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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Business & Economy
[Top Story] The impact of microfinance on the economy

[ad_1] SIMON BROWN: I’m chatting now with Monique Pennells, head of non-bank monetary establishments at Absa CIB. Monique, I recognize the early morning time. In a observe that you simply put out only in the near past in South Africa you talked about that there are over 6 000 energetic and

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Business & Economy
A tale of two consultants: First Bain, now McKinsey, in state capture dock

[ad_1] Days after Boston-based consulting agency Bain & Co was banned from tendering for public work for 10 years by National Treasury, fellow world consulting agency McKinsey confronted its personal reckoning with justice over state capture allegations. For Bain, the general public sector ban was punishment for the destruction it

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Business & Economy
Elon Musk offers to close TWITTER deal at original price

[ad_1] Elon Musk on Tuesday supplied to push by way of along with his buyout of Twitter at the original agreed price, simply weeks earlier than the scheduled begin of a bitter courtroom case over his efforts to withdraw from the deal. The world’s richest man stated in a submitting

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