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Economy

 

Economy / 06-08-21 / Staff Writer

Medupi finally powers into national grid

Cabinet on Thursday welcomed to the completion of Eskom’s Medupi power station. Earlier this week, Eskom announced that all six units of the new power station were now fully on the grid.

Economy / 05-08-21 / Staff Writer

President Ramaphosa meets with special envoys on investment

President Cyril Ramaphosa on Wednesday held a virtual engagement with the Presidential Special Envoys on Investment to discuss the economic environment and measures being taken to improve the investment climate in South Africa.

Economy / 03-08-21 / Staff Writer

FSCA warns the public against Crypto Currency Trading Group (CCTG) Ltd

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Crypto Currency Trading Group (CCTG) Ltd

Economy / 02-08-21 / Staff Writer

SARS to implement tax relief measures

The South African Revenue Service (SARS) will implement tax relief measures in response to the continuing COVID-19 pandemic and recent civil unrest.

Economy / 29-07-21 / Staff Writer

SA should reform fragmanted financial services ombuds, World Bank recommends

A World Bank diagnostic study has recommended that South Africa restructure its fragmented financial services ombudsman structure.

Economy / 28-07-21 / Staff Writer

Replacement of failed Eskom infrastructure in progress

Eskom has committed to replacing its ailing infrastructure in Gauteng after experiencing an increased number of “pole-mounted” transformers and mini-substations that fail due to network overload.

Economy / 26-07-21 / Staff Writer

President Ramaphosa speaks out against violence and destruction of properties

President Cyril Ramaphosa says the violence and destruction that engulfed parts of KwaZulu-Natal and Gauteng two weeks ago caused much damage to property and livelihoods, but also had a huge impact on the cohesion of communities.

Economy / 22-07-21 / Staff Writer

Repo rate stays unchanged at 3.5%

The Monetary Policy Committee (MPC) has decided against changing the repo rate, opting to keep it at the current 3.5% per annum.

Economy / 21-07-21 / Staff Writer

Stained banknotes illegal, SARB warns

The South African Reserve Bank (SARB) has warned the public to be cautious of accepting banknotes that have been stained with traces of blue or green ink.

Economy / 21-07-21 / Staff Writer

Government, business commit to rebuilding SA economy

Government and business leaders from industries affected by the recent destruction of property and violence, in KwaZulu-Natal and Gauteng, have committed to working together to rebuild the South African economy

Economy / 20-07-21 / Staff Writer

Damage to retail facilities detrimental to economy

The Department of Trade, Industry and Competition has warned that the damage to factories and retail facilities in KwaZulu-Natal will have a significant impact on the economy, jobs and access to goods and services.

Economy / 19-07-21 / Staff Writer

Government engages Western Cape taxi industry

Transport Minister Fikile Mbalula has been engaging representatives of the South African National Taxi Council (SANTACO), Cape Amalgamated Taxi Association (CATA) as well as the Congress of Democratic Taxi Associations (CODETA).

Economy / 16-07-21 / Staff Writer

Unrest and looting were instigated: President Ramaphosa

The instigators of the mayhem that engulfed Gauteng and KwaZulu-Natal will not be allowed to ignite anarchy and spread instability, says President Cyril Ramaphosa.

Economy / 16-07-21 / Staff Writer

Government meets with top company CEOs to chart way forward

Government Ministers have met with 34 Chief Executive Officers (CEOs) of South Africa’s largest companies and multinationals to discuss the crisis of sabotage, lawlessness and looting in KwaZulu-Natal and Gauteng.