlubi Jordaan

Reserve Bank will ensure stability through Covid-19 crisis, says Kganyago

Economic outlook depends on how pandemic develops and extent of restrictions on business activity, reports governor

By Lynley Donnelly

Kisby fund aims to raise R5bn to support SMEs

Investment fund partners seek to provide fairly priced funding solutions for small businesses

By Ntando Thukwana

Global Covid-19 deaths near 500,000 as new infections surge

Cases top 10-million, with a total of 1-million new infections  recorded in only six days

By Agency Staff

Covid-19 infections rise by more than 7,000 in one day

The total number of Covid-19 deaths stood at 2,413 on Saturday, with 131,800 confirmed cases

By Kgaugelo Masweneng

UIF’s Covid-19 relief fund has paid out R24bn to date

The payments have benefited millions of laid off employees so far, with payments for May still being processed

By Genevieve Quintal

No alcohol may be sold when restaurants re-open

You can sit down for dinner at your favourite restaurant from Monday, but only if you — and they — follow strict ...

By Matthew Savides

Taxi operators want to pay instalments in a ‘staggered’ manner due to ...

On Monday, about 45,000 taxi operators, who are members of the SA National Taxi Council, held a  one-day strike

By LUYOLO MKENTANE

Battle with debt at heart of Mboweni’s special budget

Finance minister Tito Mboweni says SA needs to reclaim its ‘fiscal credibility’

By Lynley Donnelly

Start planning for vaccine development and distribution, says Cyril ...

The president wants the continent to work together amid the Covid-19 pandemic with SA spearheading the first vaccine ...

By Genevieve Quintal

SA’s Covid-19 deaths rise by 111 in biggest single-day increase

SA now has 2,102 confirmed coronavirus deaths and 106,108 cases

By Staff writer

SA’s Shabir Madhi to lead first Covid-19 vaccine trial in Africa

The more involved SA is in vaccine development, the closer it will be to the ‘front of queue’ when a vaccine is ...

By Katharine Child

Aspen could produce 10-million dexamethasone tablets within a month, CEO ...

Results from a trial showed that dexamethasone reduced death rates by about a third

By Agency Staff

Doctors bear brunt of Covid-19 trauma, as mental health worsens

Adrenaline is carrying many healthcare workers through the pandemic and helps them cope with the exhaustion and tragedy ...

By Suthentira Govender

AfCFTA will push on even if virus second-wave hits, says Wamkele Mene

AfCFTA secretariat will develop necessary public-health protocols to implement the deal and revive economic growth in ...

By Prinesha Naidoo and Manus Cranny

Growthpoint expects listed property’s value to shrink by chunky R120bn in ...

SA's largest property company says the recovery from Covid-19 will be long and painful

By Alistair Anderson

Agriculture sector employment to remain firm despite Covid-19

SA expects its second-largest grains harvest in the 2019/2020 season and a record citrus harvest

By Bekezela Phakathi

Provinces to be hard hit by budget changes brought on by Covid-19

Key projects in public works, roads and transport services will be delayed or cancelled as funds are  reallocated ...

By Bekezela Phakathi

AROUND THE WORLD

Florida Covid-19 cases surge as Trump hails economic recovery

The US state reports 169,106 cumulative Covid-19 cases and 3,617 deaths

By Agency Staff

It’s not only Covid-19 that is killing people in India’s Ahmedabad

India has the world’s fourth-biggest outbreak of the Covid-19 disease caused by the virus, with over 600,000 confirmed ...

By Sumit Khanna

Mirror, mirror: will cosmetics survive Covid-19?

