Unemployed youth seeking work on roadside 1 minute The growth of youth employment was a key topic at day one of the G20 Employment Working Group meeting hosted in Gqeberha. Amongst this hot topic, was gender equality, income equality and the impact of digitalisation on the future of work. According to economist and lecturer, Professor…
Graphic depicting wages 2 minutes COSATU has dismissed as false, the long-standing assertion of a bloated public sector wage bill, as workers look to the upcoming budget for relief. Finance Minister Enoch Godongwana will have to walk a tight rope when he delivers his 2025 budget tomorrow. But government workers want an expansion of the…
Chief Economist Goolam Ballim. 2 minutes Standard Bank has generally shown confidence in the Government of National Unity (GNU) ahead of Finance Minister Enoch Godongwana’s 2025 Budget Policy Statement in Cape Town this afternoon. In his 2024 Burdget speech, Finance Minister Enoch Gongwana cited that the South African economy remains severely constrained, plagued by infrastructure…
Kenyan workers check clothes made for export at the United Aryan Export Processing Zone (EPZ) factory, operating under the U.S. African Growth and Opportunity Act (AGOA), in Ruaraka district of Nairobi, Kenya October 26, 2023. 2 minutes Four Republican Members of Congress have written a letter to US President Donald Trump arguing for South Africa’s…
GNT bus at a depot 2 minutes Limpopo government bus-owned company, Great North Transport (GNT) has closed over 200 routes due to financial problems. The bus company has lost over R300 million in the past five years. Hundreds of commuters have been left without reliable transport. The affected routes span multiple areas throughout the province,…
2 minutes The official unemployment rate has decreased to 31.9% in the fourth quarter of 2024. This is due to an increase in employment and a decrease in unemployment in the same period. According to Statistics South Africa (Stats SA), employment gains were observed in the formal sector, the informal sector and private households, while…
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…
