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SA unemployment remains high

 August 7  2017 – THE unemployment rate for the second quarter of 2017 has remained unchanged at 27.7 percent quarter-to-quarter, but increased by 1.1 percentage points year-on-year, Statistics South Africa (StatsSA) said on Monday.  StatsSA released the results of the Quarterly Labour Force Survey (QLFS) on Monday, which indicated that employment in the second quarter of 2017 declined by 113 000 to approximately 16.1 million.  ... Read More »

Zim suspends import duty on soyabeans

August 06 2017 – THE Zimbabwean Minister of Finance, Patrick Chinamasa,  has suspended duty on hydrogenated soya bean oil for a year with effect from July 1, 2017, according to the government gazette. Hydrogenated soya bean oil is used to produce margarine, cooking oil, salads. So far, Olivine Industries  is the only approved hydrogenated soya bean oil importer to benefit ... Read More »

Price of SA fuel to go up

July 30 – THE price of both 93 and 95 octane unleaded petrol (ULP) and lead replacement petrol (LRP) will increase by 19c/l in August,  says the energy department. The price of diesel 0.05 percent sulphur will increase by 29c/l and the price of 0.005 percent sulphur will increase by 30c/l. “International factors include the fact that South Africa imports both ... Read More »

Probe on high data for SMEs

July 24  2017– THE probe on the cost of data, will focus on how it has had limitations in particular on small to medium sized enterprises, says SA Finance Minister Malusi Gigaba . “We believe that further reforms in the telecommunications sector would be supportive of entrepreneurs and small businesses through reduction of costs to do business,” says Gigaba today ... Read More »

Decrease in interest rate good for economy – FNB

July 21  2017 – ECONOMISTS have welcomed the decreased interest rates, saying that it would have a positive impact on many sectors of the economy, including agriculture, investment, and franchising, today. This comes after the SA Reserve Bank (Sarb) announced on Thursday, that the Monetary Policy Committee had decided to reduce the repurchase rate by 25 basis points, to 6.75 ... Read More »

SAB to expand operations

July 12  2017  SAB, SA’s  largest brewer,  will be  investing R2.8 billion in  expanding  two of its breweries in, Alrode in the south of Johannesburg and Rosslyn, outside of Pretoria.   SAB said the expansions would include a new packaging line for returnable glass bottles at both breweries and a brewhouse at Rosslyn, and will create up to 70 additional ... Read More »

JSE cost cutting threatens jobs

July 09 2017 – THE Johannesburg Stock Exchange (JSE) has come up with  a number of initiatives aimed at reducing annualised costs of by millions of rand.  This entails  a reduction in the JSE’s technology operating expenditure by a minimum of R70 million over a two-year period, and a consultation process in terms of section 189A of the Labour Relations Act. ... Read More »

ANC to tackle land issue

July 4  2017  – AFTER 23 years  in power the ANC, realises that it needs to  to things differently, particularly on the land question, says  Small Business Development Minister and head of the ANC’s drafting committee, Lindiwe Zulu, on (today) Tuesday. “In the main, people are pushing us only on to this subject of radical economic transformation, but the debates ... Read More »

No more data charges for FNB banking app

June 29  2017 – FNB announced on Thursday it has slashed data charges for its banking app, meaning that customers who use its banking app will no longer need data to access it via their smartphones from 1 July. This follows an agreement with all major mobile network operators in South Africa to zero rate access to the FNB Banking ... Read More »

ZSE run continues

June 25  2017  – THE  Zimbabwe Stock Exchange’s main industrial index advanced 0,57 percent to close the week on 191,15 points, pushed by slight gains in heavyweight counters.  The while the mining index was also in the black, gaining 0,23 percent to settle at 69,79 points. Market capitalisation increased by 0,56 percent to $5,56 billion from $5,53 billion recorded in ... Read More » • Free Website Templates - Downlaod Full Themes
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