Category: BUSINESS
Dollar frail as traders look for safe havens on tariff turmoil – SABC News
The safe havens yen and Swiss franc held near six-month highs on Tuesday while the US dollar nursed broad losses as financial markets grappled with mounting recession worries in the
Read MoreRand weakens further amid ongoing financial market selloff – SABC News
The rand has continued to weaken further against major currencies amid an ongoing selloff in the financial markets triggered by the US tariffs. The currency fell sharply against the US
Read MoreParly trade committee conducts oversight visit to SABS headquarters – SABC News
Parliament’s Portfolio Committee on Trade, Industry and Competition is visiting the South African Bureau of Standards (SABS) headquarters in Pretoria, as part of their oversight work. Minister Parks Tau has
Read MoreEskom ramps up diesel generators to keep up with high power demand – SABC News
Eskom says the national grid is strained by high demand and inclement weather set to continue until Wednesday. The latest data from Eskom shows the power utility ramped up its
Read MoreVAT hike not final, alternatives being explored: Ramaphosa – SABC News
African National Congress (ANC) President Cyril Ramaphosa says the Value-Added Tax (VAT) increase decision is not final, as the National Treasury has about 30 days to find possible alternative options
Read MoreRamaphosa slams business for meddling in ANC-DA fallout – SABC News
African National Congress (ANC) President Cyril Ramaphosa has hit out at the business fraternity for what he says was trying to dictate political terms in the fallout between the ANC
Read MoreSARB marks CODI’s first year protecting depositors – SABC News
The Reserve Bank has been celebrating the first anniversary of the Corporation for Deposit Insurance (CODI). Established in April last year, CODI seeks to ensure that part, if not all
Read MoreFDC cracks down on Free State rent, business loan defaulters
The Free State Development Corporation (FDC) is cracking down on rent and business loan defaulters. FDC’s Acting CEO, Kgotso Tau says they are taking tough action to ensure that what
Read MoreSteenhuisen warns US tariffs threaten SA agriculture jobs – SABC News
Democratic Alliance (DA) leader John Steenhuisen has warned that the 31% tariffs imposed on South Africa by the US pose challenges for the Agriculture Industry and could jeopardise thousands of
Read MorePension Fund Act breached in over four Northern Cape Municipalities – SABC News
Over four municipalities in the Northern Cape are contravening Section 13A of the Pension Fund Act 24 of 1956 by withholding third-party payments to various municipal pension funds. MEC of
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