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
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plans to emigrate will be relieved to learn that the proposal to impose an exit tax on retirement interests will be withdrawn, says Jean du Toit, head of tax technical at advisory firm Tax Consulting South Africa.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
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
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
The South African Medical Association, which represents doctors, said there must be a choice of Covid-19 booster vaccine after Johnson & Johnson won the right to run research on the half a million health workers who took the company’s shot in an initial study. Source: BusinessTech
The introduction of new tech-focused subjects such as coding and robotics at South Africa’s schools is set to result in the biggest shift the education sector has seen in 150 years, says academic expert and chief executive of Roger Layton Associates, Dr Roger Layton. Source: BusinessTech
French motoring brand Peugeot has unveiled its pick-up the Peugeot LandTrek, now on sale in the South African market. Source: BusinessTech
Impala Platinum Holdings’s decade-long quest to buy a smaller rival that owns assets key to prolonging the life of its own mines in South Africa came to a shuddering halt on Tuesday. Source: BusinessTech
The National Education, Health and Allied Workers’ Union (Nehawu) has threatened mass action should the National Treasury fail to offer wage increases when it delivers its Medium Term Budget Policy Statement (MTBPS) on Thursday (11 November). Source: BusinessTech
The use of natural gases could be an alternative to South Africa’s record-high petrol prices, says CNG Holdings Group, a company that specialises in compressed natural gas. Source: BusinessTech
