Category: BUSINESS
IFP leader clarifies party’s stance on VAT increase – SABC News
Inkatha Freedom Party (IFP) leader Velenkosini Hlabisa has clarified the party’s acceptance of the half percentage point VAT increase proposed in Finance Minister Enoch Godongwana’s budget speech. Parliament is yet
Read MoreMinister warns of rail, port challenges due to funding shortages – SABC News
Transport Minister Barbara Creecy says the country’s rail and port infrastructure faces substantial challenges such as theft and vandalism and operational inefficiencies. She says these are exacerbated by the limited
Read MoreBeijing hosts foreign CEOs at forum in bid to attract investment – SABC News
Beijing hosted a business forum on Sunday attended by international executives and politicians as China seeks to attract foreign investment at a time of heightened geopolitical tensions. China’s policymakers are
Read MoreMalatsi defends decision to withdraw SABC Funding Bill – SABC News
Communications and Digital Technologies Minister Solly Malatsi has defended his decision to withdraw the SABC Funding Bill, saying all required processes of parliament were followed. The bill suggests a delayed
Read MoreStriking staff urged to keep Mpumalanga tourist sites operational – SABC News
The Mpumalanga Department of Economic Development and Tourism has called on employees of the Mpumalanga Tourism and Parks Agency who are on strike not to disrupt operations at tourist sites.
Read MoreGovt. should consider wealth tax instead of increasing VAT: Malema – SABC News
EFF leader Julius Malema says that government should consider a wealth tax instead of increasing Value Added Tax. Parliament is set to vote for the budget next month, after it
Read MoreINFOGRAPHIC: Eskom struggles to keep up with peak demand – SABC News
Eskom implemented Stage 2 loadshedding on Wednesday evening after announcing that the power utility had lost five generating units. The latest data from Eskom shows that the power utility struggled
Read MoreNAFCOC believes registration won’t stop rapid increase in spaza shops – SABC News
The National African Federated Chamber of Commerce and Industry (NAFCOC)’s President Glibert Mosena says government’s registration drive is not the solution for rapid increase of spaza shops in the country.
Read MoreEnergy expert warns South Africans of risk of further load shedding – SABC News
Energy Expert Ruse Moleshe has warned citizens that the risk of rolling blackouts still remains. This follows Eskom implementing stage two load shedding on Wednesday that was suspended at 5am
Read MoreRepo rate remains unchanged at 7.5% – SABC News
The South African Reserve Bank has kept the repo rate unchanged at 7.5%. The prime lending rate remains at 11%. Central bank governor Lesetja Kganyago says inflation has edged slightly
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