Business
SA wine 'paradise' finds success by going its own way
Vineyards in Hemel en Aarde are carving out a global reputation among wine lovers seeking a fresh, distinctive flavour.
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India exits recession with 0.4% quarterly growth
The country has struggled to claw back lost ground after a stringent, months-long lockdown caused the labour market to collapse and the economy to contract by nearly a quarter between April and June.
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Dire times: SAA staff tell of struggles making ends meet without salaries
Last year, over 3,000 workers accepted voluntary severance packages as part of the airline's business rescue plan. But those who stayed with the airline said that they had not received salaries since May last year.
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Informal traders want govt promises of support to township business realised
On Wednesday, Finance Minister Tito Mboweni announced the multi-billion rand investment to help hundreds of small businesses in townships and rural areas.
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Slow vaccine rollout could hamper SA’s economic recovery – Treasury
Finance Minister Tito Mboweni and Treasury officials have been briefing Parliament's finance and appropriations committee on the 2021 budget on Thursday.
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Liquidator: Prasa may get 'something' from R2.6bn it paid Swifambo for trains
But he said the liquidators were negotiating a settlement that would benefit the state-owned enterprise for up to R1.5 billion.
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A dud Budget Speech: Black Sash not pleased with low increase on social grants
The organisation has criticised the low increase in social grants.
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Cosatu: Mboweni failed to acknowledge govt debt to workers in Budget Speech
The trade union federation told journalists at a media briefing on Thursday following its three-day meeting that the ongoing public sector wage dispute is a binding contract that cannot simply be wished away.
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Marc Sacks details how the R80 million paid to ANC came about
Speaking at the state capture commission on Thursday, Sacks said Mashaba had stated that he paid the money but he was not sure if the money reached the party.
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Cope blames criminal justice after Auswell Mashaba fails to appear before Zondo
This follows the failure by the former director of Swifambo Rail Auswell Mashaba to appear after he was summoned to testify on Wednesday.
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Alcohol, tobacco industries 'shocked' as prices hiked on booze, cigarettes
During his 2021 Budget speech on Wednesday, Finance Minister Tito Mboweni announced that drinkers and smokers will be paying 8% more.
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Cosatu slates Mboweni budget as ‘disconnected from reality' and 'pro business'
Cosatu has criticised what it called Treasury’s failure to speed up economic development in order to create jobs, focus on supporting rural and township economies, and access to services.
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Sars' Kieswetter not concerned by Treasury not adding new tax collection streams
Commissioner Kieswetter said that despite there not being substantive tax hikes, there was still wiggle room to improve the efficiency of collection.
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Mogajane: Govt wants to avoid public servant salary cuts at all costs
National Treasury Director-General Dondo Mogajane said that the economy had to grow and freezing public servants' wages was not enough.
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Sin tax hikes in the interest of health, explains Mboweni
The increase in excise duties on cigarettes and alcohol was fairly predictable, with Minister Tito Mboweni explaining their decision as one not only motivated by raising, but also in the interest of health.
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Govt to pull together all resources to pay for vaccine roll-out - Mboweni
Treasury has stressed the importance of a smooth vaccine roll-out, with no stops and starts to break the cycle of a surge in infections and lockdowns to curb them.
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Mboweni's budget dishonest, unaspiring, say opposition parties
The Democratic Alliance (DA)'s Geordin Hill-Lewis said that it was concerning that Mboweni did not mention what would happen to state-owned entities such as South African Airways (SAA).
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Mboweni walks the talk on pledge to halt bailouts to troubled SOEs
While South African Airways (SAA) will this year get R4.3 billion and Eskom more than R31 billion, this was money that was allocated in previous budgets and cannot be classified as new bailouts.
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Swifambo boss Mashaba admits to paying ANC R80mn from Prasa tender
Deputy Chief Justice Raymond Zondo has instructed the secretary of the commission to lay a criminal complaint against Auswell Mashaba.
