Prasa and Sanral given January deadline for turnaround plan

Chairperson of the committee, Donald Selamolela, raised concerns about the potential liquidity challenges faced by Prasa and Sanral if their funding models and legislative impediments are not resolved. He noted the importance of these entities in delivering essential infrastructure services to South Africans. “These jewels of infrastructure projects give meaning to service delivery for our…

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GDP figures in line with expectations: Economist

South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg. Independent Economist Elize Kruger says the latest economic growth figure is in line with analysts’ expectations. Data released by Statistics South Africa shows that the economy expanded by 0.5% in the third quarter of…

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State withdraws murder charges against Masaraure, Chere

Masaraure, who was being represented by Doug Coltart, appeared before Harare resident magistrate Dennis Mangosi . THE State yesterday withdrew the murder charges against the Amalgamated Rural Teachers Union of Zimbabwe (Artuz) leader Obert Masaraure and secretary-general Robert Chere before plea after the trial failed to kick off for nearly eight years. Masaraure, who was…

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FCSA notes increase in employers defaulting on pension funds

Pension fund file The Financial Sector Conduct Authority (FSCA) says it has noted an increase in the number of pension funds reporting employers who are failing to invest workers retirement funds as required by law. The FSCA has reported that over 15 500 non-complaint employers have more than R7 billion in outstanding pension fund contributions. Industries failing to comply…

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Mining and manufacturing down year-on-year: Stats SA

Mine workers stand underground at Gold Fields’ South Deep mine, south-west of Johannesburg, South Africa October 12, 2022. 1 minute The latest economic wrap-up for May 2025 from Stats SA shows decline in mining and manufacturing year-on-year in the first quarter of 2025, as unemployment grew to 32,9% and consumer price inflation remained below three…

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