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McDonalds commits to paying new minimum wage

McDONALD South Africa on (TODAY) Monday said it was committed to paying fair and just wages to all its employees as stipulated by law following the announcement of a new national minimum wage. This comes after social media users criticised Deputy President Cyril Ramaphosa after he announced that the National Economic Development and Labour Council (Nedlac) Advisory Panel had proposed ... Read More »

Ramaphosa to unveil new minimum wage proposal

SA’s DEPUTY president Cyril Ramaphosa will on Sunday(tomorrow) release the report of the panel of advisors appointed to advise the National Economic Development and Labour Council (Nedlac) on the level at which South Africa’s national minimum wage should be set. This would be during Nedlac’s Committee of Principals (CoP) meeting comprising of leaders labour, business, government, and communities and would ... Read More »

Vodacom to reduce costs of data

AFRICA’s’s mobile giant operator Vodacom says data remains a key driver to the company’s growth and that high demand is driving costs down. “One of the journeys we have been focusing on really is bringing data prices down. In the past six months data has fallen by almost 13% and voice prices have come down by 14 %. And that ... Read More »

Black businesses against liquor amendment bill

BLACK owned businesses have accused the Government of plotting to plunge black people into more poverty and unemployment in the townships, after issuing the Draft Liquor Amendment Bill for public comment. The Bill seeks to make several changes to how liquor is sold and consumed. Liquor traders say not only will their families suffer, but the communities they serve as ... Read More »

10% bonus for all Telecash Diaspora remittances

TELECEL Zimbabwe, which was granted permission by the Central Bank to receive international remittance, will now be paying a 10% bonus to all recipients of inward remittances on its mobile money platform, in line with the government’s drive to encourage the use of formal channels to receive money from the diaspora. “Telecash has decided to offer a 10 percent incentive ... Read More »

Plan your death, Go Heritage

AS THE festive season starts, Heritage would want to urge people not only to enjoy themselves and keep safe but not forget to put away a few rands every month to prepare themselves against the eventuality of death in a foreign country by signing up for a Ness Heritage Funeral Plan TODAY. Forced to migrate to a foreign country to ... Read More »

Zuma and Mugabe to discuss trade between SA and Zimbabwe

SA president Jacob Zuma will meet  Zimbabwean President Robert Mugabe next Wednesday as a follow-up to economic and trade agreements signed by the two countries when  Mugabe was last in South Africa. “President Zuma is expected to arrive in Zimbabwe on November 2, while ministers will be expected to get here earlier to do preparatory work,” consular affairs representative Linda ... Read More »

All paid up, cash strapped Zimbabwe clears IMF debt

ZIMBABWE  has cleared its 15 year arrears with the International Monetary Fund (IMF), by  paying $US 108 million,  says the Fund. Zimbabwe, which has been in arrears since 2001, used its allocation of Special Drawing Rights (SDRs) allocated to all IMF member states in 2009 as part of a global financial rescue package to clear the outstanding amount. “On October ... Read More »

Dis Chem to register on JSE

DIS  Chem Pharmacies on Monday (today) announced its intention to list on the main board of the Johannesburg Stock Exchange. The company, which sells pharmaceuticals and a wide range of household goods and health and beauty products, said the proposed listing was subject to market conditions and JSE approval. Dis-Chem, which has tripled its store base since 2008, said a ... Read More »

Zimbabwe rejects randification

THE  Reserve Bank of Zimbabwe (RBZ) has ruled out adopting the South African rand, or joining the sub-regional Rand Monetary Union (RMU), saying the currency is too volatile thus making it too risky. “We need to understand that the South African Rand has its own challenges: it is volatile,” says RBZ governor  Dr Khuphukile Mlambo, while  addressing a National Economic ... Read More »

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