Government to announce grant changes in 2022, says South Africa’s finance minister
Finance minister Enoch Godongwana says that the government will present details on a social safety net in the February 2022 national budget. Source: BusinessTech
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Here’s how many private security guards there are in South Africa – and what they earn
The Private Security Industry Regulatory Authority has published illustrative contract pricing guidelines which are set to take effect from March 2022, providing an overview of what security guards can earn in South Africa. Source: BusinessTech
The shocking cost of load shedding to South Africa’s economy
Dr Francois Stofberg, senior economist at the Efficient Group, has published updated figures on the likely cost of load shedding to South Africa’s economy since it was first introduced. Source: BusinessTech
South Africa’s fourth Covid-19 wave could be ‘mild’ due to restrictions, says government
South Africa’s strict measures to reduce the spread of the coronavirus may limit the severity of the pandemic’s next wave, the government official running the national vaccination program said. Source: BusinessTech
The fines and demerit points you can expect under South Africa’s new driving laws
The Road Traffic Infringement Agency (RTIA) has provided an outline of the fines and demerit points that drivers can expect as part of the new Administrative Adjudication of Road Traffic Offences (Aarto) system. Source: BusinessTech
The top reasons why people are looking to leave South Africa – and load shedding isn’t helping
South Africa’s move to stage 4 load shedding earlier this week has not helped people on the fence about leaving the country, says immigration specialists Sable International. Source: BusinessTech
Expect an interest rate hike in November as South Africa faces headwinds in 2022
Ahead of the mini-budget on Thursday, to be delivered for the first time by new finance minister Enoch Godongwana, the South African Reserve Bank continues to play its cards close to its chest, notes Thalia Petousis, fund manager at Allan Gray. Source: BusinessTech
Government walks back on controversial ‘exit tax’ for South Africa, say experts
Expatriates and those with plans to emigrate will be relieved to learn that the proposal to impose an exit tax on retirement interests will be withdrawn, says Jean du Toit, head of tax technical at advisory firm Tax Consulting South Africa. Source: BusinessTech
Unions push for R1,500 basic income grant in South Africa
South African Federation of Trade Unions (Saftu) general secretary Zwelinzima Vavi has called for the introduction of a R1,500 monthly grant aimed at South Africans over the age of 18 without work. Source: BusinessTech
New minimum price for cigarettes proposed for South Africa
British American Tobacco SA (BATSA), one of South Africa’s largest tobacco companies, has called on the government to introduce a new minimum price for cigarettes in the country. Source: BusinessTech