[ad_1] As we start 2023, the explanations to stay constructive could appear few and much between. With an intensified load shedding schedule becoming a member of a lengthy listing of financial illnesses, together with rising rates of interest, an already-high value of dwelling and lacklustre financial progress, many South Africans
[ad_1] You may hearken to this podcast on iono.fm here. This transcript is a translation from the unique interview, which was carried out in Afrikaans and aired on RSG Geldsake, right here. RYK VAN NIEKERK: In October final yr I chatted to Johann Ferreira of Intercape, and this was after the Eastern
[ad_1] One of PRASA’s most important capital contracts – to upgrade its depots to accommodate its new blue trains – has been delayed by irregularities. Dozens of recent blue trains have been left to stand idle. A settlement settlement between a failed tenderer and the contract award winner could also
[ad_1] A benchmark of world shares headed for a weekly achieve amid easing inflationary strain within the US and expectations for smaller rate of interest hikes. Shares had been largely greater in Asia regardless of uneven buying and selling, placing a gauge of the area’s equities on track for the
[ad_1] Business rescue was launched into the Companies Act and have become efficient in 2011 with a view to saving and restructuring relatively than liquidating firms deemed to have an inexpensive likelihood of survival. According to a 2022 Companies and Intellectual Property Commission (CIPC) report, 4 370 firms entered enterprise rescue
[ad_1] Only just a few hours earlier than the court-ordered deadline, vitality regulator Nersa on Thursday made the “very difficult” choice to grant Eskom a tariff improve of 18.65% for 2023/24 and 12.74% the next yr. This, nevertheless, comes with non-negotiable circumstances that can turn into a part of Eskom’s
[ad_1] On Friday, Postbank acknowledged {that a} glitch had prevented many social grant recipients from accessing their January 2023 payments. Postbank stated the problem had been resolved. But GroundUp visited a Cape Town cost department on Tuesday and located a number of beneficiaries had nonetheless not been paid. This is
[ad_1] Legislative change aimed toward stopping revenue shifting, is having a adverse impression on favourable tax regimes designed to appeal to international direct funding and help South Africa’s industrialisation efforts. One such regime noticed the introduction of particular financial zones that supply a lowered company tax fee of 15% and an accelerated
[ad_1] You also can take heed to this podcast on iono.fm here. FIFI PETERS: [We have] the Steinhoff story proper now, the place the corporate introduced that the itemizing of its Mattress Firm enterprise over within the US wouldn’t be going forward as deliberate. It mentioned that there’s market volatility within the
[ad_1] You also can pay attention to this podcast on iono.fm here. FIFI PETERS: A large view held by fairly a variety of people pertaining to South Africa’s banking sector is that it doesn’t cater for all, and that many small companies discover it actually exhausting to entry loans. The ANC
