Category: BUSINESS
Cosatu concerned about rising municipal debt – SABC News
The Congress of South African Trade Unions (Cosatu) says it is concerned by the rising municipal debt as it will affect basic services. This is after National Treasury issued a
Read MoreHigh-income earners excluded from labour protection laws – SABC News
Employees who earn above a certain amount annually will no longer be covered by South Africa’s labour legislation, effective from Tuesday. According to a notice published in the Government Gazette,
Read MoreEnvironment Dept urges rural communities to start businesses – SABC News
The Forestry, Fisheries and Environment Department has appealed to communities in rural areas to set up small businesses to reduce unemployment. It has cited businesses such as disposing of electronic
Read MoreANC confident budget will pass despite opposition – SABC News
The ANC is confident that an agreement will be reached with other political parties to allow for the budget to be approved in Parliament. The ANC briefed the media on
Read MoreParliament Committee split over small business challenges in Limpopo – SABC News
Members of the Parliament Portfolio Committee on small business have expressed mixed reactions over the challenges faced by small businesses. This comes as the committee was wrapping up its week-long
Read MoreMunicipalities owe creditors R128 billion – SABC News
The total amount owed by municipalities to creditors has increased by over R20 billion. The total amount owed by municipalities to creditors has been reported at R128 billion. This is
Read MoreMunicipalities underspend on infrastructure in 2024/5: Treasury – SABC News
National Treasury’s Q2 report for 2024/25 reveals that municipalities underspent on conditional grants and capital projects. These funds were meant for infrastructure development and emergency disaster repairs. The grants were
Read MoreACSA Board orders forensic probe into procurement irregularities – SABC News
The Board of the Airports Company South Africa (ACSA) has launched a forensic investigation into alleged procurement irregularities. An independent firm will be appointed to conduct the probe, while the
Read MoreDollar slips as traders wait on tariff clarity – SABC News
The dollar weakened on Friday ahead of a planned announcement next week by US President Donald Trump on reciprocal tariffs, which has left traders uncertain of how to trade the
Read MoreSARS Chief reveals an estimated R800 billion in uncollected taxes – SABC News
SARS Commissioner Edward Kieswetter has told Parliament that an estimated R800 billion in tax remains uncollected. SARS, together with the National Treasury, was responding to submissions received by the Standing
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