Government to clamp down on foreign drivers in South Africa
The government will announce a number of policy changes for drivers following widespread protests in the truck and freight industry. Source: BusinessTech
south africa
Fears of extended load shedding after workers down tools: report
A contractual issue between Eskom and Tenova Mining and Minerals SA has raised concerns about extended load shedding in South Africa. Source: BusinessTech
MTN in takeover approach for Telkom: report
MTN Group Ltd recently made a takeover approach for Telkom SA SOC in a deal that would’ve combined South Africa’s second and third largest telecommunications operators, according to people familiar with the matter. Source: BusinessTech
More South Africans are quitting their jobs – and experts warn its a ticking time bomb
New research suggests evidence of the global ‘great resignation’ trend is emerging in South Africa as overworked employees are quitting their jobs. Source: BusinessTech
Why South Africans are holding onto their cars right now
South Africa’s new and pre-owned market will continue to be constrained in supply due to multiple factors, says Mark Dommisse, chairperson of the National Automobile Dealers’ Association (NADA). Source: BusinessTech
What will make or break South Africa in the coming months: economists
South Africa’s new finance minister Enoch Godongwana will present his first Medium Term Budget Policy Statement (MTBPS) against the backdrop of contrasting fortunes, say economists at Nedbank. Source: BusinessTech
Why South Africa ranks as one of the worst places to live
InterNations, a network for expats, has published new data highlighting the best and worst countries for expats to move and live. In 2021, Taiwan, Mexico, and Costa Rica are the best expat destinations globally, attracting expats with their ease of settling in and good personal finances. Source: BusinessTech
How the election results will impact South Africa’s property values
A record-low voter turnout for the elections this year has signalled citizen apathy and a lack of confidence in the democratic process. Source: BusinessTech
Major shift in power as coalitions look to give the ANC the boot: report
Coalition talks among South Africa’s biggest parties are ongoing, with reports from inside the negotiations pointing to a massive shift of power in the country’s biggest metros. Source: BusinessTech
Warning signs for South Africa: Red flags that signal a country’s pending financial collapse
Rami Hajjar, portfolio manager at Allan Gray, says all too often, the root of a crisis lies in a country consistently spending beyond its means. He looks at the recent financial collapse in Lebanon, and what the warning signs are for South Africa. Source: BusinessTech