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Cape Town - A roundup of Wednesday's top economic and finance reads on Fin24.
SA lost 69 000 jobs in second quarter - Stats SA
Employment in SA's non-agricultural formal sector dropped by 69 000 between March and June 2018, Statistics SA announced on Wednesday in its latest Quarterly Employment Statistics (QES) bulletin.
Stats SA reported that non-agricultural formal sector employment dropped from 9 817 000 in March 2018 to 9 748 000 in June 2018.
SARS Inquiry hears internal investigations unit broke down under Moyane
A senior SA Revenue Service employee in the tax agency's investigations unit on Wednesday detailed how the agency's internal anti-corruption unit was clipped of its wings after the arrival of now suspended SARS commissioner Tom Moyane.
Public sector hikes lead to large increase in average take-home pay
Backdated salary payments in the public sector continued to spur the increase in BankservAfrica’s Take-home Pay Index for August.
Real salaries showed improvements on both an annual and monthly basis, BankservAfrica announced on Wednesday.
Cannabis mention adds millions to these companies' valuations
New Age Beverages shares have tripled this month. Alkaline Water's stock more than doubled. And IntelGenx Technologies did that in a single day last week.
On the surface, the companies may not have much in
common - one makes trendy Kombucha drinks, another pH-balanced water,
while the last makes oral films for medications. But their plans in the
emerging legal cannabis market has caught investors’ attention.
Instagram founders' exit means no one to challenge Zuckerberg
While he took time off for paternity leave this month, Instagram’s Kevin Systrom had time to reflect on all the small ways Facebook had started to impose its will on the photo-sharing app he co-founded.
Earlier
this year, his parent company asked for prompts within Instagram that
would drive traffic and add content to its main social network.
Meanwhile, Facebook removed some of the links to download Instagram from
the Facebook app, people familiar with the matter said.
