In The News South Africa

Youth Employment Service will improve young people’s prospects of employment – Ramaphosa

JOHANNESBURG, March 27  – South African President Cyril Ramaphosa said on Tuesday that the Youth Employment Service (YES) will improve young people’s prospects of finding employment and would help to build a more inclusive and sustainable economy. Ramaphosa was speaking at the launch of the Youth Employment Service, an initiative between business, government, labour, civil society […]

Business In The News South Africa

SA steel and engineering industries welcome Absa’s November Purchasing Managers’ Index

JOHANNESBURG, December 1 – The Steel and Engineering Industries of Southern Africa (SEIFSA) on Friday welcomed the latest preliminary data released by the Absa Purchasing Managers’ Index (PMI), which indicated an improvement in overall business activity in the manufacturing sector.   The PMI data released on Friday improved from 47.8 percent in October 2017 to […]

Business In The News South Africa

Government has no intention of amending Constitution on SA Reserve Bank’s mandate

CAPE TOWN, July 5 – Finance Minister Malusi Gigaba has instructed legal counsel to institute judicial review proceedings in a bid to have Public Protector Busisiwe Mkhwebane’s findings and remedial action on Absa Bank and the SA Reserve Bank (Sarb) set aside, his office announced on Wedneday afternoon. In her report titled “Alleged Failure to […]

Business In The News South Africa

Tito Mboweni wages in on Public Protector’s findings against Absa

JOHANNESBURG, June 20 – Former governor of the South African Reserve Bank (Sarb), Tito Mboweni, on Tuesday waged in on the Constitutional amendment into the powers of Sarb as proposed by the Public Protector, saying that they were too fundamental. This comes after Public Protector Busisiwe Mkhwebane on Monday criticised Sarb for failing to recover R1.125 […]