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  • Another VAT hike?

    Absa warns that govt may again announce an increase in value added tax in next month's Budget.

  • SA Revenue Service

    The tax agency says a unit that tackles illicit financial flows has recovered R2.6bn since April 2019.

  • State Capture Inquiry

    Former Eskom chairperson Zola Tsotsi says Tony Gupta threatened to have him removed.

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South Africa

'If you think it was bad, it was worse': CNN's Richard Quest slams Team SA over state capture

Jan 26 2020 11:16

Despite Finance Minister Tito Mboweni describing "many fruitful conversations" at the World Economic Forum in Davos, Switzerland last week, CNN business editor Richard Quest had harsh words for Team SA at the international gathering.

Economy

Two big factors putting pressure on SA commercial property - economist

Jan 25 2020 18:00

With the SA economy expected to grow at less than 1%, this would be insufficient to curb an increase in the vacancy rate of commercial property and to prop up real property values at recent levels, according to John Loos, property sector strategist at FNB.

Economy

Numsa vows to defend jobs as Samancor joins list of retrenching companies

Jan 25 2020 11:08

The National Union of Metalworkers of South Africa has warned yet another company invoking section 189 of the Labour Relations Act – Samancor Chrome – that it would fight its plans to cut 595 jobs at its smelting operations.

Economy

Tesla market value tops $100bn, triggering payout for Musk

Jan 25 2020 09:02

Tesla shares hit $100bn for the first time, triggering a payout plan that could be worth billions for Elon Musk, founder and chief of the electric carmaker.

Economy

SA wine industry urged to focus on higher value products

Jan 25 2020 08:49

The South African wine industry should put more focus on supplying higher value products both locally and internationally, according to the chairperson of Vinpro.

Economy

Security guard strike continues as govt fails to pay wages

Jan 24 2020 22:34

Thousands of security guards providing services to Mpumalanga Province have embarked on a strike since Tuesday as they have not yet received their December payments.

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Eskom

Mboweni: 'I can tell you, the train is moving'

Jan 24 2020 15:42

Finance Minister Tito Mboweni told a press conference in Davos, Switzerland that "the train is moving" on reforms aimed at boosting economic growth.

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