Person writes out the word debt 2 minutes The Congress of South African Trade Unions (Cosatu) says it is concerned by the rising municipal debt as it will affect basic services. This is after National Treasury issued a circular revealing that the total amount owed by municipalities has increased by R24 billion in the 2024/2025…
Workers are seen building housing units at a construction site as coronavirus disease (COVID-19) lockdown regulations ease in Fleurhof, near Johannesburg, South Africa, October 6, 2020. 2 minutes Employees who earn above a certain amount annually will no longer be covered by South Africa’s labour legislation, effective from Tuesday. According to a notice published in…
ANC NEC Media Briefing at Birchwood in Boksburg 2 minutes The ANC is confident that an agreement will be reached with other political parties to allow for the budget to be approved in Parliament. The ANC briefed the media on day two of its National Executive Committee (NEC) meeting taking place in the East Rand…
South African bank notes are displayed at an office in Johannesburg. 1 minute The total amount owed by municipalities to creditors has increased by over R20 billion. The total amount owed by municipalities to creditors has been reported at R128 billion. This is an increase from R104.3 billion reported for the same period in the…
Money 1 minute National Treasury’s Q2 report for 2024/25 reveals that municipalities underspent on conditional grants and capital projects. These funds were meant for infrastructure development and emergency disaster repairs. The grants were allocated for programmes to support the development of infrastructure and fund emergency repairs after unforeseen disasters. This also includes funding the implementation…
US dollar notes. 3 minutes The dollar weakened on Friday ahead of a planned announcement next week by US President Donald Trump on reciprocal tariffs, which has left traders uncertain of how to trade the currency. “The one word that I keep hearing over and over from clients, and on earnings calls and things, is…
An advert for vacancies 2 minutes The Forestry, Fisheries and Environment Department has appealed to communities in rural areas to set up small businesses to reduce unemployment. It has cited businesses such as disposing of electronic equipment without harming the environment. Deputy Minister Bernice Swarts launched an e-waste recycling programme at the Makonde Stadium outside…
SARS Commissioner Edward Kieswetter. 2 minutes SARS Commissioner Edward Kieswetter has told Parliament that an estimated R800 billion in tax remains uncollected. SARS, together with the National Treasury, was responding to submissions received by the Standing Committee on Finance as well as the Select Committee on Finance during public hearings on this year’s budget. The…
Person collects a parcel at a shop 2 minutes Members of the Parliament Portfolio Committee on small business have expressed mixed reactions over the challenges faced by small businesses. This comes as the committee was wrapping up its week-long oversight of the small businesses funded by the department in Limpopo. The committee visited various businesses…
SASSA has extended the December deadline for beneficiaries to get their new gold card. 1 minute The Postbank has clarified that the deadline for social grant beneficiaries to replace their gold SASSA cards with the new black Postbank cards is May and not April. This follows comments by Minister in the Presidency Khumbudzo Ntshavheni during…
