Illegal financial institutions mushrooming in the country
South Africa is experiencing a proliferation of illegal financial institutions, which have attracted the attention of authorities. The South African Reserve Bank’s... Read more.
‘Chinese classify themselves as SA firms to score construction tenders’
The National Union of Mineworkers (NUM) has raised concerns that Chinese constructors classified themselves as South African companies when competing for lucrative... Read more.
Suspension of official linked to R11.2m missing NUM funds lifted
The National Union of Mineworkers (NUM) has lifted the suspension of a high-ranking Mpumalanga official implicated in the missing construction and mine workers union... Read more.
New state petroleum firm aims to empower marginalised groups
The chief executive officer of the newly launched state-owned South African National Petroleum Company (SANPC), Godfrey Moagi, says the company will have to develop... Read more.
‘Lower interest rates may boost economic growth’ – Minister Godongwana
Finance Minister Enoch Godongwana has stated that lower inflation and interest rates were some of the factors that have a potential to drive the country’s economic... Read more.
Service delivery hard hit as state spends R1.2bn day servicing debt
Finance Minister Enoch Godongwana has revealed that the government is spending a whopping R1.2-billion a day to service debt, adding that this was impacting negatively... Read more.
PICS | NPA to appeal Timothy Omotoso rape acquittal despite departure from South Africa
Despite the departure of Nigerian televangelist pastor Timothy Omotoso from South Africa, the National Prosecuting Authority (NPA) said it will proceed with its... Read more.
Economists make case for up to 200 basis points interest rates cut
Economists have cautioned that government’s plan to lower inflation targeting would result in consumer paying high interest rates on credit for longer periods. ... Read more.
Union questions legality of R381m Ters payment to Post Office
A union representing workers of the cash-strapped Post Office has slammed government’s decision to pay their salaries through the department of labour’s Temporary... Read more.
Western Cape High Court confirms no VAT hike from May 1
The Western Cape High Court has confirmed that there will be no value-added tax increase from May 1. The court order, which was issued on Sunday, resulted in the... Read more.
