Right here’s what is occurring in and affecting South Africa right now:
Coronavirus: International infections have hit virtually 14.5 million circumstances, with a dying toll of 606,000 folks. In South Africa, the nation has seen an extra 9,300 infections, with the overall to-date at 373,628. The variety of deaths has risen to five,173, whereas recoveries have climbed to 194,865. This leaves a stability of 173,950 lively circumstances.
- Unaffordable: Authorities says that giving public sector employees inflation-based in creases (earlier than inflation dropped to report lows) could be unaffordable and unjust throughout the time Covid-19, because it fights unions in courtroom over the suspension of the wage settlement which might have seen wages improve by 4.4% since April. Unions are taking the matter up in courtroom saying that the will increase have been written into contracts and are thus owed. Authorities says it merely doesn’t have the cash. [Reuters]
- No-tels: South Africa’s lodge trade collapsed in April and Might 2020, with occupancies dropping to almost zero, and the sector dropping R3.eight billion because of the nationwide lockdown. The sector has successfully been shut down fully for the reason that nationwide state of catastrophe was declared, solely allowed to just accept enterprise travellers since June. The sector continues to lose over R750 million a day, because it stays closed to leisure travellers. [Moneyweb]
- Waste of time: Schooling unions have accused minister Angie Motshekga of losing their time, by organising a process to staff to request proposals from them for why colleges ought to be shut down – after unions had already given these proposals to her the day earlier than. The pointless forwards and backwards is prolonging the method, with the duty staff now having to evaluate the proposals, report again to the minister, who will then take it to cupboard. In the meantime, Covid infections in South Africa proceed to quickly climb – together with in colleges. [TimesLive]
- Double blow: The alcohol trade has already suffered a blow from the latest reintroduction of the gross sales ban – however now it might be hit a second time, having to pay R5 billion in excise duties on alcohol produced earlier than the ban got here into impact with out warning. Alcohol producers are pleading with authorities to defer the funds, that are due in June and August, with the trade already crippled by the ban. 
- Markets: South Africa’s rand edged up in subdued buying and selling on Monday as a world surge in coronavirus infections put the brakes on demand spurred by hopes that the European Union would agree on a restoration fund to rescue the worst hit members of the union. Domestically, constructive circumstances approached the 340,000, with almost 5,000 deaths. Buyers demand for yield has been restrained by the upcoming lending charges determination on Thursday. On Tuesday the rand was at R16.62 to the greenback, R21.04 to the pound and R19.00 to the euro, Commentary by Reuters. [XE]