There are concerns that the current violence in which foreign nationals and their businesses are being targeted will negatively affect South Africa’s tourism sector. Tourism has grown to be a major social and economic force which contributes significantly to the country’s Gross Domestic Product and the creation of employment. A[…]
As 9 August marks Women’s day in South Africa, the gender pay gap has once again been highlighted as a key topic of discussion – and rightfully so considering the already poor state of the South African economy. While the concept of the gender pay gap existing between men and[…]
By Anees Teladia Violent and destructive service delivery protests have accounted for 76.6 percent of claims lodged with state-owned insurance entity, Sasria SOC Ltd, according to their executive manager for insurance operations, Fareedah Benjamin. The number of claims has dramatically increased since the previous financial year, amounting to nearly R2[…]
The World Bank said, on Wednesday, that Palestinian economy is now facing a “severe fiscal shock” due to the tax revenues issue with Israel, calling for a speedy resolution. The published report, prepared by the World Bank, is due to be presented to the Ad Hoc Liaison Committee (AHLC) at[…]
Finance minister Tito Mboweni’s first National Budget came with no real surprises or shocks. Given the pressure-cooker that is state finances, especially those of struggling power utility Eskom, it appears to be a well-balanced act. Government’s central economic policy goal remains to accelerate inclusive growth and create jobs, said the[…]
Government is working with social partners to address SA’s unemployment crisis, President Cyril Ramaphosa said. The president was delivering the State of the Nation Address (SONA) in Parliament on Thursday. This is the 25th SONA of the democratic SA. The president highlighted the progress made in job creation – SA’s[…]
President Cyril Ramaphosa will deliver his 2019 State of the Nation Address (Sona) from parliament at 7pm on Thursday. This will be Ramaphosa’s second address since he was elected president of the ANC. Here are five key issues that are likely to dominate this year’s SONA: ANC renewal After months[…]
Lebanon’s presidency on Thursday announced the formation of a new national unity government, ending months of political wrangling amid concerns over the country’s struggling economy. The news comes after more than eight months of deadlock as politicians from rival Lebanese factions could not agree on the make-up of the cabinet[…]
The rand lost 4% to the dollar in early trade on Monday as it continued to be dragged lower by the Turkish lira and Russian rouble. The local currency opened at R14.13/$ and was changing hands at R14.65 to the greenback at 07:46. By 08:32 it had strengthened somewhat to[…]
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