Delegates at the G20 Finance and Central Bank Deputies meeting. 3 minutes The G20 Finance and Central Bank Deputies meeting has wrapped up in Johannesburg. Finance Minister Enoch Godongwana says amongst issues that South Africa will be pushing for during its presidency are high public debt and the cost of capital hindering development in many…
The inside view of a spaza shop on Alexandra Road in Pietermaritzburg in KwaZulu-Natal during a joint compliance visit and inspection by Fidelity ADT and the SAPS on 14 November 2024. 2 minutes About 64 spaza shops have been closed in Limpopo for non-compliance since the national registration drive was announced last month. So far,…
Payment using a card machine 1 minute Reserve Bank Governor Lesetja Kganyago says improving cross-border payments and fast payment systems will be a central focus during South Africa’s G20 presidency. Kganyago has stressed that these improvements are important in achieving greater financial inclusion and broader economic development. The Central Bank Governor delivered the opening remarks…
File image: Eskom technicians repairing a blown transformer. 1 minute Eskom technicians are attending to a tripped transformer that has disrupted the power supply to 15 mines in Carletonville, Fochville and Potchefstroom. The power supply cut-off has also affected residential areas. The Power utility says its staff is working to restore the power. Eskom Gauteng…
JMPD conduct inspections on spaza shops in the Johannesburg CBD on December 8, 2024. 1 minute Co-operative Governance and Traditional Affairs (COGTA) Minister Velenkosini Hlabisa says that the deadline for the registration of spaza shops, as President Cyril Ramaphosa has directed, will expire next week Tuesday and not tomorrow. This comes as small businesses express…
A man stands with a ‘hire me’ placard. 2 minutes Data from Statistics South Africa shows that total employment in the formal sector declined by 133 000 or 1.2% in the third quarter, compared to the second quarter of this year. The Quarterly Employment Statistics recorded formal job numbers at 10.6 million from 10.7 million. The…
Chinese Ambassador to South Africa, Wu Pang 4 minutes There have been renewed commitments from Chinese companies operating in South Africa to comply with the country’s labour laws and corporate social responsibilities. South Africa hosts the launch of the corporate social responsibility report of Chinese-funded enterprises in South Africa. The report looks at Chinese companies’…
Hand flipping wooden cube block to change between up and down with percentage sign symbol for increase and decrease financial interest rate 2 minutes Independent Economist Elize Kruger says the Consumer Price Inflation (CPI) index surpassed analysts’ expectations in November. This is as data released by Stats SA shows that inflation increased by 2.9% in…
Two gold pots with gold coins in them illustrating the two-pot retirement system. 1 minute Finance Minister Enoch Godongwana has confirmed that about 7 770 employers have defaulted on paying their pension fund contributions as of December 2023. The Minister says this failure had a negative impact on the implementation of the payment of the…
Gauteng Finance and Economic Development MEC Lebogang Maile 1 minute Gauteng Finance and Economic Development MEC Lebogang Maile says of the more than 13 600 registration forms issued to spaza shops, just over 4 500 have been returned as of Tuesday. Maile was giving an update on the ongoing registration of spaza shops across Gauteng….
