Why are foreign investors afraid to invest in South Africa? In search of answers, Briefly scoured the internet to find out why.
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You may want to know why foreign investors are not investing in South Africa
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The Minimum wage bill imminent and are definitely coming, most likely to be effective as from January 2019
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BusinessLive reports that according to presidency spokesperson Khusela Diko, the signing into law of the national…….
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The Rand is firm for now, but Moody’s delays ratings move!
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The rand strengthened further on Monday after Moody’s Investors Service held off on its ratings review of South Africa on Friday.
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Chaos at Sars IT, the overhaul will cost R1bn to fix, but it is now on hold!
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A global advisory firm’s overhaul of the South African Revenue Service’s (Sars) modernisation and digitisation programme was not worth the hundreds of millions spent, according to Sars officials testifying before the Nugent Inquiry.
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Further fuel price rises expected due to the Rand that weakens sharply
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The rand was a lot weaker on Thursday morning‚ raising the prospect of yet another increase in fuel prices‚ which have been a political hot potato ahead of the general elections in 2019.
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SASSA News:- ‘Double social grants for six months’ – can this be possible?
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The social development department has made an extraordinary proposal to the inter-ministerial committee set up to find solutions to boost the economy: double social grants payments for six months.
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Three of the VBS execs provisionally sequestrated, Vele liquidated
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Provisional sequestration orders have been granted against three businessmen in the VBS Mutual Bank fraud saga.
Vele Investments, VBS’s main shareholder, has also been liquidated.
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Cyril Ramaphosa downplays hope of a ‘quick fix’ for high fuel & VAT
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President Cyril Ramaphosa has given ministers in the economic cluster a two-week deadline to come up with measures to ease the burden of high fuel prices and the VAT hike on already struggling consumers.
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Brace yourself, tougher times are still ahead
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As temperatures plummeted across the county this week, fuel prices hit record highs of R16.02 for a litre of 95-octane petrol in Gauteng.
Taxi fares and the cost of basic foodstuffs are also expected to rise as a result. But beyond appealing to manufacturers and service providers to hold off on increases, there is no immediate plan for the government to help hard-hit consumers.
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Christo Wiese, Resigned Chairperson, sues Steinhoff
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Resigned Steinhoff chairperson, Christo Wiese, has lodged a claim of R59-billion against Steinhoff International. In a statement released on Thursday afternoon Wiese’s Titan Group, announced that it had served a summons on Steinhoff for the amount which related to investments made into the retailer in 2015 and 2016. In one case, companies in the Titan..
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Today is a full day of hearings into corporate scandals in Parliament
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South African corporate scandals will be the order of the day in Parliament on Tuesday, as the standing committee on finance rolls up its sleeves for a full day of hearings into the imbroglios at Steinhoff, KPMG, VBS Mutual Bank, and the SA Revenue Service.
The committee will start by receiving briefings on Capitec Bank and VBS Mutual Bank on Tuesday morning.
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New deputy president, finance minister announced in major Cabinet reshuffle
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ANC deputy president David Mabuza will be the next deputy president of South Africa once he is sworn in as an MP. In a televised address to the nation on Monday evening, President Cyril Ramaphosa announced major changes to Cabinet, signalling a reversal of some of former president Jacob Zuma’s most controversial Cabinet appointments.
Ramaphosa also announced that Nhlanhla Nene would be appointed as new finance minister, once he had been sworn in as an MP. Zuma fired Nene in December 2015 and replaced him with Van Rooyen,
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Eskom’s new chair is a man of ‘unimpeachable integrity’
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Who is Jabu Mabuza? The new chair of the Eskom board, Jabu Mabuza has an illustrious history in the South African corporate sector. He has served as a director on a number of boards and has had experience as chair on many others including: Telkom South Africa; Anheuser-Busch InBev; South African Tourism, and the Casino..
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The ruling party moves for land, and the Reserve Bank
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The ANC will seek to amend the constitution of the country to allow for expropriation of land without compensation and will also nationalise the South African Reserve Bank, the party announced on Wednesday night. The contentious announcement was made just before the close of its 54th national conference on Wednesday night. The sectoral commission on..
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