Business Report

Four sources of financing for women entrepreneurs in SA

Written by on 28 March 2024

Entrepreneurship is a vital part of South Africa’s business world, with small businesses providing essential employment opportunities and providing millions of people with viable livelihoods. For a number of reasons, including the fact that women have been found to reinvest more of their income into the health and education of their children and the community, […]

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Breaking down costs: Average cost of household food basket rises to R5,227.93

Written by on 28 March 2024

The average price of a household food basket for the month of March is R5,227.93. This information is based on data from the Pietermaritzburg Economic Justice and Dignity Group’s (PMBEJD) Household Affordability Index, which monitors food price data from 47 supermarkets and 32 butcheries across Johannesburg, Durban, Cape Town, Pietermaritzburg, Mtubatuba, and Springbok. Read the […]

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Makro workers set for 10-day strike after Massmart negotiations collapse

Written by on 27 January 2023

Negotiations between the two parties collapsed multiple times since the 2022 wage negotiation cycle began in March. Makro workers affiliated with the South African Commercial, Catering and Allied Workers Union (Saccawu) are expected to begin its 10-day strike on Friday after talks collapsed between the union and retail giant Massmart. Negotiations between the two parties […]

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MPC’s fiscal policy needs to accommodate the public – economist

Written by on 25 January 2023

Economists are predicting another rate hike, after six increases to the repo rate in 2022. Economist Dale McKinley said that the country’s Monetary Policy Committee (MPC) needed to adopt a better fiscal policy that would accommodate the public. His remarks come as the committee enters day two of its three-day meeting before Friday’s announcement of […]

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City of Cape Town now allowed to buy power back from private suppliers

Written by on 25 January 2023

Mayor Geordin Hill-Lewis welcomed Treasury’s decision to exempt the city from competitive bidding or tendering to buy power from homes and businesses. Efforts by the City of Cape Town to become the first “load shedding” free metro are gaining traction, as it’s now allowed to buy electricity back from private suppliers. “We have exemption and […]

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CoCT to spend at least R100m on generators to keep services functioning

Written by on 20 January 2023

Cape Town Mayor Geordin Hill-Lewis said that 110 generators would be installed at municipal assets across the city to keep its offices open and utility services like water purification systems and sewer pumps, operating. The City of Cape Town will be spending at least R100 million on generators to keep its services functioning during power […]

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SPAR CEO TO STEP DOWN AS LAW FIRM REPORTS WIDESPREAD FRAUD, BEE LOAN FRONTING

Written by on 18 January 2023

A legal firm was appointed to probe, among other issues, allegations Spar wanted to use their BEE loans to bail out white retailers. Retailer Spar says CEO Brett Botten will step down at the end of January, while former board chair Graham O’Connor will be leaving in February. The leadership change comes after Spar was hit […]

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