South Africa’s Covid grant extension will cost R27 billion
Finance minister Tito Mboweni says Treasury will need at least R27 billion to reinstate the R350 Covid-19 Social Relief of Distress (SRD) grant. Source: BusinessTech
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Nearly 1,000 businesses closures in South Africa in the first half of 2021 – these are the industries most affected
The latest data from Statistics South Africa shows that close to 1,000 businesses have been liquidated in the first half of the year. Source: BusinessTech
ANC economic head admits that government has dropped the ball
South Africa’s economy has been in a bad shape since 2015, with the situation made worse by the Covid-19 pandemic, says the ANC’s head of economic transformation Enoch Godongwana. Source: BusinessTech
Why cryptocurrency arbitrage is a great way to make passive income
OVEX’s cryptocurrency arbitrage takes all the complications out of your hands, meaning you can make trades in just a few clicks. Source: BusinessTech
Deadline approaches for driver licence renewals in South Africa
The Road Traffic Management Corporation (RTMC) has urged motorists to renew their licences before the end of August grace period deadline. Source: BusinessTech
Microsoft tops estimates; Azure growth trend spooks investors
Microsoft Corp reported sales and profit that exceeded analysts’ estimates for a 10th straight quarter, sending shares higher after some investors were initially spooked by signs of slowing growth in the software giant’s Azure cloud-computing business. Source: BusinessTech
Things you need to know about internet speeds
Understanding this Internet speed lingo will help you pick the right Internet package and lets you check if your service provider is giving you what you’re paying for. Source: BusinessTech
Projections show South Africa as having one of the slowest post-Covid economic recoveries
Global economic prospects have diverged further in 2021 with vaccine access emerging as the principal fault line, says the International Monetary Fund. Source: BusinessTech
These are the companies that students in South Africa most want to work for
The South African Graduate Employers Association has published its list of the leading graduate employers for 2021. Source: BusinessTech
New features coming to Capitec’s banking app
Capitec chief executive Gerrie Fourie says that he currently doesn’t have any money in his wallet, and he believes that this will become increasingly common in South Africa in the near future. Source: BusinessTech