Workers should not be paid less than the set minimum wage
The Department of Labour says all workers who do not fall under the farm/forestry, domestic sectors, Extended Public Works Programme (EPWP) and learnerships should not be paid less than the set R20 minimum wage per hour. The department’s Director: Employment Standards, Stephen Rathai, reminded workers in Upington in Northern... Read more
May the best furniture win
Tshwane University of Technology (TUT) industrial design student Merliska Meerman will use her “Rhino” design concept as a solution to filling the gap currently existing in the South African manufacturing sector for children’s furniture. The 21-year-old will vie for the coveted title of producing the best furniture design concept... Read more
ANC recalls President Zuma
The African National Congress (ANC) has announced that the National Executive Committee (NEC) has decided to recall President Jacob Zuma from Office. The governing party’s Secretary General Ace Magashule made the official announcement a short while ago. “The NEC decided to recall its deployee comrade President Jacob Zuma in... Read more
Bank of Baroda to withdraw from SA
The Reserve Bank has received notification from the Bank of Baroda of its exit from South Africa. The Indian state-owned international banking and financial services company notified the Office of the Registrar of Banks of its exit from South Africa. “The Registrar, which is part of the South African... Read more
Efforts underway to declare drought a national disaster
Cooperative Governance and Traditional Affairs Minister Des Van Rooyen says efforts are underway to classify the drought as a national disaster. This would assign new responsibilities to the Minister of Water and Sanitation to issue regulations and directives in dealing with the drought. The Minister said this when he... Read more
Dti supports emerging miners
The Department of Trade and Industry (dti) has lent its support to 11 of the country’s emerging miners, who will showcase their products at the Investing in African Mining Indaba that gets underway in Cape Town today. The 11 Small, Medium and Micro Enterprises (SMMEs), which hail from various... Read more
Petrol price drops on Wednesday
Motorists can expect to pay 30 cents less for petrol, while diesel will be 17 cents cheaper per litre, at the pumps from Wednesday. Illuminating paraffin is also down by 19 cents, while LP gas will trade at 23 cents less per kilogram, Department of Energy announced on Sunday.... Read more
Rental fleet sales hold back new car market
South Africa’s new vehicle industry had a less-than-ideal start to the year, with an 8.9% year-on-year decline in new vehicle sales. A total of 45 888 new vehicles were sold in January 2018, compared with 50 386 units in the same period last year. However, this decline in sales attributed almost... Read more
Treasury slams “reckless” Viceroy report
National Treasury has condemned US research company Viceroy’s “reckless” report into Capitec bank. “The National Treasury notes the reckless manner in which Viceroy, a US-based trader/research firm, released its report on Capitec bank earlier in the week. Viceroy is not regulated in South Africa, and by its own admission,... Read more
Kganyago named Central Bank Governor of the year
President Jacob Zuma has congratulated the governor of the South African Reserve Bank, Lesetja Kganyago, for winning the Central Banking Governor of the year 2018 award. The award celebrates the officials that have best managed to stimulate growth and stabilise their economy. In announcing the award on Wednesday, Central... Read more