Telkom points to a struggling corporate environment in South Africa
Telkom said it delivered strong earnings growth for the six months ended September 2021, despite a challenging trading and economic environment. Source: BusinessTech
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Ramaphosa on stage 4 load shedding: ‘The calamity of all calamities’
Ramaphosa also provided an explanation for South Africa’s latest round of stage 4 load shedding, and the government’s plan to move away from power outages in the long term. Source: BusinessTech
Resigning rather than being vaccinated in South Africa – what you should know
A growing number of South African businesses have announced plans to introduce mandatory Covid-19 vaccinations for staff, leading to an increase in legal queries around constructive dismissal and resignations. Source: BusinessTech
Push for fewer lockdown restrictions at South Africa’s schools
The South African Human Rights Commission (SAHRC) says that a significant number of primary schools around the country remain on rotational timetables, with a large number of schools also applying to keep a rotational timetable in place in 2022. Source: BusinessTech
Proposal to scrap South Africa’s 5-year driving licence – and other ‘quick wins’
While finance minister Enoch Godongwana is likely to focus on ‘big ticket’ issues in energy, transport, and water – there should also be a renewed focus on reducing red tape across South Africa’s business sector, says Angelika Goliger, EY Africa’s chief economist. Source: BusinessTech
The World Bank is investing billions in this South African tech group to offer universal internet
The World Bank’s International Finance Corporation (IFC) has partnered with South Africa’s Liquid Intelligent Technologies to expand data centre capacity and the rollout of fibre-optic cable across Africa. Source: BusinessTech
US updates travel restrictions for South Africa
The US eased international travel restrictions on Monday (8 November) for the first time in nearly two years. Source: BusinessTech
New taxes on the cards for South Africa
Finance minister Enoch Godongwana is expected to give further clarity around South Africa’s fiscal situation in his maiden Medium Term Budget Policy Statement (MTBPS) on Thursday, including the possibility of new taxes. Source: BusinessTech
South Africa’s budget this week could flip the script, say economists
South Africa’s major economic event this week is the Medium Term Budget Policy Statement (MTBPS) on Thursday, which will provide an update of the projected fiscal policy direction over the next three fiscal years, say economists at the Bureau for Economic Research (BER). Source: BusinessTech
3 investments that will bring billions of rands to South Africa – and end load shedding: Ramaphosa
President Cyril Rampahosa has announced that the fourth annual South Africa Investment Conference will be held in March 2022, with the event expected to attract significant international funding to South Africa. Source: BusinessTech