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SA govt may have to cut down on jobs

GOVERNMENT  departments looking to expand their headcount should think again. Tabling his medium-term budget policy statement in Parliament on Wednesday, Finance Minister Nhlanhla Nene said there would be no money to increase staff numbers as government scrambled to deal with a R12.2 billion shortfall in this fiscal year alone on the public sector wage deal. “The contingency reserves will be ... Read More »

SA’s finance minister Nene expected to deliver some “fiscal magic” amid recession

SA’s minister of finance Nhlanhla Nene faces an almost impossible balancing act in his medium-term budget policy statement (MTBPS) on Wednesday, with Barclays Africa noting that he would “really have to deliver some fiscal magic to secure the market’s full confidence”. In a pre-MTBPS note, Peter Worthington, principal and senior economist at Barclays Africa, said South Africa was arguably at ... Read More »

Zim’s only fertiliser company shuts down

ZIM’s sole ammonium nitrate (AN) fertiliser manufacturer, Sable Chemicals, has shut down operations at its electrolysis plant owing to the gnawing power shortages in the country. The company, based in Kwekwe, about 210km southwest of Harare, at its peak consumed 80 megawatts (MW) of power before it was forced to halve the consumption when it shut down five of its 10 ... Read More »

SAA wins Best African Airline award for the 9th time

SA Airways (SAA) has for the ninth running year, won the Best African Airline Award at the Business Traveller Awards, the airline announced on Monday. “Receiving the 2015 Business Traveller Award for ‘Best African Airline’ further cements the airline’s growing reputation,” said Tim Atkinson, SAA Head of International Airports. English writer, broadcaster, and actor Gyles Brandreth hosted the Business Traveller ... Read More »

Woolworths recalls ice cream products

RETAIL  giant Woolworths on Tuesday recalled 12 ice cream and sorbet products which were not labelled with the necessary peanut allergen warnings. “The labelling ‘product made in a factory which uses peanuts’ provides potentially allergic customers with guidance to make informed buying decisions. This labelling has been omitted from some of these products in error,” said the spokesperson speaking on ... Read More »

Econet brings Tap and Pay cards to Zim

ECONET  has taken Zimbabwe towards being a cashless society by introducing the Ecocash debit card, known as “Tap and Pay”. Ecocash is a mobile money transfer service offered by Econet and the new debit card will be the first contactless offering in Zimbabwe. The Tap and Pay method will see customers making transactions of up to a US$100 daily cap ... Read More »

SARS uncovers another multi-million rand tax evasion scheme

TWO men who allegedly defrauded the South African Revenue Service (SARS) of more than R5 million were granted bail of R50 000 each in the Nigel Magistrate’s Court on Monday. Clint Dixon and Leo Agbakwuru were arrested by the police’s elite crime fighting unit, the Hawks, on Friday following a probe by the SARS enforcement division. SARS believes the two ... Read More »

Zim mining firms ordered to cut power usage amid crisis

THE  Zimbabwean government has asked major mining firms to cut power consumption by up to 25 percent as it moves to ease massive power cuts that have disrupted commercial and industrial activities in the country. Zimbabwe is battling acute power shortages that have resulted in prolonged load shedding. Urban residents are going for up to 18 hours a day without ... Read More »

SA employment decreases

SA had a thousand fewer people in employment during the second quarter than in the three preceding months, Statistics South Africa said on Tuesday. “Employment decreased by 1 000 quarter-on-qaurter, from 8,945,000 in March 2015 to 8,944,000 in June 2015,” the statistics service said. It said this was largely due to decreases in the manufacturing, transport, construction and business services ... Read More »

Zimbabwean gets top ADB job

AFRICAN Development Bank president (AfDB) Akinwumi Adesina on  yesterday appointed Zimbabwean Sipho Moyo as his chief of staff. In making the announcement, Adesina said: “It gives me great pleasure to announce the appointment of Dr Sipho Moyo, a citizen of Zimbabwe, as director of cabinet and chief of staff in the office of the president.” Adesina added: “I am delighted ... Read More »

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