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SAA snubs meeting with Scopa and Gordhan

Business Chris Gilili -

MPs express frustration at the shoddy work done by the dysfunctional, broke airline and its rescue practitioners, calling their no-show ‘unacceptable’

Carbon tax to curb big polluters

Business Tunicia Phillips -

Other steps to fight climate change include improved reporting, monitoring and laws

Covid steals jobs, equality from women

Business Tshegofatso Mathe -

PwC’s Women in Work Index says governments and businesses must tackle causes of inequality

NSFAS funds, jobs for youth dry up

Business Sarah Smit -

The already turbulent labour market could see more strain if aspiring students lose out

Rapid inoculation will decrease SA’s jobless rate

Business Tshegofatso Mathe -

Research by retail bank BNP Paribas estimates that unemployment will linger for longer in emerging markets

South African economy contracts 7% in 2020 amid Covid-19 slump

Business Sarah Smit -

But the country’s GDP growth in the fourth quarter of last year shows positive signs of recovery, at 6.3%

Covid triggers crypto collectables boom

Business Sarah Smit -

These one-of-a-kind digital collector’s items are being sold for unprecedented prices

Millers pay for duty-free wheat quota

Business Tshegofatso Mathe -

The South African Revenue Services didn’t gazette the EU quota rates for about month, with no reasons given – and then suddenly published them

Austerity budget unpacked

Business Sarah Smit & M&G Data Desk -

The finance minister has said it’s not an austerity project. But the numbers and economists disagree

Will job creation schemes fix the unemployment crisis?

Business Sarah Smit -

Experts say there is no evidence yet to show that government-funded employment schemes work long term

Come what may, the UIF will pay

Business Sarah Smit -

The fund – the main safety net for unemployed workers – will run at an almost R20-billion deficit

Financial sector increases its government debt to 22%

Business Tshegofatso Mathe -

The banking sector will be in a vulnerable position if the national treasury does not stabilise its debt

Remote working: Bosses want ‘bums on seats’

Business Tshegofatso Mathe -

Many workers, including managers, like working remotely, but research shows it can be tough on most other employees.

Corporate tax cut will be revenue neutral — Momoniat

Business Emsie Ferreira -

The surprise 1% reduction will result in a wider, more compliant corporate tax base, according to Ismail Momoniat

Tito’s budget tries to boost economic growth and arrest debt

Business Tshegofatso Mathe -

Government spending has reached a record 41.7% of GDP, and the budget deficit has widened from 5.7% in 2019 to an estimated 14%

In a bizarre twist VBS liquidators sue KPMG for R863mn

Business Khaya Koko -

In filed court documents, the VBS liquidators are blaming auditing firm KPMG’s negligence for the alleged looting of the bank

Snip, snip: Mboweni eyes wage bill, other future spending cuts

Business Sarah Smit -

Last year, the finance minister noted that increased government spending has failed to promote growth over the past decade

Budget: Mboweni pegs recovery hopes on vaccine efficacy, lower public wage increases

Business Emsie Ferreira -

The treasury forecasts 3.3% growth, but warns this will fall to 1.6% if the fledgeling vaccination programme fails to stem successive Covid waves

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