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Industry News

19 Aug 2015

SA could achieve 5.4% growth – by 2030

Taking advantage of its growing working-age population could help accelerate South Africa’s growth to 5.4 percent a year and double per capita incomes by 2030, according to the South Africa Economic Update released by the World Bank earlier this week.
13 Aug 2015

White collar crime threatens SA companies

Costing South Africa an estimated R930m a year, commercial and white-collar crime is on the rise in South Africa – especially among senior to top management. Just recently, a business was forced to close its doors after its finance clerk stole over R1 million, thereby impacting its productivity and turnover, and ultimately the entrepreneur, as...
13 Aug 2015

Moody’s releases SA credit opinion

Moody’s this week published its latest Credit Opinion report on the government of South Africa.  While the report isn’t a rating action, it does give an update on South Africa’s credit strengths and weaknesses:
06 Aug 2015

UK visa hijacking highlights identity theft

The recent hijacking of a courier van carrying South African citizens’ UK visa application forms has brought to the fore the issue of liability for the loss of these documents, especially if these documents containing sensitive and personal information are used to commit identity theft.
06 Aug 2015

Coronation reducing fees on large number of funds

Earlier this week, Coronation Fund Managers announced that it’s reducing the fees on a large number of its funds, as well as adopting a simpler and more consistent pricing methodology across the range.
29 Jul 2015

How worried should we be about China?

China’s Shanghai Composite index plummeted at the beginning of this week, falling 8.5%. This was its worst single-day fall since February 2007 and followed the release of economic data showing that Chinese industrial profits had dropped in June, compared with the previous year, while manufacturing activity was lower too. How worried should investors be? 
29 Jul 2015

Union fuming over ‘payment scandal’ at Telkom

Trade union Solidarity has strongly condemned what it terms “the scandal” regarding the compensation paid to members of Telkom’s executive management during the previous financial year.
23 Jul 2015

SA Reserve Bank hikes rate by 25 basis points

The SA Reserve Bank has hiked its key benchmark rate by 25 basis points to 6% per annum.
23 Jul 2015

Why the hacking of the Ashley Madison website is a concern

Extramarital affairs website, AshleyMaddison.com, was thrown into the spotlight recently after hackers threatened to release names and images of the site’s many members.
23 Jul 2015

The rich get richer ….

The proposed amendments to the Preferential Procurement Regulations pose questions as to how government determines policy.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za