Business & Economy
July 19, 2024
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Business & Economy
July 19, 2024
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Business & Economy
July 19, 2024
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Business & Economy
Shocking: R2.15 Trillion Collected by Sars in Struggling Economy
Sars has achieved a significant milestone in tax collection, reporting a record gross amount of R2.155 trillion as of the end of March 2024. This marks a 4.2% increase year-on-year against the nominal GDP of 4.9%. In addition to the impressive collection figure, Sars has also paid out refunds totaling
April 3, 2024
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Business & Economy
March 8, 2024
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2023 Energy challenge in SA – A Review and way forward
[ad_1] 2023 Energy challenge in SA – A Review and way forward For South Africa, like in many countries on the continent, ignoring early warning signs of inadequate power generation and distribution is akin to walking into darkness with the eyes open. It was disaster waiting to happen, and happen,
January 12, 2024
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Business & Economy
South Africa’s Economic Indicators: Employment, Inflation, and Market Movements
In Johannesburg, South Africa, Q3 saw a 0.3% rise in formal sector employment to 10.176 million, while November’s producer inflation eased to 4.6% from 5.8% in October. Investec economist Lara Hodes attributed relief to producers from fuel price cuts. Following the U.S. Federal Reserve’s rate decision, the rand dipped 0.52%,
December 15, 2023
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Business & Economy
South Africa’s Nuclear Energy Expansion to Tackle Power Shortages
South Africa confronts power shortages, unveiling plans for a 2,500-megawatt nuclear power boost to combat its energy crisis. With the Koeberg plant, the country’s sole nuclear facility, operating at half capacity, the initiative aims to bridge the generation-demand gap. Scheduled for launch by 2032 or 2033, this move seeks to
December 15, 2023
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Business & Economy
Smart toilet paper inventor Zithande Mbala takes on the IDC 12 December 23
In this captivating video, we delve into the rollercoaster journey of Zithande Mbala, the brilliant mind behind the world’s first smart toilet paper – the iWipe. In 2018, Mbala secured a R3 million loan from the Industrial Development Corporation of SA (IDC) to kick-start his groundbreaking project. With plans for
December 12, 2023
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Business & Economy
SARB keeps repo rate unchanged once again
In this video, we bring you the latest news from the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) meeting, where they have made a crucial decision. Discover how consumers will experience a sense of relief as the SARB has voted to keep the country’s repurchase rate (also known
November 23, 2023
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