InterWeb SA

How to launch an online business in South Africa

Launching an online business is no longer the technical challenge it once was. With basic computer skills and an Internet connection, entrepreneurs and business owners can sell various products and services through the web. There are limitations to consider, of course. If you are selling a product that needs to be sent via courier to …

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Eskom forecast shows load-shedding for the next 3 months

Eskom is planning for electricity generation shortages of no less than 1,000MW every week over the next three months. This is according to a report in Rapport. The newspaper also stated that Eskom is pushing ahead to increase electricity tariffs by 15% in 2021. This follows a recent High Court case which determined that the …

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Ramaphosa wants answers over military jet used as an Uber by ANC officials

President Cyril Ramaphosa has ordered defence minister, Nosiviwe Mapisa-Nqakula, to provide him with a detailed report on the circumstances that led to the her sharing a flight Zimbabwe, with a senior delegation of ANC leadership. The minister used an Air Force VIP plane this week to give ANC members – including social development minister Lindiwe …

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What to expect from a possible move to level 1 lockdown next week: report

South Africa could move to level 1 lockdown next week, when president Cyril Ramaphosa addresses the nation as promised during a recent meeting with the South African National Editors Forum (Sanef). Citing senior officials, who are privy to meetings at the National Coronavirus Command Council, City Press reported that the move to the lowest lockdown …

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SABC at risk of collapse

The City Press has reported that the SABC is in deep financial trouble – and the broadcaster is on the brink of collapse. Citing confidential documents, the City Press said revenue for the previous financial year was well below budget. This year it is expected to be R2 billion. This forced the state broadcaster to …

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Get ready for lockdown level 1

President Cyril Ramaphosa is expected to announce that South Africa will move to lockdown level 1 in the near future when he addresses the nation next week. There was no significant change in the infection rate when moving from level 3 to level 2, which is informing the potential move to level 1. Ramaphosa said …

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Want to withdraw retirement funds on emigration? National Treasury and SARS say try again in 3 years

The National Treasury published the Draft Taxation Laws Amendment Bill, 2020 (Draft Tax Bill) for public comment. One of the more contentious proposals in the Draft Tax Bill relates to the ability of people emigrating from South Africa to access amounts in their pension preservation fund, provident preservation fund and retirement annuity fund (retirement funds) …

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South African gangs steal 10 million litres of fuel

Criminal gangs have stolen 10 million litres of fuel in the past year in South Africa, according to a report by the Sunday Times. The gangs achieved this by targeting pieces of Transnet’s 3,200km underground pipelines, which transport petrol, diesel, gas, crude oil, and aviation fuel across the country. The report added that the losses …

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International travel to be opened “very soon” – Minister

Transport Minister Fikile Mbalula said opening international travel is top of their agenda, but it will be done following global benchmarks. Mbalula made these comments during an inspection of the O.R Tambo International Airport to assess adherence to COVID-19 regulations and directions. This inspection follows complaints received by the Minister on lack of compliance to …

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South Africa’s major ‘transformation’ law is coming – these are the planned changes you should know about

The Department of Employment and Labour has introduced the Employment Equity Amendment Bill to the National Assembly, promising a shake-up of the country’s employment equity laws, says Bradley Workman-Davies, director at law firm Werksmans Attorneys. Workman-Davies said that the current Employment Equity Act already provides for affirmative action measures to be introduced for some employers. …

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