The beauty industry has proved resilient in times of economic hardship, but it will have to keep up with trends

By Lisa Steyn

Japan’s logistics sector moves to go human-free amid Covid concerns

Demand for automated systems is rising, and the government is pushing for the use of drones in sparsely populated areas

By Nao Sano and Shiho Takezawa

New Burundi president does a U-turn on the pandemic

Évariste Ndayishimiye calls the coronavirus the ‘biggest enemy’ after World Bank gives the country $5m to fight Covid-19

By Agency Staff

Global tourism faces at least $1.2-trillion hit from pandemic, says UN

Moderate scenario predicts developing countries are among those set to suffer the steepest losses in GDP terms

By Agency Staff

Sweden to probe controversial response to Covid-19 pandemic

Sweden’s strategy has resulted in a much higher death rate than in neighbouring countries, according to Johns Hopkins ...

By Love Liman

China to monitor G4 swine flu strain found in pigs

Despite being able to infect humans, China has downplayed its potential to create a pandemic

By Agency Staff

Fauci warns US without changes virus cases could top 100,000 a day

The US health director's comments come as Arizona and Florida clamp down on bars and Texas expands hospital ICU ...

By Anna Edney

Airbus to cut 15,000 jobs as airline battles coronavirus fallout

The airline says travel is not expected to return to pre-crisis levels before 2023 at the earliest

By Charlotte Ryan

Zimbabwean security forces ‘behind closure of stock exchange’

Government denies being sidelined by the securocrats over the halting of most mobile money transactions

By Ray Ndlovu, Brian Latham, Godfrey Marawanyika and Antony Sguazzin

This is Boris Johnson’s vision for rescuing the UK economy

Johnson announced the acceleration of investment in roads, schools and hospitals with a major overhaul of planning ...

By Alex Morales and Tim Ross

Infection fears grow for isolated Amazon tribes

Warning sounded that Covid-19 could wipe out indigenous communities

By Mauricio Angelo

Qatar confirms first virus death among Fifa World Cup workforce

A source close to the tournament organisers said 121 infections are still active of the 1,102 cases of Covid-19 reported

By Agency Staff

Pandemic hammers all parts of Shell’s business

Energy company’s dire second quarter threatens to have a long-lasting effect

By Laura Hurst

New swine flu with pandemic potential discovered in China

Scientists say the virus has hallmarks of being highly adapted to infect humans

By Agency Staff

Zimbabwe Stock Exchange suspends trading on Monday

Zimbabwe’s government ordered that the bourse and mobile money transfer agents temporarily halt business to allow for ...

By Agency Staff

Pandemic exposes risks of ageing UK workforce

From producers of medical packing components to truck drivers and agriculture, Covid-19 has made addressing issue more ...

By Lucy Meakin
Opinion Editor's Choice

Why it’s crucial to shield the elderly from coronavirus infection in Africa

The centralised distribution of social grants in SA exacerbates the threats to the elderly in rural areas

By Christine Dube and Sixolile Ngqwala

ECB says economy has a long, slow climb towards recovery

Christine Lagarde says the recovery from the pandemic will be ‘restrained’ and some sectors will likely be ‘hurt ...

By Piotr Skolimowski

The toll on the French bistro, an intangible cultural heritage

For the French, the corner bistro is part of life, one that has taken a terrible toll during the pandemic, but that ...

By Agency Staff

Black traders targeted in China’s ‘little Africa’

Africans in Guangzhou’s Xiaobei neighbourhood singled out for mandatory tests and quarantines during lockdown

By David Kirton

UK beaches swamped as heatwave and Brits ignore Covid-19 rules

Southern England saw traffic grid-locked and booze-fueled brawls on its beaches with local authorities overwhelmed

By Estelle Shirbon

Pandemic weighs on Poland president’s re-election bid

But Andrzej Duda maintain healthy lead as he seeks a second term in elections on Sunday

By Marek Strzelecki

IMF warns market’s gamble on recovery a potential threat

IMF's Global Financial Stability Report says markets are betting strong support from central banks and governments will ...

By Agency Staff

Fed caps bank dividends and bans share buybacks

Bank dividends in question after review of virus lockdown effects on the US economy and financial system uncovers ...

By Yalman Onaran and Jesse Hamilton

Swedish scientist now allows masks might be of benefit for Covid-19

Anders Tegnell has said ‘the world had gone mad’ as severe lockdowns are of little effect in addressing the longer-term ...

