South Africa’s pension system fails to compete on global level |Report.
By Lehlohonolo Lehana. The South African pension system has been ranked at the bottom of a global ranking of 75
Business
SA’s fuel refinery Sapref to retrench 350 workers.
By Lehlohonolo Lehana. The South African Petroleum Refineries (Sapref) based in Durban, has announced the conclusion of a retrenchment agreement with
Monster turned R1,000 into R3.1 million over two decades.
By Drikus Greyling. Monster Beverage Corporation, started by two South Africans, was the best-performing US stock over the last 20
South Africa’s electricity crisis to add materially to inflation |SARB.
By Lehlohonolo Lehana. South Africa’s electricity crisis is expected to add materially to headline inflation this year, says the South African
Implications for South Africa now that it’s on FATF’s grey list |PWC.
By Lehlohonolo Lehana. Financial services firm PwC says South Africa has a more globally integrated financial system, with a more open
South Africa sees glimmer of hope amid global recession fears.
By Lehlohonolo Lehana. The economists at the Bureau for Economic Research (BER) says the economic data from South Africa’s industrial
Standard Bank flags 28% profit jump in first quarter of 2023.
Business Reporter. Financial Services group Standard Bank says its attributable earnings rose by almost a third in the first quarter, which
Power cuts cost Receiver of Revenue up to R60 billion in taxes.
By Lehlohonolo Lehana. The South African Revenue Service (SARS) says severe and frequent rolling blackouts had cost SARS up to R60
South Africa consumer inflation rises to 7.1% y/y in March.
By Lehlohonolo Lehana. The annual consumer price inflation is still heading higher – reaching 7.1% in March, up from 7.0%
Unions demand increases above inflation at cash-strapped Eskom.
By Lehlohonolo Lehana. Embattled power utility Eskom, which is struggling to provide energy to power one of Africa’s largest economies,
Sub-saharan Africa needs bilateral help to manage a severe financial shortage |IMF.
By Lehlohonolo Lehana. The International Monetary Fund (IMF) says Sub-Saharan Africa is facing a funding squeeze that has driven up borrowing
Gordhan appoints Derek Hanekom as the new SAA interim chair.
By Lehlohonolo Lehana. Public Enterprises minister Pravin Gordhan has appointed a new eight-member interim board for the national carrier SAA