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Eskom says it needs to hike tariffs by 25% to pay off its debts – but it will settle for a 10% increase for now; Mkhize says the Covid storm has passed; more public servants have been flagged doing business with the state this year than last year; and labour minister Thulas Nxesi is on the warpath over UIF fraud.
The increased financial pressure caused by the lockdown is seen in South Africa’s weak tax revenue growth, with the government facing a tax revenue implosion, says Russell Lamberti founder of investment advisory firm ETM Macro Advisors and member of Panda.
Transport minister Fikile Mbalula has published a new directive which provides further clarity around the country’s driving regulations in line with the move to the level 2 lockdown.