Makro and Game workers go on strike
Workers will start an indefinite strike on Friday (19 November) at all group companies owned by Walmart-led Massmart Holdings in South Africa, Reuters reports. Source: BusinessTech
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Two petrol price changes proposed for South Africa
Trade union Solidarity has sent letters to energy minister Gwede Mantashe and finance minister Enoch Godongwana, calling for changes to be made to South Africa’s record-high petrol price. Source: BusinessTech
Industry warns against December lockdown restrictions for South Africa
South Africa’s hospitality industry says the government needs to look at all the options it can before reintroducing damaging lockdown regulations. Source: BusinessTech
South Africa’s best universities to study these top subjects
Times Higher Education (THE) has published its annual ranking of the top universities for 2022 by subject, featuring ten South African universities in four key fields of study. Source: BusinessTech
South Africa’s second best-selling car is getting a facelift
German carmaker Volkswagen says it will launch its updated sixth-generation Polo model in South Africa in January 2022. Source: BusinessTech
The next two weeks will show how well South Africans are coping financially, say economists
Analysts will be closely watching how consumers spend on this year’s Black Friday as an indication of just how willing and able consumers are to part from their income, says Debbie Law, retail sector head at corporate and investment bank RMB. Source: BusinessTech
South Africa’s middle class is in big trouble
The latest debt index from DebtBusters shows that South African consumers are falling further into financial trouble, as people turn to unsecured credit to supplement their paycheques. Source: BusinessTech
Legal challenge to South Africa’s never-ending lockdown
Civil society group Afriforum has sent a legal letter of demand to Cooperative Governance and Traditional Affairs minister Nkosazana Dlamini-Zuma, stating that the continued implementation of national curfews as part of the state of disaster is irrational and unjustified. Source: BusinessTech
Ramaphosa talks up significant new development zone on KwaZulu-Natal’s south coast – including a new smart city
Government plans to use its new district development model as an outline for a significant new development zone on KwaZulu-Natal’s south coast, says president Cyril Ramaphosa. Source: BusinessTech
South Africa’s controversial driving rules have hit a major roadblock: AA
The Road Traffic Management Agency’s (RTIA’s) decision to terminate the employment contract of its former chief executive Japh Chuwe, raises serious questions about the future of the Administrative Adjudication of Road Traffic Offences (Aarto), says the Automobile Association (AA) of South Africa. Source: BusinessTech