The Global Minimum Tax Act which requires large multinational enterprises (MNEs) operating in the nation to pay a global minimum corporate tax rate of 15% was formally signed into law by South Africa in a…
Business: Former Executives Fight For The Ownership Of…
The former executives of Tekkie Town are legally fighting for the ownership of the popular home accessories, both parties are set to go the distance in reclaiming the popular accessories retailer. The matter was tabled…
Business: Mining Sector Set For Coronavirus Vaccine Distribution…
The mining sector in South Africa is set for a whopping R300 million coronavirus vaccine rollout within the industry to reduce the spread of the coronavirus pandemic in the country. This is according to sector's…
Business: What’s Next After The End Of The…
There was a bill passed in 2020 to change the CFA franc to the Eco. This will ultimately end the centralization of the foreign exchange, that is exclusively available to countries in the West Africa…
Business: Nedbank Set To Offer Contactless Service To…
Popular bank, Nedbank has offered contactless service to collect bank cards, the customers of Nedbank can now collect their various cards either debit or credit card without the need to physically be in the bank…
Business: AfDB Set To Launch An Increased Climate…
African Development Bank are set to launch an accelerated change initiative, the proposed budget for this initiative is around $25 billion, and it's strictly for the continent of Africa. This initiative is to help African…
Business: Sirius Real Estate Set For Modern Business…
Top real estate company, Sirius Real Estate are all but set to to acquire a new business acquisition. The name of the proposed acquisition is Sigma Technopark worth the the excess of over $70 million.…
Business: Low Sales Recorded By Retailers During The…
Several retailers in South Africa are complaining fervently, this can be majorly attributed to the impact of the coronavirus in the country and the continent at large. They have so far recorded low sales of…
Business: FNB Set To Offer Virtual Card To…
FNB plc are set to issue their customers a virtual card, this virtual card will be used for transaction with the Bank's jurisdictions. FNB in partnership with other Banks will allow customers to have access…
Business: Capitec Clients Set To Get R160m Loan
Over 80,000 Capitec bank customers has received a whopping sum of R160 million loan from the bank, this is according to officials of the bank. The impact of the coronavirus has been felt by many…
Business: FNB Keeps Up 7% Prime Loaning Rate…
FNB has maintained the 7% leading rate, this is coming after the interest rate of South African Reserve Bank. The decision was made by SARB in the late hours of Thursday. FNB will audit its…
Business: Rand Is Still Profitable For A Third…
The South African Rand has powered to a third of consecutive profit, this can the partially attributed the the immediate change around the world especially the President Joe Biden speech to fight Covid-19 outrightly. The…
Business: “African Startups Investments To Expect In 2021”…
TLcom Capital partner, Andreata Muforo has revealed and discussed major startup investment that am entrepreneur must ancipated I'm 2021. Amongst the things she highlighted were the financial market, the small scale business an entrepreneur must…
Business: FSCA Warns Public Against Trading With Unauthorised…
The Financial Sector Conduct Authority (FSCA) has empathically warned the general public against trading with unauthorized firms in the financial market. They further warned the public to cut ties with unauthorized trade agencies to prevent…
Business: “The Shares Of Glencore Plc Has Slightly…
The share price of Glencore plc has seriously dipped in the past 48 hours in South Africa, this was made known by Brian Molefe the Chief executive officer of the company. This decline started on…
Business: SAB Agitates Over Alcohol Sales ban In…
The government authorities in South Africa has banned the sale of alcohol in the country, this is partially attributed to the coronavirus pandemic, this action by the government has affected alcohol distilleries and companies. The…
Business: SA Mining Sector Set To Support Coronavirus…
The coronavirus pandemic has hit South Africa and other African countries massively, the impact of the virus has been felt by various sectors like the aviation and financial sector. The mining company in South Africa…
Business: Local Automobile Start-up Set To Provide Platform…
As the automobile sector continues to grown in Africa, a recently established automobile company is looking to give female engineer the platform to showcase their skills and talent. The men as dominated this sector so…
Business: Eskom Set To Implement Stage 2 Loadshedding
Top South African power providers Eskom has said that they intend to the stage 2 of the loadshedding that from this afternoon till the midnight. This is due to the losses on Wednesday, this was…
