Lockdown South Africa
South Africa Moves to Adjusted Alert Level 3 – Everything You Need to Know
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Comair Grounds Kulula Flights Until September
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Ramaphosa Extends Lockdown in SA – Here are the New Regulations
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South Africa Tightens Lockdown Regulations To Curb New COVID-19 Delta Variant
Image sourced from Biznet.com /* custom css */ .tdi_4_10f.td-a-rec-img{ text-align: left; }.tdi_4_10f.td-a-rec-img img{ margin: 0 auto 0 0; } Last night, South African President Cyril Ramaphosa announced new, increased lockdown restrictions in an attempt to curb the spread of a new COVID-19 variant in the country that has been detected in five provinces. Ramaphosa announced that South Africa’s alert level would rise to Adjusted Level 4. New restrictions include the prohibition of all gatherings and the sale of alcohol. Leisure travel to and from Gauteng, the province that is considered the third wave’s epicentre and the economic backbone of the country, has also been limited, and schools have had their winter holidays brought forward in an effort to close educational institutions until the...
South Africa’s GDP Falls by 2% During First Quarter of 2020
Sourced from Finance Monthly. According to Statistics South Africa, the country’s economy decreased by 2.0% in the first quarter of 2020. Extending the technical recession the country found itself in in the last quarter of 2019. Stats SA’s latest quarterly GDP figures come only a week after SA’s finance minister Tito Mboweni tabled a supplementary budget in part of the country’s response against the COVID-19 pandemic. South Africa is the worst affected country in the continent. Treasury now expects the country’s GDP to contract by a record 7.2% by the end of the year, while tax revenues are expected to fall over R300 billion shorter then what was estimated in February’s budget. Fin24 reports that the global economy is likewise looking dour. The UK is reporting a 2.2% contraction between Ja...
Scam Attempts on Gumtree Have Surged During South Africa’s Lockdown
British classifieds platform popular with South Africans, Gumtree has seen an increase in scams during the country’s lockdown with criminals and fraudsters benefiting from scamming people over a distance. Estelle Nagel of Gumtree says that “The pandemic has seen more South Africans sell their items in an attempt to raise additional cash, and as those listings increase, so do scam attempts.” “With lockdown, buyers and sellers are inclined to transact online only rather than face to face or without viewing an item in person and using electronic payment methods rather than cash. This does lead to more instances of fraud,” she continues. With more and more South Africans desperately searching for cash during these tough times, Nagel says, they may be less risk-averse than normal and more likel...
Ride-Hailing Businesses Begin to Recover
Sourced from Forbes. Uber Technologies Inc.’s global rides business is down 70% from this time last year, a small improvement from its rock-bottom fall during the beginning of the coronavirus pandemic. Though slight, it is an indication that recovery is coming, albeit slowly. The decline in rides seems to be offset, if partially, by a boom in food delivery. Uber Eats’ gains have more than doubled, and they continue to accelerate, says Dara Khosrowshahi, Uber’s CEO, speaking at a virtual tech conference hosted by Bank of America. Bloomberg reports that the ride-hailing company intends to continue to look for opportunities in the food delivery market. Khosrowshahi declined to comment on Uber’s proposal to buy Grubhub Inc., which was first reported by Bloomberg last month. Since being so hars...
Major Petrol Price Hike Could Cripple South Africa’s Economy says Expert
Sourced from the South African The major fuel price hike scheduled for tomorrow (3 June) is going to further hurt the economy and have a major impact on deeply indebted consumers. This is after the petrol price in the country slumped to a 21-year low as South Africa descended into a nationwide lockdown. All grades of petrol will spike at R1.18 ($0.07) a litre while diesel will increase by R0.22 ($0.013) a litre. Neil Roets, CEO of one of the largest debt counselling companies in South Africa, Debt Rescue, says the increases would have a devastating impact on consumers who are mostly three months or more behind in the repayments of their loans. /* custom css */ .tdi_3_56f.td-a-rec-img{ text-align: left; }.tdi_3_56f.td-a-rec-img img{ margin: 0 auto 0 0; } “This is going to lead to further un...
5 Best Video Games For Parents and Kids Under Lockdown
Sourced from The Guardian. With only grade 7 and grade 12 learners returning to school in the next few weeks, most children are still confined to their homes under the nationwide level 3 lockdown in South Africa. While many parents are working from home, and children are schooling from home as well, there is always a few hours of the day to settle down to some video games together. Of course, you don’t want your kids drowning in screen time, but if you’re a parent that games, or if your children game, this is an excellent way to connect with them. The following are 5 great video games to play with your children during level 3 lockdown in South Africa that are certain to be fun for both you and your kids: 5. FIFA or any other sports game /* custom css */ .tdi_3_d66.td-a-rec-img{ text-align:...
To Emerge from COVID-19 Businesses Will have to “Re-Think” Traditional Models
Sourced from Tech Loot Traditional models of business funding need a re-think if South Africa’s small businesses and entrepreneurs are to emerge from the financially crippling “winter of coronavirus” into a spring of growth and rejuvenation. Accepting that downturns, recessions and economic crises are inevitable, one needs to shift the focus into building “Zebra” companies – sustainable businesses with steady growth, strong balance sheets and cash flows, and able to withstand downturns – rather than “Unicorns that will die without the next round of funding”, says University of Stellenbosch Business School (USB) Senior Extraordinary Lecturer, Daniel Strauss. “In the past, we had a mindset of ‘or’ – we either had a traditional SMME that was funded through debt or we had a start-up that was f...
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