By Rafaela Lindeberg and Niclas Rolander

Brazil’s central bank slashes 2020 economic forecast

Bank says its dramatic downward revision due to severity of Covid-19 pandemic in Brazil

By Jamie McGeever

New US jobless claims worse than expected

Job losses in the US now stand at 47.2-million, but the four-week moving average on claims has fallen

By Agency Staff

Pandemic set to compound drug risks, warns UN

The agency predicts an overall rise in use and a shift towards cheaper, more harmful, products

By afp.com

Europe limps towards cliff edge amid tough Covid recovery

Emergency programmes are set to expire, creating the risk of a second-wave hit to the economy

By Joao Lima

Stiglitz and Roubini gloomy over recovery, especially in the US

The two renowned economists say globalisation has taken a hit and that Europe is likely to recovery quicker, and ...

By Piotr Skolimowski and Stephanie Flanders

Gold climbs above $1,800 for the first time since 2011

Investors are running to gold as coronavirus cases top 10-million and rising

By Justina Vasquez and Yvonne Yue Li

Views and Analysis

GENEVIEVE QUINTAL: Ters payments are a mammoth task, but lives are at stake

The government and employers need to play their part to ensure vulnerable workers get relief despite the technical ...

By Genevieve Quintal

ANTHONY BUTLER: If the cuts start, praise will stop, and blame begin

The finance minister’s chances of implementing reform are small, as shrinking the public sector will hit resistance

ANN BERNSTEIN: Despite stellar efforts against Covid-19, business has ...

More thought needs to go into the nature of the political economy, and making less self-serving proposals on policy

By Ann Bernstein

Zombie companies proliferate under cover of pandemic

Over-indebted firms threaten other companies after accepting state bailouts and payment holidays from banks

By Hans Klopper

Why is the Covid-19 mortality rate so high in the Western Cape?

Altitude plays a role, as do UV radiation levels and the weather, write Daniel Uys and Schalk van der Merwe

By Daniel Uys and Schalk van der Merwe

EDITORIAL: That the economy could have been worse off is no consolation

The Covid-19 crisis means our leadership cannot continue with its wait-and-see approach

PETER BRUCE: Under deluge, the poor Eastern Cape is, frankly, broken

The province should have been reorganised by the ANC, which instead reinstated homeland arrangements

Peter Bruce
Columnist

Banking to become bespoke as Covid-19 creates new demands

After the pandemic, banks will have to ensure customers are getting real value for their money if they want to keep ...

By Cowyk Fox

GARETH VAN ONSELEN: This is why the ANC always wins

No-one in the ANC is ever responsible for anything because there is no coherent idea of a party to measure them ...

Focus on commerce must temper regulatory zeal

Sidelining commercial considerations will result in plans that have no effect on SA’s chances of recovery

By Shawn Hagedorn

THE GUARDIAN: A sip of Boris Johnson’s cocktail of conservatism, Brexit ...

The concoction is a Scheidelian shock that could take society in a completely different direction to the one towards ...

Opinion Editor's Choice

Evil triumphs when the middle ground is no longer worth retweeting

The entire social media has become a war zone, where divides are rampant but the rational middle ground is silent

By Kris Dobie

How masks are a big part of the pandemic psychometric test

The decision by many people in the US not to wear them stems from a vacuum of trust and moral authority

By Tyler Cowen

CLAIRE BISSEKER: SA’s fiscal crisis: feel it, it is here

Tito Mboweni’s aggressive fiscal adjustment proposition appears neither politically nor economically feasible

WOLFGANG MÜNCHAU: A rapid rebound would challenge EU contradictions

While welcome, swift economic recovery would pose awkward questions for monetary and fiscal policy

By Wolfgang Münchau

JONATHAN COOK: Businesses will get nowhere fast without adapting to the ...

