Aurum Trust
Lockdown: SARB Foresees 370 000 Initial Job Losses, 1 600 Business Insolvencies
Early projections by the SARB are that the 21-day lockdown could see 370 000 job losses and 1 600 business insolvencies.
Aurum Trust
Mboweni’s ‘Hallelujah’ Moment as Ramaphosa Green-lights Structural Reform
Mboweni had a ‘Hallelujah’ moment when President Ramaphosa told him that the Moody’s downgrade was the trigger to pursue structural reforms.
Aurum Trust
South Africa’s Economic Firepower: Now vs 2008 Crisis in Charts
SA emerged from the 2008 global financial crisis in strong position. The opposite is likely after the coronavirus pandemic.
Aurum Trust
How Far the JSE’s Biggest Companies Have Fallen
More than 30% down for 23 of the 40 largest so far this year...
Aurum Trust
Steep Cut in Interest Rates Announced
The SA Reserve Bank’s monetary policy committee cut the repo rate by one percentage point from 6.25% to 5.25% on 19 March.
Aurum Trust
SA Slips into Technical Recession after 1.4% GDP Contraction in 4th Quarter
South Africa’s GDP has expectedly contracted by 1.4% in the fourth quarter of 2019, pushing the country into a technical recession.
Aurum Trust
SA’s Problem of a Narrow Tax Base and High Taxes
Analysis of collections by Sars shows why things are not working in SA.