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The National Treasury has published amendments to Regulation 28 of the Pension Funds Act for public comment. Source: BusinessTech

South Africa’s petrol price increases of R1.21/litre on Wednesday will mean that petrol inflation has increased by 33.9% year on year, says Kevin Lings, chief economist at Stanlib. Source: BusinessTech

Senior vice president and chief executive officer of Massmart Wholesale, Doug Jones, has announced his departure from the group to take up a job opportunity in Sydney, Australia. Source: BusinessTech

Minister of Cooperative Governance and Traditional Affairs (Cogta) Nkosazana Dlamini-Zuma has announced a wage freeze for top municipal workers in South Africa. Source: BusinessTech

Volkswagen has announced that it will sell its first fully-electric cars in South Africa as part of a new mobility strategy. Source: BusinessTech

Germany will give €700 million (R12.5 billion) towards helping South Africa phase out the use of coal, the German delegation at the COP26 climate talks in Glasgow, Reuters reported. Source: BusinessTech

South Africa’s ruling party may be heading for its worst electoral showing since the end of apartheid. Source: BusinessTech

Business group Sakeliga has opposed the proposed Companies Amendment Bill which it warns will harm the business landscape and ultimately push more skilled people to leave South Africa. Source: BusinessTech

Power utility Eskom has warned that loadshedding could be implemented at short notice should any further breakdowns occur. Source: BusinessTech

Renewable energy company Renergen has reported promising results after drilling at the Virginia Gas Project, with the group reportedly discovering a significant deposit of natural gases. Source: BusinessTech