The South African Broadcasting Corporation’s (SABC) TV Park building in Auckland Park, Johannesburg. The South African Broadcasting Corporation (SABC) senior management continues to express the need for a viable funding model for the public broadcaster in order to have financial stability. The executive and the board of the public broadcaster appeared before the Standing Committee…
South African money notes and coins. Economist Doctor Azar Jammine says small businesses are finding it extremely difficult to secure capital. South Africa experienced another spike in business liquidations in September. There was a 23.9% increase in the number of businesses closing down. Dr. Jammine says that big businesses get more support which contradicts government’s…
Vet about to vaccinate cows South African farmers, including red meat producers, are challenging industry bodies to account for funds meant to curb the spread of foot-and-mouth disease. They say they have been paying for prevention efforts for years, but outbreaks have continued with little transparency on how the funds are being used. South Africa…
The Financial Action Task Force flag. Economist Dr Iraj Abedian says South Africa’s removal from the Financial Action Task Force’s grey list is a step in the right direction, but adds that a lot more needs to be done to maintain its status. The global financial crime watchdog placed SA on the grey list in…
A security officer seen next to a ‘no jobs’ board. National Youth Development Agency has launched a R2.5 billion National Youth Fund to tackle unemployment. The announcement was made at a Youth Investment Indaba in Johannesburg. The agency’s Deputy Chairperson, Bonga Makhanya, says investment in the fund will be sourced both locally and internationally for…
Gambling machines at a casino. The KwaZulu-Natal Economic Regulator (KZNER) says unregulated online gambling is a crime. This follows the latest report by the National Gambling Board, revealing that South Africans have spent R1.5 trillion on gambling during the 2024/25 financial year, a R400 billion increase from the previous year. KZNER Executive for Transformation and…
FILE| Numsa members at a strike. The National Union of Metalworkers of South Africa (Numsa) will march to National Treasury in Pretoria today. The union is demanding that government should stop conducting business with private security companies that are not compliant with collective agreements. Numsa’s spokesperson Phakamile Hlubi-Majola says it’s a disgrace that workers in…
[FILE IMAGE]: Construction on Durban roads. Africa’s financial institutions have committed to generate billions of US dollars needed to finance the continent’s infrastructure development. This pledge was made at the Luanda Summit on Financing Infrastructure Development in Africa. Different sectors on the continent met to discuss the possibility of financing big projects in Africa. The…
The logo of the Financial Action Task Force is seen during a news conference. Economist Iraj Abedian says South Africa’s removal from the Financial Action Task Force’s (FATF) greylist is a step in the right direction, but a lot more needs to be done to maintain its status. It emphasises that government has worked tirelessly…
Cows feeding The foot-and-mouth outbreak, which is now in its fourth year in KwaZulu-Natal, has the potential to cost meat producers millions of rands, according to the chairperson of the Red Meat Producers’ Association in KZN, Angus Williamson. In recent months, the outbreak has spread beyond the initial disease management area. The outbreak has also…
