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Capitec increases lead in banking sector

 February 1 2017  – CAPITEC Bank has increased its lead in the banking sector and now has more clients than FNB and Nedbank, making it SA’s third largest bank, says consumer research group Nielsen’s most recent annual banking survey on Wednesday (today). “These results are testament to the success of our vision and values, keeping our costs low, giving customers ... Read More »

SA petrol prices to go up

January 29 2017 – THE retail price of both 93 and 95 octane petrol will be increasing by 29 cents a litre on Wednesday, February 1, says the energy department. While the price of diesel will also go  by 21 cents a litre and the wholesale price of illuminating paraffin will increase by 17 cents a litre because of  an ... Read More »

High SA job losses worry Cosatu

January 23  2017 – The Congress of South African Trade Unions (Cosatu) on Monday (today) says it is alarmed and deeply concerned by the ongoing jobs losses in a number of economic sectors. This comes after Anheuser-Busch InBev (AB InBev), the world’s largest brewer, began a voluntary severance programme to reportedly let go of more than  1 000 managers in ... Read More »

SA Trade Minister heads to UK for key investment talks

SA Trade Minister heads to UK for key investment talks

SA Trade Minister heads to UK for key investment talks January 21 2017 – SA’s Trade and Industry Minister, Dr Rob Davies has made his way from the World Economic Forum’s Annual Meeting in Switzerland to the United Kingdom for a two-day visit to showcase opportunities for investment in some of the country’s “priority” sectors and to engage in important ... Read More »

Shoprite hikes six months turnover to R71bln

Shoprite hikes six months turnover to R71bln

Shoprite hikes six months turnover to R71bln January 17  2017 – THE  Shoprite Group on Tuesday (today), reported a significant growth in turnover for the six months to December 2016, an increase of 14 percent from R62.5 billion to R71.3 billion. Shoprite said sales in the South African supermarket operation continued in the same trend as the first six months ... Read More »

Eskom to disconnect non paying municipalities this week

MUNICIPAL disconnections will go ahead this week unless payments are made and agreed arrangements are concluded

Eskom to disconnect non paying municipalities this week January 14 2017 – MUNICIPAL  disconnections will go ahead this week unless payments are made and agreed arrangements are concluded on arrear debt balance, says electricity parastatal Eskom. “Eskom hereby notifies all parties that may be materially and adversely affected by the interruption of supply to some municipalities  that Eskom will proceed ... Read More »

Thousands lose jobs as cheap imports flood SA’s chicken industry

Thousands lose jobs as cheap imports flood SA’s chicken industry January 9 2017– The Food and Allied Workers Union (Fawu) on Monday (today) made an impassioned plea to government to tighten regulations of importing chickens from the European Union (EU)  after the loss of thousands of jobs in  the poultry industry. This is after   SA’s largest  chicken producer, Rainbow ... Read More »

Zuma promises jobs and economic growth for 2017

Zuma promises jobs and economic growth for 2017

Zuma promises jobs and economic growth for 2017 IGNITING economic growth to create more jobs would be top of government’s agenda for 2017, President Jacob Zuma said in his New Year’s message to South Africans. Zuma described 2016 as a fruitful year in which government worked hard to fight poverty, inequality, unemployment, and reversing “the legacy of apartheid colonialism” through ... Read More »

SA retail sector set to improve in 2017

POSITIVE signs for the economy have increased hopes of improving trading conditions in 2017, leading to indicators pointing to improved conditions for the retail sector next year, says the South African Council of Shopping Centres (SACSC) The “SACSC Economic Brief” listed the respite in the violent and destructive student protests, an unchanged credit risk ratings by Fitch and Moody’s, and ... Read More »

SA employment rate goes up one percent

EMPLOYMENT levels in South Africa increased by 93,000 between June and September on a quarter-on-quarter basis, Statistics South Africa (StatsSA) said on Monday.(today) This reflected a net quarterly increase of one percent between June and September, following a revised decrease of 96,000 employees between March and June. StatsSA released the Quarterly Employment Statistics (QES) for the third quarter of 2016 ... Read More »

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