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: Tongaat Hulett Limits Half-Year Loss As The…
The premature loss has been narrowed down by South African company, Tongaat Hulett in an effort to cut cost due to the impact of the coronavirus. This initiative would ensure cash flow. Money produced from…
Business: McKinsey Set To Refund Over R600m
A top Global management consultancy, McKinsey are set to refund funds that was earned through dealings linked to state. The money is set to be in the region of over 600 million Rand. McKinsey said…
Impala Platinum Set To Purchase R1.62bn In Bonds
Impala Platinum has purchased a whopping R1.62bn in bonds, Impala Platinum are one of the world's leading Platinum company. this solely for value creation for it customers. The proactive administration of the asset report is…
Business: Rand Boosted By Strengthened Risk Sentiment
The South African Rand has seriously been improved and buoyed by the risk sentiment according to a NKC research. Following a heavenly decade during the 2000s and in the underlying time frame after the 2008…
Business: Nestlé Set To Establish The First Net…
Renowned Company, Nestle is set to establish a net zero diary farm in South Africa. The proposed diary farm will be the first net diary farm in the country, as there hasn't been any in…
Business: African SMEs Need Assistance From Monetary Establishments…
The financial sector of Africa in general has worsened, African currencies need serious resuscitation so as to compete favourably with the other currencies across the world. According to World Bank figures, formal SMMEs make up…
Business: Lawful Bonus Of Nearly R500m For Battling…
A court in South Africa on Wednesday has dismissed a case of Airlink seeking the South African Airways to refund a large amount of money given to the airline, The economic condition of South Africa…
Business: Bidvest Sees Recuperation That Coordinates With A…
A South African company in the name of Bidvest group has been recuperated that will match and coordinate last year's trading performance, the coronavirus affected and delayed the trading performance due to the lockdown. Bidvest…
Business: Lockdowns In SA Liberated Municipality Business People…
The Lockdown due to the coronavirus is more of a blessing to workers and entrepreneur of South Africa, as many businesses has begun to thrive. This lockdown has liberated business owners all over South Africa.…
Business: Public Treasury Cautions Of Monetary Emergency Regarding…
The government of South Africa has said they can't implement any kind of pay deal to civil servant, this is due to the various fiscal policy and State compensation according to a statement by Tito…
Business: Over 30 million People Loses Job In…
Africa has been hit hard with the coronavirus pandemic, especially East Africa which has seen over 30 million people loose their job due to the coronavirus pandemic. People has either been retrench or has vacated…
Business: Eskom Warns Of A Continuing Crisis
The CEO of Eskom, Andre de Ruyter has warned of a continued crisis in the utility power generation, this is due to the inability to generate power by the government of South Africa through independent…
Business: Crypto Assets Statement Welcomed – Luno
A popular cryptocurrency groupin Africa in the name of Luno has welcomed the idea of the declaration of crypto as a financial product, this move was intiated by the Financial Sector Conduct Authority (FSCA) in…
Business: South Africa Drops Further Into Junk Territory.
Business in South Africa has fallen junk territory after investment company joined fitch rating in reducing South Africa rating, this announcement was made in the late hours of Friday. Moody's cut the country's unfamiliar and…
Business: Is regenerative energy the secret to unlocking…
The use of regenerative Energy in the world is on a upward trajectory, Africa as a continent hasn't really come to terms with this innovation, Which isn't suppose to be so because of the lack…
Business: Absa Excludes Dividends In South Africa
A South African company bin the name of Absa Group has declared that the company wouldn't bee paying fund in an attempt to save cash due to the impact of the Covid-19. Profit before one-time…
Business: When markets brace for the Sarb conference,…
The South African Rand has soften as a result of the market all over the world, the rate of Rand is still expected to go up as a result of the recent growth in the…
Business: Bravura Holdings Plans For The Development Of…
Bravura holdings is set so invest a large amount of money in the digging of Platinum mines in Zimbabwe, this initiative is to develop Platinum in the country. Platinum is the most common natural resources…
