Business & Economy
Industry calls Transnet out on latest force majeure

[ad_1] The Road Freight Association (RFA) says Transnet’s choice to invoke a force majeure on Thursday following the choice by some staff to go on a wage-related strike is “ill-placed and wrong”. RFA CEO Gavin Kelly voiced the business affiliation’s disapproval with the street, port and pipeline firm in a

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Business & Economy
Heat wave and power outages hit Joburg water supplies

[ad_1] ‘Use water sparingly’ is the recommendation from bulk water provider Rand Water after giant areas of Johannesburg and Tshwane had been hit with interrupted supplies in current weeks. Every week in the past Rand Water reported a power failure within the engine room at its Zuikerbosch Water Treatment Works,

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Business & Economy
Tax man getting stricter with people working abroad

[ad_1] It has immediately develop into harder for South Africans dwelling and working abroad for months on finish to persuade the South African Revenue Service (Sars) that they’re non-residents for functions of tax, and that the earnings they earn outdoors of SA shouldn’t be taxed right here. While it is

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Business & Economy
Rail shambles is as big a problem to SA as load shedding

[ad_1] SA has misplaced up to R30 billion in coal gross sales to this point this yr as a result of Transnet was unable to deal with the volumes demanded by prospects in energy-starved Europe and Asia, stated Minerals Council SA CEO Roger Baxter, talking on the Joburg Indaba this

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Business & Economy
SA’s rail shambles is as big a problem to SA as load shedding

[ad_1] SA has misplaced up to R30 billion in coal gross sales to date this 12 months as a result of Transnet was unable to deal with the volumes demanded by clients in energy-starved Europe and Asia, stated Minerals Council SA CEO Roger Baxter, talking on the Joburg Indaba this

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Business & Economy
Wall Street warns wishful thinking on Fed won’t end bear market

[ad_1] Dip patrons wagering that the period of central-bank hawkishness has peaked received a reminder Wednesday that they’re taking part in a harmful sport. The S&P 500 sank as a lot as 1.8% after the most important two-day surge since April 2020 drew in merchants tanked up on newly dovish

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Business & Economy
Sun International invests R295m in Sun City timeshare expansion

[ad_1] Construction has commenced on the primary section of a brand new R295 million expansion of Sun International’s Sun Vacation Club (SVC) timeshare product, on the group’s Sun City resort close to Rustenburg in the North West province. Called Lefika Villas, the primary section expansion will add 58 luxurious three-

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Business & Economy
M&A update: Oceana cold storage sale and Aveng sale of Trident Steel

[ad_1] FIFI PETERS: Earlier at this time Massmart, the retailer that owns Game and Makro…, introduced that it’s struggling to discover a purchaser for its Game shops in East and West Africa. Massmart mentioned that it has been searching for a purchaser for fairly a while now – nearly a

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Business & Economy
Equity rally sputters amid fizzling Fed-pivot talk: markets wrap

[ad_1] US index futures and European shares fell as buyers scaled down their optimism for much less hawkish central banks and sought extra proof that inflation is moderating. December contracts on the S&P 500 and Nasdaq 100 dropped a minimum of 1% every after the underlying indexes scaled two-week highs

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