The South African Reserve Bank’s Monetary Policy Committee is expected to hike interest rates by a further 25 basis points on 24 March, say economists at banking group Absa. Source: BusinessTech
The Competition Commission has cautioned airlines against price gouging after the South African Civil Aviation Authority announced the permanent grounding of Comair, and its subsidiaries Kulula.com and British Airways. Source: BusinessTech
Research done by McKinsey and Company reveals that SMEs make up 98% of businesses in South Africa and employ between 50-60% of the country’s workforce. Source: BusinessTech
The government has published a new code of practice which is set to replace the existing Covid workplace rules in South Africa when the state of disaster is expected to lift on 15 April 2022. Source: BusinessTech
BusinessTech is the largest and most influential business news website in South Africa, and the perfect platform for you to position yourself as a thought leader. Source: BusinessTech
In 2020, the South African government introduced a Social Relief of Distress (SRD) grant of R350 to provide support for those who were particularly vulnerable to the impacts of the Covid pandemic. Source: BusinessTech
After two years of semiconductor chip shortages and supply-chain issues caused by the Covid-19 pandemic, tech and vehicle prices face another knock after Russia’s invasion of Ukraine, says senior economist at Absa CIB Peter Worthington. Source: BusinessTech
Russia’s invasion of Ukraine and tightening sanctions on Russia have sent commodity prices soaring, and will have adverse implications for South Africa’s headline consumer price inflation (CPI), says senior economist at Absa CIB Peter Worthington. Source: BusinessTech
Transport minister Fikile Mbalula has confirmed that South Africa will get a new driver’s licence card before the end of next year. Source: BusinessTech
The government’s decision to further extend South Africa’s national state of disaster until 15 April 2022 has been met by significant resistance by opposition parties, businesses, and civil society groups – and now faces a raft of legal challenges. Source: BusinessTech
