Public Works and Infrastructure minister Patricia De Lille says government is moving ahead with several major infrastructure developments across the country – including several new highway upgrades. Source: BusinessTech
South African finance minister Enoch Godongwana’s efforts to stabilize public finances may be strained by an expansion of the social-welfare net and additional support for the debt-laden state power company when he presents his first annual budget on Wednesday. Source: BusinessTech
Business Unity South Africa (BUSA) has warned that the proposed Employment Equity Bill is likely to lead to constitutional challenges and ‘endless disputes’ between government, employers and workers. Source: BusinessTech
Investec Ltd, a bank that focuses on high net worth individuals in South Africa, is seeking to more than double its client base in the next three to four years, outpacing growth in a moribund economy. Source: BusinessTech
International investment migration advisory firm Henley & Partners says it has seen an ‘unprecedented’ 40% increase in inquiries from South Africans seeking alternative residence and/or citizenship over the past 12 months. Source: BusinessTech
The South African National Roads Agency (Sanral) has announced toll increases for the country’s major highways effective from 1 March 2022. Source: BusinessTech
Mobile communications and chat commerce firm Clickatell, says it has secured $91 million (R1.377 billion) in a Series C round of funding, led by Arrowroot Capital, with participation from Kennedy Lewis Investment Management, Endeavor Global and Harvest. Source: BusinessTech
The opposition Democratic Alliance has outlined its proposal for a basic income grant in South Africa ahead of the national budget on Wednesday (23 February). Source: BusinessTech
Old Mutual analysts expect finance minister Enoch Godongwana to deliver a ‘boring’ budget speech on Wednesday (23 February), but this is ultimately good news for taxpayers. Source: BusinessTech
The Department of Home Affairs is conducting a feasibility study on the opening of dedicated branches inside of shopping centres across the country. Source: BusinessTech
