Category: BUSINESS
Eskom 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
Read MorePolitical turmoil clouds SA’s economic outlook: Economist – SABC News
Economist says recent developments around the government of national unity have cast a cloud on the country’s economic future. On Wednesday, the Democratic Alliance (DA) voted against the 2025 fiscal
Read MoreSA launches R440bn transmission plan, eyes private sector funding – SABC News
South Africa has adopted an investment roadmap to fund the expansion and modernisation of its transmission infrastructure. Government aims to tap into the private sector’s resources to raise R440 billion
Read MoreSARS forges ahead with 0.5% VAT hike despite DA legal challenge – SABC News
The South African Revenue Services (SARS) says it has made provisions to go ahead with the 0.5% VAT increase on May 1 despite receiving court papers about Democratic Alliance (DA) plans
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