Category: BUSINESS
New PayInc Economic Index rises, signaling economic uptick in August – SABC News
The newly revamped PayInc Economic Index increased in August, signaling an uptick in economic activity. This index replaces the BETIBankservAfrica Economic Transactions Index and is now the primary tool for
Read MoreE-hailing service officially recognised as legal public transport – SABC News
The Department of Transport has gazetted the National Land Transport Amendment Act (NLTAA). This means that e-hailing services like Uber and Bolt are now officially recognised as legal forms of
Read MoreFitch affirms SA’s credit rating at BB- with stable outlook – SABC News
Rating agency Fitch has affirmed South Africa’s credit rating at the current sub-investment grade of double-B-minus (BB-) with a stable outlook. According to Fitch, South Africa’s credit rating is constrained
Read MoreSA citrus industry eyes Saudi market amid US tariff hurdles – SABC News
South Africa’s citrus industry is exploring new markets in Saudi Arabia as exporters navigate tariff challenges in the US market. The Citrus Growers Association of Southern Africa says a recent
Read MoreSARS targets new generation of taxpayers – influencers, gig workers – SABC News
The South African Revenue Service is intensifying its efforts to ensure tax compliance among a new generation of taxpayers: social media influencers and those in the gig economy. The revenue
Read MoreTravis Scott’s Circus Maximus Tour set down for FNB Stadium – SABC News
Global hip-hop star Travis Scott is officially bringing his Circus Maximus Tour to South Africa, with a major stop at FNB Stadium in Johannesburg on October 11. The Grammy-nominated rapper
Read MoreMexico to raise tariffs on cars from China to 50% in major overhaul – SABC News
Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect
Read MoreWalmart to open first branded stores in SA later this year – SABC News
US retail giant, Walmart, has announced that it plans to open its first branded stores in South Africa later this year. Their stores will offer fresh groceries, household essentials, clothing
Read MoreSA’s growing manufacturing job crisis needs attention: Saftu – SABC News
The South African Federation of Trade Unions (Saftu) has called for a meeting with government ministers saying it wants them to address the unfolding unemployment crisis in the manufacturing sector.
Read MoreInvestment remains depressed affecting economic growth: Stats SA – SABC News
Data released by Statistics SA (Stats SA) shows that investment in the country remains depressed while negatively affecting economic growth. The latest gross domestic product (GDP) number indicates that the
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