Lameez Omarjee
Fin24
South Africa
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Past articles by Lameez:
Vehicle dealerships gear up for spike in used-car sales
The market for used cars are likely to pick up, this as a depreciating rand will impact the value of imported vehicles. → Read More
Reserve Bank bought R10.2 billion worth of govt bonds in May
The bank says its bond buying programme is aimed at correcting "dysfunction" in financial markets brought about by the Covid-19 pandemic. → Read More
Gordhan: Coronavirus delayed work on Eskom debt solution
Finding a solution for Eskom's R450 billion debt will be prioritised once issues surrounding the Covid-19 crisis settle, Public Enterprises Minister Pravin Gordhan has said. → Read More
State requests more time to defend cigarette ban in court
The government is feeling the pressure of having to defend two separate cases relating to its ban on the sale of cigarettes and tobacco products. → Read More
'We will have to live with this Covid-19': Experts weigh in on SA's post-virus economy
We must learn to manage the SA economy, within the context of the Covid-19 challenge, says Reserve Bank Governor Lesetja Kganyago. → Read More
Avis Budget Rent-a-Car retrenchment consultations to impact nearly half of employees
A total of 978 employees of Avis Budget Rent-a-Car, part of Barloworld Group, will be affected by retrenchment consultations, according to an internal memo seen by Fin24. → Read More
SA new vehicle sales still in the doldrums despite small improvement
The National Automobile Association of South Africa says SA's motor industry continues to face 'unchartered conditions'. → Read More
Treasury now estimates nearly 1.8 million job losses
Treasury had initially indicated that between three million and seven million job losses are expected, which would have seen unemployment levels balloon to nearly 50%. → Read More
'We are all trained in hygiene': Hairdressers strike back at lockdown rules
Government has said it is working on resolving issues of social distancing before hair salon owners will be able to resume services under lockdown Level 3. → Read More
Competition watchdog issues over R13m in fines for unfair price hikes during pandemic
As many as 30 firms are concluding settlement agreements after admitting that they implemented price hikes unfairly during the coronavirus pandemic. → Read More
Coronavirus: Employees can refuse to return to work if they feel unsafe – labour minister
Employers must make sure that all employees wear masks in the workplace, each employee must be given two free masks - and a Covid-19 compliance officer must be hired. → Read More
D-Day looms for SA Express unless last-minute 'miracle' saves it, MPs hear
A final liquidation order for the state-owned regional airline will be handed down on June 9 unless it receives a cash injection. → Read More
Hairdressers, beauty services and tattoo parlours to remain shut under Level 3
The country will transition to level 3 of the nationwide lockdown next month. → Read More
Struggling SAA can be saved but more money is needed, say business rescue practitioners
There is still a reasonable prospect of "rescuing" SAA if the money to do so is provided, the airline's business rescue practitioners say in a letter to affected parties. → Read More
Eskom could make a R16bn loss in 2020, MPs hear
The power utility could record a loss of R16 billion for the 2020 financial year, said Acting Director General of the Department of Public Enterprises Kgathatso Tlhakudi. → Read More
Struggling state diamond miner Alexkor may run out of money next month
Alexkor is not operating as a going concern and could see its remaining cash reserves depleted by June, the department of public enterprises has warned. → Read More
Kieswetter: Coronavirus is a chance to reimagine SA economy, address past injustices
SARS Commissioner Edward Kieswetter said that as the country gears to reopen the economy, we cannot go back to the unequal status of society before lockdown. → Read More
Mboweni's stimulus package dismissed as 'relief' measure in Parliament
With SA facing its deepest crisis since the 1930s, much faith has been placed in almost R1trn in interventions by National Treasury and the Reserve Bank. But in Parliament, the state's fiscal and monetary response to Covid-19 was dismissed as a 'relief' measure, not a stimulus package. → Read More
Rand strengthens thanks to lockdown easing globally
The rand, which was seen heading past R20 to the US dollar, has strengthened in recent weeks as the world's leading economies ease lockdown restrictions. → Read More
Reserve Bank running out of space to keep lowering interest rates – Kganyago
The SA Reserve Bank was has slashed the repo rate by 275 basis points this year. → Read More