Flash Briefing: Strike; Cosatu & business urge govt to fix economy; lockdown protest; interest rate forecast
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In today's news headlines:
* South Africa’s biggest trade union group, COSATU, urged members to stay away from work on Wednesday to protest about job losses, wage curbs and corruption cases;
* Sentiment in South Africa’s services sector bounced back from an all-time low in the third quarter but remains weak even as restrictions to curb the spread of the coronavirus pandemic were gradually eased;
* Scientists of global standing have come together to create The Great Barrington Declaration - and have the support of some prominent South Africans;
* Consumer inflation is likely to remain within the target range of between 3% and 6%, allowing the SA Reserve Bank to keep an “accommodative” rate stance for at least the next two years, deputy governor Fundi Tshazibana; and
* Supermarket chain Pick n Pay said on Wednesday first-half profit is expected to fall as much as 60% due to trading restrictions arising from the Covid-19 pandemic and once-off costs. Learn more about your ad choices. Visit megaphone.fm/adchoices
* South Africa’s biggest trade union group, COSATU, urged members to stay away from work on Wednesday to protest about job losses, wage curbs and corruption cases;
* Sentiment in South Africa’s services sector bounced back from an all-time low in the third quarter but remains weak even as restrictions to curb the spread of the coronavirus pandemic were gradually eased;
* Scientists of global standing have come together to create The Great Barrington Declaration - and have the support of some prominent South Africans;
* Consumer inflation is likely to remain within the target range of between 3% and 6%, allowing the SA Reserve Bank to keep an “accommodative” rate stance for at least the next two years, deputy governor Fundi Tshazibana; and
* Supermarket chain Pick n Pay said on Wednesday first-half profit is expected to fall as much as 60% due to trading restrictions arising from the Covid-19 pandemic and once-off costs. Learn more about your ad choices. Visit megaphone.fm/adchoices
