Flash Briefing: Eskom's bloated labour force wants 10% pay rise; tighter Covid-19 restrictions for Easter?
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* The biggest union at South Africa’s loss-making power utility Eskom is considering demanding pay increases of as much as 10% ahead of negotiations scheduled next month.
* South Africa’s central bank held its benchmark interest rate for a fourth straight meeting, with its projection model showing it could hike after the monetary policy committee’s next deliberation in May.
* The chairman of South Africa’s Ministerial Advisory Committee on Covid-19 Professor Salim Abdool Karim has stepped down amid speculation that tighter restrictions loom over Easter - and as the government is criticised for the slow delivery of vaccine roll-out.
* South Africa's most successful female financial services entrepreneur Sygnia founder and co-CEO Magda Wierzycka is handing over the reins to joint CEO David Hufton on 1 June 2021.
* The world's economic engine room - the US - is showing signs of recovering faster-than-expected from Covid-19 containment measures. Economists surveyed by BizNews partner The Wall Street Journal this month raised their average forecast for 2021 economic growth to 5.95%, measured from the fourth quarter of last year to the same period this year, from a 4.87% projection in February’s survey. Learn more about your ad choices. Visit megaphone.fm/adchoices
* South Africa’s central bank held its benchmark interest rate for a fourth straight meeting, with its projection model showing it could hike after the monetary policy committee’s next deliberation in May.
* The chairman of South Africa’s Ministerial Advisory Committee on Covid-19 Professor Salim Abdool Karim has stepped down amid speculation that tighter restrictions loom over Easter - and as the government is criticised for the slow delivery of vaccine roll-out.
* South Africa's most successful female financial services entrepreneur Sygnia founder and co-CEO Magda Wierzycka is handing over the reins to joint CEO David Hufton on 1 June 2021.
* The world's economic engine room - the US - is showing signs of recovering faster-than-expected from Covid-19 containment measures. Economists surveyed by BizNews partner The Wall Street Journal this month raised their average forecast for 2021 economic growth to 5.95%, measured from the fourth quarter of last year to the same period this year, from a 4.87% projection in February’s survey. Learn more about your ad choices. Visit megaphone.fm/adchoices
