Economy

Taxpayers Wait for Gordhan’s Statement

Taxpayers Wait for Gordhan’s Statement

Taxpayers will probably learn tomorrow that in case they are encountering elevated levels of taxes in the fiscal year to follow. The coming Friday, motorists are likely to hear that starting next year, they will have to pay increased prices for petrol, which will be cleanly the fourth monthly increase in a row.

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RDP Residents Being Threatened to Leave

RDP Residents Being Threatened to Leave

Foreigners residing in Alexandra are being pushed to evacuate the place by the protestors of Alexandra Bonafides Movement. The group on Thursday caused havoc in the RDP houses as they issued pamphlets and notices asking foreigners to leave the housing immediately.

While addressing to the government, the movement leader, Duma Kulashe said, "We are trying to make it clear to government and everybody else that we are not for xenophobia, we just want our houses". At present, the group is in talks with Attorney so that they could tackle situation effectively.

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ANCYL to Hold Protest for Employment for Young People

ANCYL to Hold Protest for Employment for Young People

In what seems like South Africa's major political fiasco, President Jacob Zuma's observation of the affairs of the African National Congress (ANC) comes across as sad. Zuma said that the problem of division and ill-discipline in the ANC had reached new levels.

Cosatu General Secretary Zwelinzima Vavi warned that the alliance was being portrayed by divisions and fast forming cliques and cabals, pigeonholing of unsuspecting individuals, innuendos, gossip, back-stabbing, character assassination, political assassination and even physical assassination.

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Sales Distortion Made Retail Sector to Show Growth By 7%

Sales Distortion Made Retail Sector to Show Growth By 7%

International news was flashing only one thing, that South Africa has showed tremendous improvement on retail front, and has witnessed rise in its sale by 7%.

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Donen Commission’s Report Sparks Controversy

Donen Commission’s Report Sparks Controversy

The announcement that the controversial report of the Donen Commission surrounding the role of South Africans in the Iraq oil-for-food programme has sparked controversy. It has been confirmed that the report could derail the reputation of bosses of the ANC and the main threat would on Deputy President Kgalema Motlanthe and Minister for Human Settlements Tokyo Sexwale.

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Employment Rates See a Rise in South Africa

Employment Rates See a Rise in South Africa

It has been revealed in recent reports that the rate of employment in South Africa has apparently gone up by 7.7%. These are the statistics about the informal employment sector of the nation. This has resulted in making South Africa a hub for future investment opportunities.

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Zimbabwe Might Be the New Investment Hub

Zimbabwe Might Be the New Investment Hub

It has been revealed in recent reports that Zimbabwe could soon see an upsurge in the number of investments being made. They might soon witness a surge in the number of huge retail chains coming to their country from South Africa. This might be able to occupy space at the huge shopping emporium being constructed in the country by McCormick Property Development and Augur Investments.

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Petroleum Subsidies Could Derail Economic Growth

Petroleum Subsidies Could Derail Economic Growth

It seems that financial scarcity is pinching the organized private sector to an extent that voices are being heard to dissolve the so called subsidies offered to general public in petroleum products. The Federal Government has shown interest in loosening the controls over the private sector.

National Assembly Says No To Proposed Budget

National Assembly Says No To Proposed Budget

It has been reported that the National Assembly of Nigeria has refused to pass the proposed budget of President Goodluck Jonathan. The lawmakers have urged to redraft the proposed budget under proper consultation.

It has come to light that President Goodluck Jonathan proposed to add further funds to the budget so that the goals of the ministries of Niger Delta Affairs, Federal Capital Territory Administra-tion, Federal Ministry of Agriculture and Rural Deve-lopment, Federal Ministry of Education, Police Formations and Com-mands and Federal Ministry of Justice could be met.

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Ethos: New Shareholders of Universal Industries Corporation

Ethos: New Shareholders of Universal Industries Corporation

Ethos, a private equity firm, has taken a step further to make its position stronger in the market by acquiring South Africa’s Universal Industries Corporation for ZAR 1.3 billion.

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