Surviving the pandemic requires speed and efficiency in meeting the needs of customers

Jonathan Cook
Columnist

THE LEX COLUMN: Middle classes: mushrooming no longer

Years of progress reversed as the coronavirus pandemic tips more people into poverty

Opinion Editor's Choice

State is on right track involving private sector in infrastructure plans

Private sector funding for myriad projects can help SA out of its low-growth trap, writes Jason Lightfoot

By Jason Lightfoot

LEILA FOURIE: Covid-19 offers chance to build back better than before

Our next threat is climate change and inexorably rising temperatures, but in trying to flatten the infection curve we ...

By Leila Fourie
Opinion Editor's Choice

The importance of clarity in a time of uncertainty

Entrepreneurs should face the reality of the pandemic and plan for possible outcomes

By Marc Kahn
Opinion Editor's Choice

Graft is the killer hippo in the room

Politicians are too weak-kneed to act on state capture, irregular expenses and wasting of public funds, writes Paul ...

By Paul Hoffman
Opinion Editor's Choice

JONNY STEINBERG: An inkling of the Great Catastrophe made us acquiescent

Who would have thought South Africans, hardly a credulous bunch, would tolerate police wielding batons over our heads?

Opinion Editor's Choice

MASHUDU RAMANO: Pandemic highlights the need for a new concept of the ...

A conversation should be started on the idea of the economy and why SA’s economy is unable to provide adequate goods ...

By Mashudu Ramano

Detailed risk prediction is needed to combat Covid-19

Actions around specifically identified groups at risk of contracting the disease need to be made if SA is to reopen ...

By Gareth Kantor

BRIAN KANTOR: State must ensure capital markets can help SA weather the ...

The economy has not benefited from fiscal and monetary relief on anything like the scale offered elsewhere

Brian Kantor
Columnist
Opinion Editor's Choice

More needs to be done to tackle digital inequality

The pandemic has highlighted continued unequal access to digital services despite the government’s initiatives

By Sfiso Nxumalo

NEVA MAKGETLA: U-turn on lockdown will not free up the poor

The government cannot just abdicate all responsibility for stopping the spread of Covid-19

Neva Makgetla
Columnist
Opinion Editor's Choice

CHRIS GILMOUR: Mr Price or TFG? Both stocks weather the Covid-19 storm

With Edcon teetering on the brink of collapse, the race in the retail track is now down to the two forward-looking ...

By Chris Gilmour

A case for price gouging policy versus price control

Prosecuting price gouging using competition policy comes with constraints

By Willem H Boshoff

A second wave doesn’t seem to bother the markets that much

The economic scenarios for a second wave, or its absence, hardly differ, so what changed since last week, writes Mike ...

By Mike Dolan
Opinion Editor's Choice

TIM HARFORD: What countries can — and can’t — learn from each other

The lack of global co-ordination on the response to Covid-19 has cost lives

Tim Harford
Columnist
Opinion Editor's Choice

LUKANYO MNYANDA: What shouldn’t be done as SA stares a debt crisis in the ...

Throwing away money, as on SAA or nuclear power, is a good place to start

Lukanyo Mnyanda
Editor: Business Day
Opinion Editor's Choice

No, this time will not be different if SA prints money

Financing the revised budget puts Cyril Ramaphosa and Tito Mboweni in a bind

By Msizi Khoza
Opinion Editor's Choice

LESETJA KGANYAGO: Reserve Bank’s aggressive response has helped allay ...

The Bank has implemented important measures, including lowering rates and making liquidity available to banks

By Lesetja Kganyago

Technology could solve SA’s post-Covid public transport challenges

Using apps and telematics to manage supply and demand would reduce overcrowding and ensure hygiene

By Ivan Reutener and Gareth Taylor
Opinion Editor's Choice

MARC WACHSBERGER: No price wars in tourism sector, and no buffets either

Safety and hygiene protocols, essential after the lockdown won’t be enough, with responding to clients’ new needs being ...

