An exodus has hit South Africa’s rental market
Since January 2020, the repo rate has been lowered by three percentage points to its lowest level in decades, prompting many tenants to buy their first homes. Source: BusinessTech
south africa
Minister says South Africa will introduce stricter new BEE laws to speed up transformation
Employment and labour minister Thulas Nxesi says that government will need to introduce new regulations to speed up the rate of transformation at businesses in South Africa. Source: BusinessTech
Union slams Eskom over 1.5% pay increase
The biggest labour group at South Africa’s Eskom accused the power utility of disregarding rules around wage negotiations by implementing its final offer to workers. Source: BusinessTech
Here’s how much more you will pay for electricity and water in Joburg, Durban and Cape Town from next week
South Africa’s three major cities will introduce new tariff schemes for residents from Thursday (1 July), with a steep increase in the cost of both water and lights set to be introduced. Source: BusinessTech
South Africa could have the biggest crypto investment scam in the world – again
South Africa’s Mirror Trading International’s (MTI) scheme was named 2020’s biggest crypto investment scam, and now it seems the country could also have the biggest scam of 2021, say legal experts at Werksmans Attorneys. Source: BusinessTech
Government wants to block foreigners from taking certain jobs in South Africa – including Uber drivers
Employment and Labour minister Thulas Nxesi says that his department has been working closely with the International Labour Organisation in the commissioning and development of a national labour migration policy. Source: BusinessTech
South Africa to roll out e-visa in the coming months
Home Affairs minister Aaron Motsoaledi says that his department has concluded its e-visa pilot process and now plans to officially roll out the system later this year. Source: BusinessTech
Business Talk – In conversation with Standard Bank’s Simone Cooper
Business Talk meets up with Standard Bank’s head of business banking, Simone Cooper, to discuss how small businesses in South Africa are tackling the challenges brought by the Covid-19 pandemic. Source: BusinessTech
Covid vaccines for people over 50 – registration and rollout dates
Acting health minister Mammoloko Kubayi-Ngubane has announced that government will open up Covid-19 vaccine registrations to more age groups nationally from next week. Source: BusinessTech
Weekend meeting to decide new lockdown restrictions for South Africa
Acting health minister Mammoloko Kubayi-Ngubane says that she will meet with the government’s Covid-19 Ministerial Advisory Committee (MAC) on Saturday (26 June) to discuss further lockdown restrictions for South Africa. Source: BusinessTech