Business and Finance
Fresh fury has erupted over Premier Panyaza Lesufi’s controversial cabinet reshuffle, with the Democratic Alliance accusing him of sacrificing Gauteng residents to protect his own political survival. In a hard hitting statement, DA Gauteng Leader and Official Opposition…
Consumers will breathe a sigh of relief after the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5%. Despite a stagnant economy, coupled with several external and internal factors, SARB Governor Lesetja Kganyago said, the seven member MPC had decided against increasing the repo rate. Four members voted
Deputy President David Mabuza will tomorrow, 14 September 2018, address the 23rd Annual Summit of the National Economic Development and Labour Council (NEDLAC) at the Saint George’s Hotel and Conference Centre, in Pretoria, Gauteng. The 23rd NEDLAC Summit takes place under the theme, “Transformation of the Economy through inclusive economic growth and decent jobs”. NEDLAC
The Department of Trade and Industry (dti) has urged the liquor industry to drive programmes that will change South Africa’s drinking culture. “As government, we are sending out a strong message to the liquor industry, liquor manufacturers, distributors and retailers to take responsibility for their products and drive programmes that will change the drinking culture in our
The Competition Commission has welcomed the decision of the Competition Tribunal to confirm as an order a settlement agreement reached with Omnia Fertilizer Limited. Omnia has agreed to pay a R30 million administrative fine for contravening the Competition Act. It has also agreed to withdraw its review application on this matter, which is currently before the
The New York and New Jersey Port Authority has confirmed reports that multiple passengers aboard the Emirates Flight 203, from Dubai to New York have taken ill. The Port Authority Executive Director Rick Cotton confirmed in a statement that personnel from the US Centre for Disease Control were called in to evaluate the passengers and
South Africa is likely to exit its technical recession in the third quarter, the Bureau of Economic Research (BER) said on Tuesday. “In terms of our forecast, I think that we will exit the recession in the third quarter,“ said senior economist at the BER, Hugo Pienaar. Gross domestic product (GDP) figures for the second
