Stock shortages continued to thwart South Africa’s new-vehicle market during October. However, the market continued to show a robust performance, despite the volumes being lower than September, according to financial services group Wesbank. Source: BusinessTech
City Lodge Hotel Group says that the Covid-19 pandemic caused significant changes in both the consumer and business environments and will continue impacting hotel business strategies long after the threat of the virus recedes. Source: BusinessTech
Most South Africans are waking up this morning to full fuel tanks but the prospect of paying much more for the next tank. At midnight the price of fuel increased by R1.21 for petrol and R1.48 for diesel. That brings the fuel price to just under R20 per litre. Source: BusinessTech
The key driver of the housing market over the last 18-months has been the historically low-interest rate which has come down by 30% since the start of 2020, notes Samuel Seeff, chairman of the Seeff Property Group. Source: BusinessTech
The South African Revenue Service (SARS) recently issued guidance on its website on how South Africans can break tax residency with the country. Source: BusinessTech
With a significant increase in the use of platforms such as Facebook, Twitter, Instagram and WhatsApp, social media platforms are increasingly popping up in divorce proceedings, says Gabriella Keeble, a legal expert at SchoemanLaw. Source: BusinessTech
While South Africa’s monthly petrol price is determined by the international oil price and the value of the rand, South African motorists are also indirectly paying for local policy issues, says Wayne Duvenage, chief executive of civil society group Outa. Source: BusinessTech
The long-running dispute in the Amadiba area of the Eastern Cape over the planned N2 Toll Road through the Wild Coast shows no sign of calming down. Source: BusinessTech
The Department of Home Affairs (DHA) is working on changes to South Africa’s marriage and civil union systems to better reflect the diversity of the country’s relationships and remove any instances of discrimination. Source: BusinessTech
Citadel’s top investment and economic analysts say they hope to see the new finance minister, Enoch Godongwana prioritise policies that grow the economy and ease South Africa (SA) out of its tight, debt-heavy fiscal position. Source: BusinessTech
