Month: June 2020

Government Debt Hole

Staring into the bottomless global government debt hole Right now, governments have little option but to treat their finances like a bottomless cup of coffee, adding trillions to already overwhelming debt burdens to minimise the damage done by the Covid-19 pandemic.  Financial support for vulnerable businesses and populations are justifiably the priority for now, but …

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What does SAA owe the banks

The publication on Tuesday evening of the much-delayed business rescue plan for state-owned South African Airways (SAA) reveals that creditor claims could total as much as R38.4 billion. This excludes the R9.2 billion owed to various local banks and financial institutions before the company was placed in business rescue. A further R2 billion in finance …

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Lockdown All But Over

President Cyril Ramaphosa has all but admitted the government’s lockdown strategy can no longer curb the spread of Covid-19. Addressing the nation in a solemn speech that ended with an incredibly powerful message about gender-based violence, Ramaphosa said it was now up to individuals to take responsibility into “our own hands”. His speech still did …

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SA Top Business Process Outsourcing Destination

Media Statement for the City’s Mayoral Committee Member for Economic Opportunities and Asset Management, Alderman James Vos. South Africa is one of the top three most preferred Business Process Outsourcing (BPO) destinations according to the annual 2020 Front Office BPO Omnibus Survey conducted by Ryan Strategic Advisory. Over 50% of the companies in the BPO …

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Enforement Of Lockdown Rules

Parliament questions City of Cape Town on enforcement of lockdown rules Cape Town – Parliament is seeking answers from the City of Cape Town over the measures it has put in place to enforce social distancing and lockdown regulations in communities experiencing high Covid-19 infection rates. On Thursday evening deputy mayor Ian Neilson briefed the …

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