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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.
May 24 2012 15:29
The Reserve Bank will maintain current interest rates, says governor Gill Marcus.
May 24 2012 12:00
Britain fell deeper into recession than initially thought in the first quarter of 2012, upping chances that the central bank could inject more stimulus into the economy.
Cape Town - South Africa's Education, Training and Development Practices (ETDP) sectoral training authority (Seta) levied
nearly R160m on employers in this sector during the 2004/05
financial year, says Labour Minister Membathisi Mdladlana.
The preliminary annual financial statements from this authority showed that R132m had been paid back to employers for training purposes while nearly R23m had been spent on salaries, R5m on
travel and accommodation, R595 000 on conferences and workshops and just over R4m on other items.
A further R5.3m had been spent on offices and equipment.
Since the authority achieved its National Skills Development strategy targets - in that 70% of the large and medium companies claimed back their levies in comparison to the 51% required - Mdladlana said there "are clearly no major constraints facing employers in claiming back their levies."
He was replying to a question from the Democratic Alliance's Mark Lowe.