Business In The News South Africa

Gigaba announces MTBPS date, says Treasury will manage government debt

JOHANNESBURG, September 11 – Finance Minister Malusi Gigaba on Monday announced that he would deliver his inaugural Medium-Term Budget Policy Statement (MTBPS) next month on October 25. The MTBPS is a government report providing information on the country’s economic context, fiscal objectives, and spending priorities over a three-year period. “We will outline what we will […]

Business In The News South Africa

Metered taxis and Uber clashes will turn away tourists – Minister Xasa

JOHANNESBURG, September 11 – Tourism Minister Tokozile Xasa on Monday warned that violent clashes between metered taxis and rival E-Hailing company, Uber, could deter tourists from visiting South Africa. On Thursday night metered taxi drivers allegedly torched two Uber cars in Sandton. Uber drivers reportedly retaliated by setting alight a metered taxi in the same […]

Business In The News South Africa

Consumer commission timeshare hearings move to NCape, FState

JOHANNESBURG, September 11 – The National Consumer Commission (NCC) will host public hearings in Kimberley and Bloemfontein this week to hear oral testimonies from consumers who are aggrieved about holiday club products and services. The NCC has launched a nation-wide inquiry into the holiday ownership “timeshare” industry to address what has become long-standing consumer issues […]

Business In The News South Africa

FutureSA welcomes IoDSA’s decision to suspend co-branded activities with KPMG

JOHANNESBURG, September 9 – Future South Africa (FutureSA) has welcomed the decision by the board of the Institute of Directors in Southern Africa (IoDSA) to suspend all co-branded activities with auditing firm KPMG. “The decision will see IoDSA temporarily suspend activities involving KPMG’s sponsorship of its golf day and KPMG’s involvement in the Audit Committee […]

Africa Business In The News South Africa

Chamber of Mines says it has lost confidence in Zwane’s leadership

JOHANNESBURG, September 8 – The Chamber of Mines on Friday said that its members have lost confidence in the Minister of Mineral Resources, Mosebenzi Zwane, and his leadership, saying that the department’s failures have had material costs in the industry. The Chamber’s chief executive, Roger Baxter, said that key governance and policy challenges in South […]