Business News 24.5.2019 09:43 pm
Outa flags rates increases, staff costs in R50.8bn eThekwini draft budget
A full council is expected to adopt the draft budget of R50.8 billion next week.
The civil action group Organisation Undoing Tax Abuse (Outa) said on Friday it believed eThekwini Municipality's multi-year rates increases in the current draft budget were unsustainable.
Personal Finance Pinpointing the true value of financial advice
Advisors can add enormous value by being the independent, objective voice of reason that helps investors avoid the mistakes emotional and cognitive biases lead to.
Business News Eskom’s new tariff to hit Joburg’s poorest
In March, Nersa granted the power utility an average price increase of 9.41%.
Business Reserve Bank keeps repo rate unchanged at 6.75%
The Reserve Bank governor says there are numerous pressures on inflation, but it will still decline slowly for the next three years, as it has since 2017.
Business SA Express to charge former execs with fraud and corruption
South African Express (SAX) said on Thursday it was preparing to lay fraud and corruption charges against some of its former executives.
Business eMedia Holdings swings into R117m profit despite loss-making Openview
eMedia Holdings owns a 67.69 percent interest in eMedia Investments, the company that owns e.tv, eNCA and Openview.
Business PwC southern Africa appoints first female CEO
Accounting firm PwC said on Wednesday it had appointed Shirley Machaba as its new chief executive officer for southern Africa effective from July 1, the first black African woman to be appointed in this role.
Business African audit regulators collaborate to strengthen regional oversight, restore confidence
Work is underway to align legislation, regulation and information-sharing across the region regarding the oversight of auditors and accountants.
Business Fuel prices mostly to blame for increase in cost of living
The 7.4% rise in transport costs have had an impact on the prices of all other categories of goods and services, as just about everything needs transport to reach consumers.
Business Suspended CEO of Botswana supermarket chain confident of vindication
Choppies did not say why it suspended Ramachandran Ottapathu, but the move comes as legal and forensic investigations take place at the company.
Business News Sasol’s Lake Charles project costs balloon by another $1bn
The latest revision to the budget is much pricier than the initial $8.9 billion shareholders expected when the project started in October 2014, but Sasol remains confident.
Business News Oakbay’s debt troubles worsen
Firm is opposing the liquidation and argues it doesn’t owe the money claimed.
Business News NUM members end underground sit-in at Chinese mine in NW after five days
At least 69 NUM members staged an underground sit-in at No. 7 Shaft on Saturday morning, demanding an eight percent salary increase.
Business News Black Business Council urges Ramaphosa to spearhead economic recovery, renewal
Sandile Zungu, BBC president, said that they were confident that Ramaphosa will also focus on ensuring that the era is free from state capture and corruption.
Business News Fourth Red Bull Amaphiko Academy kicks off Durban
The academy is apparently the perfect springboard for any social entrepreneur looking to make a change in their community.
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