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Evan Pickworth

Minister’s review of earnings threshold stuns lawyers

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The labour minister's decision to review the earnings threshold -- which decides who enjoys certain employment benefits -- has surprised lawyers.

SA business tourism gets R1.6bn injection

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South Africa has secured over 200 international conferences, which Tourism Minister Marthinus van Schalkwyk says will provide a boost of R1.6-billion.

Mathews Phosa calls for continuity on nationalisation

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ANC treasurer-general Mathews Phosa says certainty on the issue of nationalisation is needed and this can only happen by having a unified voice.

New Companies Act could yield more lawsuits

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More litigation around the fair value of offers could be seen due to the takeover regulations of the new Companies Act, say attorneys.

Bank cyber fraud more lucrative than drugs trade

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New forms of fraud are emerging that are making bank cyber fraud even more lucrative than the drug trade, says an auditing expert.

SA net retirement savings highest since 2002

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The latest survey done on retirement shows a positive trend in South Africa of retirement savings having reached their highest levels in a decade.

MTN primed for ‘opportunistic’ deal-making

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MTN is positioned to take advantage of opportunistic deal-making activity due to the high levels of cash on its books, the company has said.

Foreign investment in Africa on rise

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New projects in Africa are expected to enjoy strong growth from next year, with inflows of foreign direct investment forecast to reach US$150-billion.

Marcus moves into Reserve Bank hot seat

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Incoming Reserve Bank Governor Gill Marcus faces her first test as the market expects a decision on the dates of MPC meetings to be held in 2010.

Gordhan concerned that rand too strong

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South Africa's Finance Minister, Pravin Gordhan, said on Tuesday that he is concerned about the strong and uncompetitive levels of the rand.

Fiscal deficit expected to widen significantly

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South Africa's fiscal deficit is expected to have widened significantly to -7,6% of GDP in the 2009/10 fiscal year from projections of -3,8%.

Tax revenue seen down R70bn

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Total South African tax revenue in 2009/10 is projected to be R70,3-billion below the forecast presented in February at R589-billion.
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