It's back to school as 2,000 people recover from Covid-19; SA tax collection nightmare; Govt to rescue Land Bank
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In today's news headlines:
* The Health Minister Dr Zweli Mkhize announces that 2,000 people have recovered from the Covid-19 virus and about 90 people of the 2,800 people have died. And the Education department has unveiled the details of the phased return of pupils to schools from next week;
* The Covid-19 pandemic has derailed the implementation of an Africa-wide free-trade agreement from July 1;
* Covid-19 will wipe more than 30% off tax collections. That, and financing some of the stimulus package, will increase the shortfall on the national budget and increase borrowing requirements, says Minister of Finance Tito Mboweni; and
* Finance Minister Tito Mboweni said the government would “do whatever it takes” to ensure the survival of the the government’s Land & Agricultural Development Bank, the biggest lender to South African farmers, as it struggles to meet it debts.
* The Health Minister Dr Zweli Mkhize announces that 2,000 people have recovered from the Covid-19 virus and about 90 people of the 2,800 people have died. And the Education department has unveiled the details of the phased return of pupils to schools from next week;
* The Covid-19 pandemic has derailed the implementation of an Africa-wide free-trade agreement from July 1;
* Covid-19 will wipe more than 30% off tax collections. That, and financing some of the stimulus package, will increase the shortfall on the national budget and increase borrowing requirements, says Minister of Finance Tito Mboweni; and
* Finance Minister Tito Mboweni said the government would “do whatever it takes” to ensure the survival of the the government’s Land & Agricultural Development Bank, the biggest lender to South African farmers, as it struggles to meet it debts.
