Cyril Ramaphosa

SA remains on lockdown level 4 until end of May, says Ramaphosa

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.

South Africa to ease Covid-19 lockdown restrictions

After four weeks on lockdown, President Cyril Ramaphosa has unveiled new levels of Coronavirus (COVID-19) which will determine which sectors of the economy would be opened in certain areas.

President Ramaphosa announces massive R500bn economic recovery package

President Cyril Ramaphosa has unveiled the R500 billion economic recovery stimulus package that will form part of the national response to support South Africans dealing with the consequences of the coronavirus (COVID-19) pandemic.

South Africa's Repo rate slashed by 1%

In an attempt to offset the economic damage from the Covid-19, South Africa’s repo rate has been slashed by 100 basis points or 1% bringing the repo rate down to 4.25% on Tuesday morning.

South Africa extends 21-day lockdown with 2 more weeks

President Cyril Ramaphosa has extended the current 21-day lockdown with an additional 2 more weeks.

The Foschini Group to skip Rental Payments amid SA lockdown

As South Africa goes into a 21-day nation-wide lockdown, The Foschini Group [JSE: TFG] – whose brands include Foschini Stores, @home, Markham, Totalsports and Sterns – said it’s stopping rental payments because of the impact of the coronavirus outbreak.

A look at ambitious R500 billion smart cities planned for Gauteng

The Gauteng Provincial Government plans to forge ahead developing R500 billion mega smart cities including a new university over the next 10 years.

SONA 2020: Industry players call for action to boost Property Investor Confidence

The 2020 State of the Nation Address (SONA) is on everyone’s minds and it’s clear that our President and his cabinet have a lot of work ahead of them.

Eskom chairman calls its quits, electricity rationing resumes

Eskom on Friday announced that its group chairman, Jabu Mabuza has tendered his resignation just after a week into renewed electricity rationing, as the utility failed to keep the lights on.

Soweto's humble Property Giant, Richard Maponya praised for Township Development

Business icon Richard Maponya, who died early on Monday, has been praised for establishing Soweto's mega R650m Maponya Mall that opened in 2007. It was the first investment of its size in a township in South Africa.

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