Flash Briefing: SA tourism lost R164bn in 2020; BUSA warns against basic grant; SA's first primary surplus since 2018
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News headlines:
*South Africa can’t afford to implement a basic income grant, South Africa’s biggest business organisation said, wading into an argument that has divided the ANC.
*South Africa recorded its first quarterly primary budget surplus since 2018 in the three months through June, a sign that the National Treasury’s efforts to bring spending in line with revenue are succeeding.
*New data shows how South Africa’s tourism industry was completely hammered by lockdown in 2020, losing approximately R164 billion in tourism spending and around 1 million jobs tied to the industry. Learn more about your ad choices. Visit megaphone.fm/adchoices
*South Africa can’t afford to implement a basic income grant, South Africa’s biggest business organisation said, wading into an argument that has divided the ANC.
*South Africa recorded its first quarterly primary budget surplus since 2018 in the three months through June, a sign that the National Treasury’s efforts to bring spending in line with revenue are succeeding.
*New data shows how South Africa’s tourism industry was completely hammered by lockdown in 2020, losing approximately R164 billion in tourism spending and around 1 million jobs tied to the industry. Learn more about your ad choices. Visit megaphone.fm/adchoices
