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The corporate that most likely doesn’t exist and guarantees to ship a piano that most likely doesn’t exist asks for cost to be made to a TymeBank account. Getting the identical e mail each few weeks – from a widow utilizing the very same wording to supply a music lover a free Yamaha child grand … Read more
Mbalula saved referring to the financial harm to poor folks regardless of Treasury saying earlier this was not the case. Fikile Mbalula, secretary-general of the ANC, has referred to as the alleged manipulation of the Rand ‘corruption’ and ‘prison’ at a press convention at Luthuli Home, saying “this egregious act towards the South African populace … Read more
Tongaat and Gledhow Sugar Firm – a KwaZulu-Natal-based sugar agency – owe the Sasa R1.5 billion in industry-related levies. The enterprise rescue practitioners (BRPs) for financially troubled Tongaat Hulett say they’re contemplating their subsequent steps within the ongoing dispute over the sugar producer’s legal responsibility to settle {industry} levies owed to the South African Sugar … Read more
The commerce statistics launched by the SA Income Service for October indicated a surplus commerce steadiness for the cumulative yr to-date (YTD) interval January to October 2023 of R28.5 billion. This represents a large drop from the R180.8 billion commerce steadiness surplus recorded for the comparable interval in 2022. The YTD exports have been R1.692 … Read more
There are additionally indicators that the backlog on the container port is easing, with 11 vessels at the moment at anchorage off the Durban coast awaiting offloading. State-owned port and logistics operator Transnet final week introduced a request for proposals (RFP) for the reconstruction, deepening and lengthening of two berths at Durban Container Terminal’s (DCT) … Read more
Economists anticipated it to contract by solely 0.1%. There was a surprising lower within the nation’s gross home product within the third quarter, with eight of the ten manufacturing divisions reporting destructive progress charges, displaying that the South African financial system was not rising. In line with Statistics SA, South Africa’s gross home product (GDP) … Read more
In one other setback for South Africa, financial progress was dragged decrease by agriculture, business and decrease funding. The lower in financial progress of 0.2% for the third quarter didn’t come as a shock, economists say, though it was worse than anticipated after two consecutive quarters of progress. What was stunning was the nosedive in … Read more
The lower in gas costs is simply too little too late for thousands and thousands of shoppers who battle to feed their households a fundamental nutritious weight loss program. Shoppers may have a lean festive desk regardless of the drop within the worth of gas as meals costs proceed to escalate at an unsustainable fee. … Read more
The environment friendly functioning of ports is important to the financial well-being of countries within the ever-evolving panorama of world commerce. Transnet’s pots have to be fastened quick and effectively within the curiosity of financial development. The general public procurement course of appears the be the primary reason for the issues, though incompetence and cadre-deployment … Read more
The brand new date for the implementation of the two-pot retirement system will give stakeholders extra time to get their techniques prepared. The 2-pot retirement system will now solely be applied on 1 September 2024 and never on 1 March subsequent yr, based on an settlement between the minister of finance and the portfolio committee … Read more