Business
21.1.2019 10:00 pm
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
President Cyril Ramaphosa will lead a strong team to the 2019 WEF annual meeting as South Africa aims to ramp up international investment.
Business
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.
Business News
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.
Business
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.
Business
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.
Business
‘Reckless’: The details of Khulubuse Zuma’s provisional sequestration
A R1.5bn debt has remained unpaid, while 5,000 miners were left unemployed.
Business
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.
Business
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.
Business News
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.
Business
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.
Business News
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.
Business News
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.
Business
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.
Business News
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.
Business
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.
Business
Comair committed to resolving Numsa dispute
The airline said the salary discrepancies of 21 employees had arisen as a result of evolving airport operations.
Business
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.
Business
The party is most definitely over for SA retail
The first updates for 2019 do not bode well for investors.
Business News
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.
Business News
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.
Business News
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).
Business News
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.
Personal Finance
How to halve your home loan term
Disciplined additional payments make a big difference.
Business
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%.
Business
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.
Business
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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