Business

SA interest rates unchanged
SA interest rates unchanged
The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has decided to keep the repo rate unchanged at 6.5%, in line...
Merger of SAA, Mango and SA Express firmly on the table
Merger of SAA, Mango and SA Express firmly on the table
The department of Public Enterprises is prioritising the merger of three state airlines: South African Airways, Mango and SA Express.
VBS-linked Limpopo municipalities face provincial probe
VBS-linked Limpopo municipalities face provincial probe
The Limpopo provincial treasury will be launching forensic audits into municipalities in the province that placed money with the embattled VBS...
Megaprojects to deliver houses in South Africa might not work
Megaprojects to deliver houses in South Africa might not work
In 2014, the South African government announced a new direction in housing policy. The aim was to phase...
Local government audits regress
Local government audits regress
Fruitless and wasteful expenditure across the country’s municipalities has risen 71% from the previous year, reaching R1.5-billion, Auditor General Kimi Makwetu...
Treasury slams Sars for not providing info in Makwakwa probe
Treasury slams Sars for not providing info in Makwakwa probe
Treasury has criticised the South African Revenue Service for not providing sufficient information to investigators during a probe of former...
Irregular spending by municipalities up 75%
Irregular spending by municipalities up 75%
Audit outcomes for municipalities have continued to regress, with irregular and fruitless and wasteful expenditure each ballooning more than 70%...
Markus Jooste no 'puppet master'
Markus Jooste no 'puppet master'
Allegations that former Steinhoff chief executive Markus Jooste is still a de facto director at Mayfair, or plays any role in decision-making or...
Pressure mounts for govt, private sector to put more work into financial inclusion
Pressure mounts for govt, private sector to put more work into financial inclusion
Financial inclusion is a term that is often used loosely but pressure is mounting for government and the private sector to respond with innovative...
South Africa's municipal electricity tariffs are hurting the economy
South Africa's municipal electricity tariffs are hurting the economy
South Africa’s machinery and equipment industries have recently come under huge pressure. Falling demand after the 2008 financial crisis and...
Nupsaw rejects public sector wage deal
Nupsaw rejects public sector wage deal
The National Union Of Public Service and Allied Workers (Nupsaw) has joined the Public Servants Association of South Africa (PSA) in refusing to...
EFF offering a solution to the dominance of banking's Big Five
EFF offering a solution to the dominance of banking's Big Five
The banking landscape is changing as costs to market entry fall. A relatively new entrant, Capitec, has grown from nothing into a significant...
PSA holds out on signing public sector wage deal
PSA holds out on signing public sector wage deal
The Public Servants Association (PSA) refused to...

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