Business News 19.10.2018 02:22 pm

SA has highest youth unemployment in the world

According to a book published by the Economist, the number of South African young people without jobs is shockingly high.

According to The Economist's Pocket World in Figures, South Africa has the highest rate of unemployment for young people in the world.

SA has highest youth unemployment in the world
SA has highest youth unemployment in the world

SA has highest youth unemployment in the world

According to a book published by the Economist, the number of South African young people without jobs is shockingly high.

SA automotive sector remains successful despite difficult economic climate
Business

SA automotive sector remains successful despite difficult economic climate

Industry executive says the vision for the South African Automotive Master Plan 2035 is to increase local content by 60% and grow employment by 100%.
Has Sars disallowed your medical expense claim?
Business

Has Sars disallowed your medical expense claim?

The taxman generally allowed a medical tax credit for ‘claims not recovered from the scheme’ when individuals submitted their tax returns.
Government ready to woo potential investors for SA Investment Conference
Business

Government ready to woo potential investors for SA Investment Conference

The state wants to unlock investment from JSE-listed and Fortune 500 companies to grow the local economy and create jobs.
Zim Bollar: A guide to Zimbabwe’s black market
Business

Zim Bollar: A guide to Zimbabwe’s black market

In only two months an anonymous Twitter account about the country’s real money situation has grown to more than 21,000 followers.
Sasol benefits from higher oil prices, weaker rand
Business

Sasol benefits from higher oil prices, weaker rand

Sasol said it had seen higher productivity across most of our operations with an increased focus on safety, margins and cost control.
Net1 accused of overstating financial losses in Sassa fee negotiation
Business

Net1 accused of overstating financial losses in Sassa fee negotiation

The company’s plea for an increase to its social grant payments fee might be undermined by its profits.
PIC inquiry not just about Dan Matjila
Business

PIC inquiry not just about Dan Matjila

Inquiry’s terms of reference in probing governance, corruption and mismanagement at the continent’s largest money manager are far-reaching.
Sars presents its annual report to Parliament
Business

Sars presents its annual report to Parliament

The taxman is ‘going in the right direction’, while ‘facing choppy seas’, says acting commissioner Mark Kingon.
Mr Price group CEO to retire, company says
Business

Mr Price group CEO to retire, company says

Stuart Bird has taken the brand to a market capitalisation of more than R60 billion.
Changing competitiveness poses challenges for future of global economy
Business

Changing competitiveness poses challenges for future of global economy

Many of the factors that will have the greatest impact in driving competitiveness have never been the focus of major policy decisions in the past.
South Africans not starting to save for retirement early enough – survey
Business

South Africans not starting to save for retirement early enough – survey

Just 7% of respondents said they had a proper retirement plan and were executing it.
Ex-KPMG executive pleads guilty to fraud in US
Business

Ex-KPMG executive pleads guilty to fraud in US

The official was charged after the company improperly learned which audits government regulators planned to review.
Gigaba’s rules have really hurt my business
Business

Gigaba’s rules have really hurt my business

Families lose money, dream holidays turn into nightmares, tourists are going elsewhere.
Sibanye inches closer to completing R5bln acquisition of Lonmin Plc
Business

Sibanye inches closer to completing R5bln acquisition of Lonmin Plc

Last December, Sibanye offered R5.17 billion for Lonmin in a deal that would create the world’s second-largest platinum producer.
SA R1 trillion poorer due to the ‘Zuma years’, report finds
Business

SA R1 trillion poorer due to the ‘Zuma years’, report finds

SA went through a period of economic stagnation between 2010 and 2017 that an economist has called ‘lost years’.
Creditors call the shots at Steinhoff
Business

Creditors call the shots at Steinhoff

As management asks for an extension on the lock-up agreement.
Visa travails still ‘crippling SA tourism’, travel agencies
Business

Visa travails still ‘crippling SA tourism’, travel agencies

The minister of home affairs’ failure to scrap the controversial visa requirements for children is ‘ruining SA’s reputation as a tourist destination’.
SA could face another VAT increase, say experts
Business News

SA could face another VAT increase, say experts

Shortfalls in tax revenue could lead to another VAT increase as SA battles through a technical recession.  
Pretoria High Court says banks are abusing the justice system
Business

Pretoria High Court says banks are abusing the justice system

Banks are clogging the system by bringing cases to the high court that properly belong in the lower courts.
Discovery Life divulges personal details of around 1,000 clients
Business

Discovery Life divulges personal details of around 1,000 clients

Life insurer in possible breach of FAIS code of conduct, says legal expert.
South Africa ranks worse than Russia in economic freedom
Business

South Africa ranks worse than Russia in economic freedom

South Africa, revered as one of the world’s freest countries in 2000, has taken a monumental tumble in the latest global ranking.
Mboweni resigns from Discovery
Business

Mboweni resigns from Discovery

The finance minister was appointed to the board of the company in 2014.
Grand Parade chairman declares war against shareholders
Business

Grand Parade chairman declares war against shareholders

Hassen Adams claims that there is a group of shareholders attempting a hostile takeover.
SA’s Infrastructure Fund needs to generate revenue for it to be sustainable
Business

SA’s Infrastructure Fund needs to generate revenue for it to be sustainable

IRDC director says the fund needs to look at infrastructure assets as revenue-generating assets.

 

 

 

 

 

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