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…
[File photo] Wall Street sign 3 minutes Wall Street futures fell in Asia and Treasury yields held near eight-month highs on Friday as investors counted down to a US jobs report that could exacerbate or ease the sell-off in the global bond market. Nasdaq futures NQc1 dropped 0.6% while S&P 500 futures ESc1 were down 0.5%. Wall Street…
Flysafair plane seen in the air. 1 minute The National Consumer Commission (NCC) has announced that it has launched an investigation into low-cost carrier Flysafair. The commission says this follows media and social media reports of the airline allegedly overbooking flights. It says it has contacted the airline to request information to kick start the…
A general view shows ArcelorMittal South Africa office. 1 minute Government says it is committed to finding a lasting solution to avoid the closure of ArcelorMittal South Africa’s steel operations after months of talks failed to prevent job cuts. About 3 500 jobs are on the line as the company plans to wind down operations…
Transnet operations at a port in South Africa. 1 minute The Road Freight Association (RFA) has expressed concern about delays at Transnet’s Pier 2 container terminal at the Durban Port. Transnet Port Terminals issued a notice to customers on Tuesday, saying it was facing operational challenges caused by a combination of inclement weather and ongoing…
4 minutes The Gauteng Provincial Government is set to launch the Local Government Turnaround Barometer Dashboard this month to monitor municipal performance and improve service delivery across the province. The Barometer will track key issues, including water and electricity challenges, financial compliance, and wasteful expenditure. It was introduced following the province’s Local Government Turnaround Summit,…
Acting Gauteng Premier Lebogang Maile speaks at a provincial government engagement. 1 minute Gauteng Finance and Economic Development MEC Lebogang Maile has dismissed reports suggesting that the province is nearing bankruptcy. Speaking at a media briefing in Johannesburg, Maile acknowledges the financial strain caused by the e-toll debt but assures that the province’s finances and…
