It is reportedly based in the United Kingdom and is not authorised to render financial services in South Africa. 
Yuppiechef’s current stores are all in the Western Cape, and its first two Gauteng stores will bring the number of its physical stores to six.
Eskom is ‘a significant risk to the future sustainability of SA’s mining industry’, together with rising costs and uncertainty ‘around security of land tenure’.
A recent investor briefing showed that people are curious about the new bank, but careful about committing finances.
Investec, Standard Bank of SA and Absa Bank are among those involved.
The Cape Information Technology Initiative (CiTi) has trained 1,719 people and placed just over 400 people in jobs.

Business News Making sense of the outlook for SA Inc stocks

A large reason for the weak JSE has been the depressed local economy, and the GDP numbers only added to the unease about the South African environment.

Business News Suspension of Tongaat trading a potential crisis for other shares

The damage is likely to spread beyond Tongaat, with investors applying a risk premium to stated figures on other stocks.

Business News SA banks on stokvels, the country’s top savings vehicle

More than 11 million stokvel members collectively save R44 billion in 820,000 stokvels in South Africa annually.

Business News Ramaphosa arrives in Switzerland for ILO Centenary Conference

Later on Monday, the president will be hosted by ILO director-general Guy Ryder for an official luncheon.

Business News Moody’s dubs SA’s Q1 GDP contraction credit negative

It also cut its forecast for the country’s 2019 economic growth to 1.0% from 1.3%.

Business News Transnet to learn best practices in heavy haul rail operations at international conference

The company said on Monday it was steaming ahead with its vision of being part of the top five railway companies in the world.   

Business News Trade wars a drag on global economy, says SA trade minister

Ebrahim Patel has just returned from Japan where he attended the two-day G20 Joint Trade and Digital Economy Ministers.

Business News SA accountancy body blames incompetent CFOs for municipalities’ financial woes

A database shows that only 36.2% of municipalities with CFOs across the country are meeting minimum competency.

Business News China prepared to fight US ‘bullying’ to the end, says Ambassador Lin Songtian

He says Washington has departed from the principles of free trade and equality among people of the world it previously championed.

Business News Corporate scandals keep on coming

Tongaat Hulett and retailer Choppies are just two examples of embattled companies suffering from significant revenue losses and company infighting.

Business News Weak SA economy will impact retirement funds – Momentum Corporate

It is said the average retirement fund member will, therefore, have to invest more to reach their goal of a comfortable retirement.

Business News Tongaat Hulett sets up task team to avert job losses

The sugar and property giant announced recently that it was facing ‘significant business challenges’.

Business News Agriculture numbers shock

Sihlobo said a case in point was wine grapes, with a harvest down by 2% from 2018, which was already down by 14% from a longterm average harvest.

Business News How Vuyani Jarana lost a R100K bet that he wouldn’t last at SAA

The Free Market Foundation’s Leon Louw said the writing was on the wall before the outgoing CEO even started in the job.




 

 

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