Delegates at the G20 Finance and Central Bank Deputies meeting, December 12, 2024. 1 minute National Treasury and the Reserve Bank will jointly host a two-day technical meeting under the Group of 20 Finance Track. The Framework Working Group meeting will take place virtually starting today. Participants will mainly include officials from finance ministries and…
Person holds SA money 1 minute Public sector wage negotiations have resumed with a new wage increase offer of 5% percent from government. Workers are engaged in negotiations at the Public Service Co-ordinating Bargaining Council ahead of the 2025/26 financial year. The workers’ demands have been revised down several times, from an initial 12% to…
Person transacts with a card machine 1 minute The National Financial Ombud Scheme has asked bank card users to be vigilant as fraudsters may try to use the tap-and-go function on cards and phones to make unauthorized transactions. This as the Scheme has sent out a warning following a spike in fraudulent transactions due to…
ANC supporters carrying the party’s flags 3 minutes While the African National Congress (ANC)’s economic policies have gone some way to transform the local economy, more still need to be done to pull many out of poverty. That’s according to Dr Levy Ndou of the Tshwane University of Technology, speaking to SABC News. Ndou says…
Bread slices 2 minutes Disgruntled employees of Albany in Virginia in the Free State are demanding their jobs back after they did not re-apply for their jobs as required by the end of December last year. The workers whose service ranges from 10 to 25 years claim poor communication from labour brokers which led to…
A worker counts money. 1 minute Public sector labour unions are seeking a fresh mandate from the members after the government tabled a revised wage offer of 5%, up from the previous offer of 4.7% at the Public Sector Coordinating Bargaining Council. The Medium-Term Budget Policy Statement tabled last year made a provision for a…
A computer screen with an article on unemployment 1 minute The Department of Employment and Labour says it is committed to decreasing the unemployment rate of young people to 27% by 2030. Through its Labour Activation Programme, the department has pledged R650 million to the private sector and other partners. One of the projects, Green…
The Standard Chartered logo is seen at the bank’s headquarters. 2 minutes Zambia’s Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company’s bonds to one of the bank’s local wealth clients at the height of the Asian country’s real-estate crisis, according to a source. The source familiar with the…
1 minute The South African Municipal Workers’ Union (SAMWU) says the Pension Funds Adjudicator complaint process is very tedious for municipal workers whose pension fund contributions are not paid over by municipalities. According to SAMWU general secretary Dumisane Magagula, individual employees will have to lodge a complaint with the adjudicator about the Municipalities’ failure to…
1 minute South African Municipal Workers Union (SAMWU) says the time given by the National Treasury for municipalities to make outstanding contributions to pension funds is not enough. This follows Treasury’s decision to hold municipal managers accountable for failing to comply with statutory obligations regarding workers’ deductions to their pension funds. National Treasury gave a…