By Marc Wachsberger

VINCE VAN DER BIJL: Yes Minister, it’s not the government’s fault?

For Nathi Mthethwa to blame others for the lack of development in cricket is simply bad faith

By Vince van der Bijl

HOW THE MARKETS ARE REACTING

MARKET WRAP: JSE has best day in a week as US jobs data boosts markets

The rand broke below R17/$ for the time in three weeks

By Odwa Mjo

US stocks climb as nearly 5-million jobs added in June

US payrolls rose by 4.8-million in June after an upwardly revised 2.7-million gain in the prior month

By Rita Nazareth

Rand breaks below R17/$, lifted by positive economic data

The local currency was on track for its second day of gains reaching an intra-day best of R16.88/$, its highest level ...

By Lindiwe Tsobo

Oil gains as drop in stockpiles offsets rise in US Covid-19 cases

US crude inventories fell 7.2-million barrels from a record high last week, with US Covid-19 cases rising by nearly ...

By Julia Payne
Thursday, June 25 2020
Thursday, June 25 2020

UIF and pensions during Covid-19 have been a major concern for employers and employees across the country. Minister of employment and labour Thulas Nxesi has announced a Covid-19 relief fund for employers and their employees. More than 100,000 payments to companies have already been made by the scheme. Here is what you need to know about your UIF claims and company pension funds during this time of uncertainty.

A clinical research centre in Cape Town called TASK has begun a vaccine clinical trial on 500 health workers to determine if the Bacille Calmette-Guerin (BCG) vaccine can prevent people from contracting the coronavirus or limit the severity of Covid-19 symptoms.

The Western Cape saw 35 arrests due to looting from April 17 to April 23 2020. We take a look at some of the looting and ransacking of grocery stores, trucks and churches in Cape Town during the extended Covid-19 lockdown. Subscribe to MultimediaLIVE here: https://www.youtube.com/user/TimesLive Comment Moderation Policy: https://www.timeslive.co.za/comments/

Western Cape provincial health minister Nomafrench Mbombo visited the Cape Town International Convention Centre on June 29 2020 to receive donations made by retail group Shoprite. The MEC gave insight into how the field hospitals around the province were fairing and just how prepared the Western Cape is for any possible spike in hospitalisations.

Capetonians spoke out about the ban on cigarettes announced by minister of co-operative governance & traditional affairs Nkosazana Dlamini-Zuma on April 29 2020. This comes less than a week after president Cyril Ramaphosa announced that cigarettes would be back on shelves across the country when the Covid-19 lockdown level is eased to level 4 on May 1 2020.

Tshwane officials have removed close to 10,000 homeless people in a bid to curb the spread of Covid-19. Homeless people have been placed in shelters throughout the city. They are expected to remain in these shelters until the lockdown ends. Subscribe to MultimediaLIVE here: https://www.youtube.com/user/TimesLive Comment Moderation Policy: https://www.timeslive.co.za/comments/

South Africa's treasury says it will take up a $1bn (about R19bn) loan from the New Development Bank (NDB) - formerly known as the Brics Development Bank - to fight the Covid-19 pandemic.

South Africa's 21-day lockdown initially prohibited any movement between provinces, other than essential services. This presented problems for people wanting to hold or attend burials and funerals across the country. The regulations have since been amended however to allow people a chance to pay their last respects. Here is what you need to know about regulations concerning movement to attend funerals.

The Covid-19 coronavirus, targets human cells with ACE2 receptors, which are found in the respiratory system. The immune response can trigger potentially deadly inflammations and the virus can spread from the lungs to other organs. Here’s a visual representation of how Covid-19 infects and damages the human body.

With many small businesses taking a financial hit during SA's 21-day lockdown, personal trainer Abdullah Bayett, who runs SKR Martial Arts & Fitness Academy in Lenasia, Johannesburg, is trying to see the lockdown as a new challenge. He has been recording a combination of fitness routines and sharing the videos with his members via WhatApp to ensure they stay fit during the lockdown.