Strike; Cosatu & business urge govt to fix economy; lockdown protest; interest rate forecast

Posted on 10/08/2020
| 258 views

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;
* 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.