Dti puts the work in workplace with epic enterprise challenge
Trade and Industry Minister, Dr Rob Davies, is expected to launch the 20th anniversary of the Workplace Challenge (WPC) next week. The WPC is a two-year programme implemented amongst South African enterprises to improve their productivity and ensure sustainability of jobs. Accompanied by the Chief Executive Officer (CEO) of... Read more
Treasury to assist state-owned companies turn the corner
National Treasury will assist state-owned companies (SOCs) develop and implement robust turnaround strategies, Finance Minister Malusi Gigaba said on Wednesday. Tabling the 2018 national Budget in the National Assembly on Wednesday, Minister Gigaba said government recognises that the business models of some SOCs are unsustainable and that their capital... Read more
Higher growth projected for SA economy
With an improved economic outlook, South Africa’s Gross Domestic Product (GDP) is projected to come in at 1% in 2018, up from the 0.7% projected last year, Finance Minister Malusi Gigaba said on Wednesday. “The 2017 GDP growth projection has been revised upward to 1%, which is higher than... Read more
Minister Gigaba delivers 2018 Budget amid tough climate
Finance Minister Malusi Gigaba’s Budget Speech has seen him make “difficult decisions” to address a revenue shortfall and to fund free higher education. An increase in value-added tax (VAT), fuel levy and a higher estate duty tax are just some of the things South Africans will be faced with... Read more
Vulekamali portal makes Budget more accessible
The Vulekamali portal, launched by Finance Minister Malusi Gigaba on Tuesday, will make information on the Budget more accessible to ordinary South Africans. The online portal presents information in a simplified format and shows members of the public how public resources are generated and used. The Minister launched the... Read more
SARS welcomes Presidential tax inquiry
The South African Revenue Service (SARS) has welcomed President Cyril Ramaphosa’s announcement of an inquiry into tax administration and governance at the revenue service. “The South African Revenue Service welcomes President Ramaphosa’s State of the Nation pledge to launch a Commission of Inquiry into tax administration and governance at... Read more
South African millennials key to enforcing King IV
The eyes of the world are again fixed on South Africa, as the country finds itself at a turning point in its democratic history. From state capture to large-scale corporate wrongdoing, 2018 will hopefully see the South African business society experience an age of ethical enlightenment, or run the... Read more
SARB imposes administrative sanctions on China Construction Bank
The Reserve Bank has imposed administrative sanctions on the China Construction Bank (CCB) Corporation, Johannesburg branch, for non-compliance with the Financial Intelligence Centre Act. “The South African Reserve Bank (SARB) has imposed administrative sanctions on China Construction Bank Corporation, Johannesburg Branch (CCB), for non-compliance with the Financial Intelligence Centre... 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
Fuel price set to increase in August
The price of petrol is expected to increase by 19 cents a litre from Wednesday, the Department of Energy announced. In a statement issued on Friday, the department said the main reasons for the petrol increase was the slight decline in the rand against the US Dollar Exchange rate... Read more