Category: BUSINESS
Economists maintain Treasury can’t afford SRD grant – SABC News
Economists maintain that the Treasury cannot afford the Social Relief of Distress (SRD) grant on the current tax base. They argue that the economy is not growing fast enough to
Read MoreSpaza shops warned against unlawful card payment surcharges: NCC
The National Consumer Commission (NCC) has cautioned spaza shop owners against adding hidden charges when customers use cards to pay. There is growing concern over illegal swipe fees and minimum-spend
Read MoreOil hits one-week low as investors shrug off US sanctions on Iran – SABC News
Oil prices fell to a one-week low on Tuesday as traders shrugged off the latest United States (US) sanctions threat against Iran, viewing economic pressure as posing less risk to
Read MoreSABC, Chinese broadcaster JSBC enter into MOU
The South African Broadcasting Corporation (SABC) has entered a Memorandum of Understanding (MOU) with a Chinese media house, Jiangsu Broadcasting Corporation (JSBC) to strengthen broadcasting cooperation and promote cultural exchange
Read MoreRand holds near multi-month high as Iran sanctions loom
The South African rand opened the week on a firm footing on Monday, hovering near its strongest level since the start of the Iran war, as a subdued dollar, higher
Read MoreOil falls as US prepares to unveil new Iran sanctions – SABC News
Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further
Read MoreInfrastructure symposium seeks to close SA’s R1 trillion funding gap – SABC News
South Africa has an infrastructure gap of more than R1 trillion, which it needs to fund major infrastructure projects in the country. Infrastructure South Africa revealed this at this year’s
Read MoreCity of Tshwane denies R2 billion shortfall for employee costs
The City of Tshwane has rejected claims that its 2026/27 budget faces a R2 billion shortfall for employee-related costs. According to the city, the figure reflects the difference between an
Read MoreEskom confirms City Power settles R5.25bln electricity debt in full – SABC News
Eskom has confirmed that City Power has settled its electricity debt of more than R5.25 billion in full. The settlement comes after intervention and a mediation process under the auspices
Read MoreNUM members at Venetia want GM to resign over retrenchment notices
Members of labour union, National Union of Mineworkers (NUM) are calling for the resignation of Venetia diamond mine’s general manager Ntokozo Ngema. The call was made during a march to
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