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Small businesses struggle to secure capital: Economist

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…

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Black households face severe financial constraints | Stats SA

Community members queue for water. 1 minute The Statistics South Africa 2022/23 Income and Expenditure survey shows that black households face severe financial constraints compared to White, Indian, Asian and Coloured households. Statistician-General Risenga Maluleke released the survey in Pretoria yesterday. The income of black households which averages R143 000 annually is well below the…

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Limpopo police confiscate counterfeit goods worth millions

SAPS raiding businesses 1 minute Limpopo police say they have confiscated counterfeit goods worth millions of rand in various stores in Burgersfort. Police raided more than 10 shops. Police spokesperson Malesela Ledwaba says they recovered counterfeit goods, including clothing items and cosmetics. “Lieutenant General Thembi Hadebe commended the team for swiftly operationalizing the information, which…

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