Diversified economy a big selling point for SA in Davos

President Cyril Ramaphosa will lead a strong team to the 2019 WEF annual meeting as South Africa aims to ramp up international investment.

The core message that South Africa will be taking to the World Economic Forum (WEF) in Davos, Switzerland, this week, is that its diversified economy provides the basis for sustained growth and returns on invested capital.

Diversified economy a big selling point for SA in Davos
Diversified economy a big selling point for SA in Davos

Diversified economy a big selling point for SA in Davos

President Cyril Ramaphosa will lead a strong team to the 2019 WEF annual meeting as South Africa aims to ramp up international investment.

SA Institute of Professional Accountants appoints new chief executive

SA Institute of Professional Accountants appoints new chief executive

The Board said it looked forward to work closely with new CEO Shahied Daniels in a mutually beneficial manner.
WhatsApp tackles fake news by limiting how many times you can forward a message

WhatsApp tackles fake news by limiting how many times you can forward a message

The new feature was first introduced in India, where WhatsApp rumours are believed to have led to the death of at least 31 people.
Smart speakers will be 2019’s fastest-growing connected device, says Deloitte

Smart speakers will be 2019’s fastest-growing connected device, says Deloitte

Over one million 5G handsets are expected to be sold this year, expanding to 15-20 million units by 2020.
Lumwana copper mine to discuss taxes with Zambian government

Lumwana copper mine to discuss taxes with Zambian government

New mining duties, replacing VAT with sales tax, and increasing royalties from January to help reduce its rising public debt will be discussed.
‘Reckless’: The details of Khulubuse Zuma’s provisional sequestration

‘Reckless’: The details of Khulubuse Zuma’s provisional sequestration

A R1.5bn debt has remained unpaid, while 5,000 miners were left unemployed.
Mugg & Bean to be inspected for labour practices

Mugg & Bean to be inspected for labour practices

Labour inspections will be conducted at all Mugg & Bean outlets, according to the Bargaining Council for the Restaurant, Catering and Allied Trades.
World’s 26 richest own same as poorest half of humanity – Oxfam

World’s 26 richest own same as poorest half of humanity – Oxfam

The world’s 26 richest people own the same wealth as the poorest half of humanity, Oxfam said Monday, urging governments to hike taxes on the wealthy to fight soaring inequality.
SAA shuts down Blantyre operations over safety concerns

SAA shuts down Blantyre operations over safety concerns

The self-imposed sanction was the airline’s reaction to a Level 1 finding raised by Sacaa following a base inspection of SAA operations in Malawi.
Solidarity welcomes Khulubuse Zuma’s sequestration

Solidarity welcomes Khulubuse Zuma’s sequestration

The controversial nephew of the former president’s possessions will now be auctioned off, while his former colleagues are next.
Philippines’ richest man Sy dies at 94

Philippines’ richest man Sy dies at 94

The Philippines’ wealthiest man Henry Sy, who rose from being a penniless Chinese immigrant to leading a multi-billion dollar business empire, died on Saturday, his conglomerate has announced.
Brexit bullion: Fear of no-deal triggers Irish gold rush

Brexit bullion: Fear of no-deal triggers Irish gold rush

In a vault under the streets of Dublin a pot of gold owned by anxious investors is growing every day Britain edges closer to leaving the EU without a deal.
SA’s economic policies strong but lack implementation, says government official

SA’s economic policies strong but lack implementation, says government official

A trade and industry official has said the economy needed to grow at a faster pace to create job opportunities.
Malaysia says Goldman apology not enough, wants $7.5 bn

Malaysia says Goldman apology not enough, wants $7.5 bn

Malaysia’s finance minister said Friday an apology from Goldman Sachs for its role in the 1MDB scandal was not enough, and demanded the Wall Street giant pay $7.5 billion compensation.
Eskom blames coal supply shortfall on contracts ending, lack of investment

Eskom blames coal supply shortfall on contracts ending, lack of investment

The parastatal’s general manager says the country is also suffering from a ‘disruption’ from the renewable energy sector, among other factors.
Comair committed to resolving Numsa dispute

Comair committed to resolving Numsa dispute

The airline said the salary discrepancies of 21 employees had arisen as a result of evolving airport operations.
Aveng to sell non-core assets after strategic review

Aveng to sell non-core assets after strategic review

The decision to sell shares in Aveng Water and Aveng Namibia Water are part of a plan to become an international group.
The party is most definitely over for SA retail

The party is most definitely over for SA retail

The first updates for 2019 do not bode well for investors.
Davos assembly faces Brazilian populism and Brexit

Davos assembly faces Brazilian populism and Brexit

Government and business leaders trek to the freezing Swiss Alps next week for the annual Davos conclave, taking heat from a populist wave encapsulated in Brazil’s new far-right leader, trade conflicts and the looming onset of Brexit.
House Republicans join rebuke of Trump for easing Russia sanctions

House Republicans join rebuke of Trump for easing Russia sanctions

More than 130 US House Republicans joined Democrats in opposing the easing of sanctions against an ally of Russia’s Vladimir Putin.
DTI to launch R81m black-owned industrialist textile firm in KZN

DTI to launch R81m black-owned industrialist textile firm in KZN

African Bespoke Apparel was approved a funding grant of R35.5 million by DTI’s Black Industrial Scheme (BIS).
SA Reserve Bank leaves repo rate unchanged

SA Reserve Bank leaves repo rate unchanged

The repo rate is the benchmark interest rate at which the central bank lends money to other banks. 
How to halve your home loan term

How to halve your home loan term

Disciplined additional payments make a big difference.
Three things to watch out for in Monetary Policy Committee decision

Three things to watch out for in Monetary Policy Committee decision

The World Bank recently cut South Africa’s growth forecast for 2019 to 1.3% from an earlier 1.8%.
SA central bank expected to keep rates steady after November hike

SA central bank expected to keep rates steady after November hike

The SARB is unlikely to raise interest rates in January, despite three further interest rate hikes suggested to take place by the end of 2020.
Woolworths staff banned from handling customer cards

Woolworths staff banned from handling customer cards

The new restriction comes as part of a roll-out of the new point-of-sale devices implemented at the stores to mitigate card fraud.

 

 

 

 

 

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