No let-up in home rental price slide
In real terms, rents are down by an average of 1.2% in the first nine months of this year.
Independent political analyst Ralph Mathekga said rating agencies were worried about the pace of South African reforms – particularly the ballooning public sector wage bill.
The key economic source of pressure on the rental market has been attributed to the long-term stagnation of growth in the South African economy.
Regulating crypto trade
This includes asset exchanges and platforms, brokers and advisors.
The union has encouraged CWU members and SABC employees to continue to embark on industrial action ‘until our demands are met.’
Nigeria’s economy was last in recession in 2016, its first in more than two decades. While it emerged in 2017, growth since then has been sluggish.

Business News Fitch and Moody’s downgrade South Africa amid pandemic struggles

The government forecasts GDP to shrink 7.2 percent this year overall.

Licencing backlog puts brakes on reviving car trade

Business News Licencing backlog puts brakes on reviving car trade

A quick fix for the minister of transport, who calls himself Mr Fixit, is to extend expired licences, but instead he announced other measures that will not speed up the process.

Business News Mr Fixit needs to fix this: NADA’s open letter to Mbalula about license delays

The vehicle sales industry in South Africa can help to restart the economy, but its efforts are severely hampered by the major delays in the transport department to license drivers and cars.

Petrol thrown on Sasol fire

Business News Petrol thrown on Sasol fire

Directors will get nothing if 75% of shareholders vote against directors’ pay.

Virgin Active gets a pummelling

Business News Virgin Active gets a pummelling

Virgin Active will be watching the number of terminations in SA closely this month.

Business News Repo rate stays unchanged, but what is the real reason?

The Monetary Policy Committee (MPC) decided to keep rates unchanged at 3.5% per year, although two members of the committee preferred a 25 basis point cut.

Business News Gauteng mid-term budget: money for jobs, education, health and troubled Emfuleni

The 2020 medium-term budget policy statement for Gauteng did not set off any fireworks this morning, with education getting the biggest part of the budget. Finance MEC Nomantu Nkomo-Ralehoko also set aside an additional R1.3 billion for job creation, particularly for the youth.

Business News SABC retrenchment notices ‘premature’, says parliament

Portfolio committee chairperson Boyce Maneli says while it is acknowledged that the SABC is currently facing financial challenges, the broadcaster needs to ‘do the right thing’. 

Search is on for SA Express’ missing millions

Business News Search is on for SA Express’ missing millions

SA Express has been a underperformer over the past few years, even failing to pay employee salaries since March.

Raubex gets big Sanral contracts

Business News Raubex gets big Sanral contracts

Raubex reported last month that its Sanral order book was at a record high of R3.26 billion after dropping to only R207.6 million in February 2019.

Business News Possible investors give SA a thumbs-up

Global company SEW Eurodrive has invested billions in a water-treatment plant in Evaton township.

Business News Want SAA toothpicks, booze and oven bags? Get to the stock auction

Being kept awake by your partner’s snoring or the neighbours celebrating an ease in lockdown restrictions? Maybe go for the 8,000 sets of earplugs up for auction.

Lockdown’s impact on building supplies not so bad, experts say

Business News Lockdown’s impact on building supplies not so bad, experts say

Retail trade sales of hardware, glass and paint increased by 63% in the third quarter compared to the second quarter and was 12% up compared to the same quarter last year.

Business News Court orders insurance giants Santam to pay business claims

A full bench of the Western Cape High Court has found in favour of Ma-Afrika Hotels and Stellenbosch Kitchen against Santam after the insurance giant rejected its business interruption claims although its policies included cover for infectious or notifiable diseases.

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