Tax-related items seen on a table 1 minute Some political parties in Parliament want Finance Minister Enoch Godongwana to commit to economic growth when he delivers his Budget Speech on Wednesday. They want the budget to mark a turning point for the economy and also focus on debt containment and are against increases in taxes….
South African bank notes and coins. 1 minute Consultancy firm PricewaterhouseCoopers (PWC) says it expects the National Treasury to announce a tax revenue shortfall of about R10 billion relative to its expectations in the mid-term budget tabled in October last year. Treasury said it expected to raise just over R1.84 trillion in taxes at the…
Gautrain Workers have accepted 8 percent salary increase 1 minute Gautrain has expanded its bus services between Rosebank and Park Stations to mitigate disruptions caused by the suspension of train operations between the two stations. The suspension follows an illegal drilling incident on private property above the Gautrain tunnel. Buses will now run every 15…
2 minutes Starting from the 1st of next month, South Africa’s new national minimum wage will come into effect, bringing changes that are expected to impact various industries across the country. The wage has been increased to R28.79 per hour, up from the previous rate of R27.58. Managing Director at Strata-G Labour Solutions, Advocate Tertius…
VBS branch. 2 minutes The VBS Mutual Bank liquidator’s office says it has managed to recover R670-million which will be paid to verified creditors. It says they include municipalities that had invested in the defunct institution. Before the bank collapsed more than six years ago, 14 municipalities and thousands of clients had invested in it….
1 minute South Africa’s rand was little changed early on Monday as investors await Finance Minister Enoch Godongwana’s budget speech later this week, which will provide insights into Africa’s most industrialised economy. At 07:27 GMT, the rand traded at 18.3575 against the U.S. dollar , near its previous closing level of 18.3525. Analysts said all…
Illustrations of a balloon and red rose. 1 minute The Southern African Fraud Prevention Service (SAFPS) has warned people of a rise in romance schemes. It has warned that scammers are increasingly using romance scams by influencing or deceiving a victim. SAFPS says the aim is to gain control of their computer or steal personal…
South African rand notes. 1 minute The rand is trading at R18.31 to the US dollar; R23.11 to pound sterling, and R19.25 to the euro. The euro is trading at $1.05, and the dollar is trading at 152.1-1 Japanese yen. In China, a dollar is changing hands at 7-yuan-25 and in India at 86-rupees-56. Bourses…
Panama-flagged container ship “Ever Goods” is seen at the loading terminal “Burchardkai”, in the port of Hamburg, Germany 1 minute The European Union plans to block imports of certain foods made to different standards in an effort to protect its farmers, echoing US President Donald Trump’s reciprocal trade policy, the Financial Times reported on Sunday. The European Commission…
4 minutes The demand for roses has gone up as lovers around the world celebrate Valentine’s Day. The surging demand has led to shortages in supply in South Africa, partly blamed on climate change. This is forcing local florists to import flowers, leading to the pushing up of prices. However, this has not discouraged those…
