5 Important Things That Happened In South Africa Today (29 June 2020)
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In case you're wondering, here’s what is happening in and affecting South Africa today:
Coronavirus : Global infections are now at the 10 million mark, with the death toll reaching 500,000. In South Africa cases continue to rise at an alarming rate, with a total of 138,134 cases now confirmed in the country. Deaths have increased to 2,456, and recoveries are at 68,925, leaving a balance of 66,753 active cases.
The Next Big Battle : South Africa can not afford to pay public servants as promised salary increases in 2020, but unions aren’t having it. Finance minister Tito Mboweni is not budging on plans to cut the public service wage bill by R160 billion over the next 3 years, but with court cases looming, and wage negotiations for the sector coming in October, the minister will have his work cut out for him. Economists have highlighted this as one of the biggest liabilities in the budget.
Fight or Flight : The Taxi association says that taxis will start operating at full capacity as from 29 June 2020, whether the government says its okay or not and if vehicles are impounded for it, then get ready for another taxi strike. The group also rejected the conditions attached to the R1 billion relief fund for the industry which requires beneficiaries be registered as a business. Transport Minister Fikile Mbalula, meanwhile has pleases with the taxi bodies not to break the law and to consider the impact of their course of action.
Dine and no wine : As restaurants waif for Friday night's rules around reopening to be gazetted today, they demand answers from government about the No alcohol sale regulation. Some say they will be unable to open if alcohol sales are still banned, as they make up large parts of revenue and it would be unfeasible to do so.
Markets : We start the week with the rand in stable terrain as markets seek a new catalyst to give it a fresh direction. While Covid-19 related risks remain a reality, they have become less pronounced in the currency market in the recent short term. We turn our attention to the local trade balance today, and the key event for this week is local GDP, that is due for release tomorrow, 30 June 2020. On Monday the rand, R19. 45 to the euro and R21. 40 to the pound.
That's it from me, please leave a comment below and let me know what your views are on what is happening in our beloved country.
IN OTHER NEWS :
List Of Areas in South Africa That Will Likely See The First Peak In COVID-19 Cases. View pictures in App save up to 80% data.
The health Minister, Dr Zweli Mkhize say the evolution of the coronavirus outbreak in the country has highlighted the different success rates between the provinces.
This he said speaking at the opening of a new field hospital in the Eastern Cape on Tuesday (23 June), the health Minister said that government has studied the unique dynamics in each province and continues to offer the necessary support to achieve the desired outcomes which will then assist the different provinces in fighting Covid-19. Continue Reading