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Nedbank features negatively in state capture report; Standard Bank defends itself

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So far, one of South Africa’s ‘big four’ banks faces a serious allegation levelled in the Zondo report — and more revelations may follow

Brace for above inflation electricity hike and municipalities’ power grab

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The price of electricity could go up by 20.5% in April and an upcoming court bid could see users paying surcharges to municipalities

Gauteng’s property market lags other metros

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Broker survey shows bleak prospects for Gauteng in 2022 as coastal areas lead in commercial, retail and industrial property

Tongaat claims R450-million from former executives

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The group also wants to recoup $9-million in fake sugar sales in Zimbabwe

Precision is key for the economy in 2022

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The year ahead must focus on a fiscal reform interventions, capacity-building and more intentional projects towards poverty eradication

China and Omicron are the wild cards for the global economy and financial markets

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Lockdown restrictions will continue to disrupt global value chains and support rising inflation that will require aggressive rate hikes

South African Institute of Chartered Accountants investigates ‘clueless or dishonest’ Kwinana

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Yakhe Kwinana, the former chairperson of SAA Technical, has been asked to make representations to Saica, but has not responded

2022: A return to normality or more economic uncertainty?

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Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track

Business isn’t bad – if you’re big

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Large corporates have thrived during the pandemic to the detriment of the workforce

An Eskom-free future is on the cards

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Corporates are already wheeling electricity and planning alternative power plants, and many households are using a mixture of energy sources

Eastern Cape’s First Automobile Works factory goes back on its word

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Workers on strike for a ninth week at a vehicle manufacturer in Gqeberha have accused the company of flip-flopping during negotiations for better wages and medical aid contributions.

Shell shareholders support move to the UK

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Shell will be the second big firm to depart for London after Unilever last year

Eskom moving away from monopoly it has held for 99 years, De Ruyter says

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Eskom’s unbundling is underway, with the transmission unit of the utility set to be operational in 2022 as a wholly owned subsidiary

Covid-19’s work-from-home plans hit Gautrain

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Bombela says a rebound hinges on vaccine and return-to-work developments and that money from government to cover the shortfall is capped

South Africa’s growing social unrest proving as big a threat to growth

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Third quarter GDP numbers have interrupted a four quarter economic growth streak because of the July unrest.

July protests take their toll as economy shrinks by 1.5%

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The largest drops in the third quarter were in the agriculture sector, trade and manufacturing.

MTN staff members who refuse vaccination will be fired

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MTN has joined the list of companies that have made vaccines mandatory

Decline in demand for office space continues

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Many companies are revising their requirements as the pandemic continues to upset business plans
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For all the latest information and advice from the Department of Health relating to Covid-19, please visit sacoronavirus.co.za

 
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