Shutdown of some operations at ArcelorMittal a blow to economy

11 November 2019, 3:01 PM
Western Cape Finance and Economic Opportunities Minister David Maynier says the decision to shut down some of the operations at ArcelorMittal in Saldanha will be a huge blow to the regional economy of Saldanha Bay.
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Tiger Brands has five days to respond to lawsuit: Malusi 4 April 2018, 10:53 AM

Lawyer at Richard Spoor attorneys Thami Malusi says Tiger Brands Limited has about five days to respond and tell them whether they will oppose to the application of the lawsuit filed against them by Richard Spoor Attorneys.

Sars satisfied with tax collection 4 April 2018, 9:07 AM

Acting Commissioner at the South African Revenue Services (Sars), Mark Kingon, says the key areas where the Revenue service fell short to meeting their estimated target was in domestic Value Added Tax (Vat) and imported vat.

Property mogul Pam Golding passes away 4 April 2018, 6:07 AM

The South African Estate Agency Affairs Board says the passing of South African property mogul and leading businesswoman, Pam Golding has left a void in the property market.

Motorists urged to fill up as fuel prices rise 3 April 2018, 7:10 PM

Motorists are urged to fill up tonight (Tuesday) as the price of fuel is set to increase significantly.

New SAPO social grant cards to be ready in six months 3 April 2018, 6:46 PM

Social Development says the new post office social grant cards will be ready in six months.

SARS acting commissioner pleased with tax collected in 2017/2018 financial year 3 April 2018, 4:33 PM

South African Revenue Services (Sars) Acting Commissioner Mark Kingon says he is pleased with the amount of tax collected in the 2017/2018 financial year.

SARS announces R1 216.6 billion preliminary revenue collections 3 April 2018, 12:40 PM

The South African Revenue Service (SARS) has collected R1216.6 billion in the financial year 2017/18 in its preliminary results, which will be subject to final audit.

SA motorists brace themselves for fuel hike 3 April 2018, 8:06 AM

Petrol will go up by as much as 72 cents per litre for 95 octanes, 69 cents a litre for 93 octane and diesel will go up by 65 cents.

R2 billion boost for Cape Town housing 2 April 2018, 9:53 AM

The City of Cape Town says it will spend just over R2 billion on new housing opportunities over the next three financial years.

VAT doesn’t work well for developing countries: Economist 2 April 2018, 9:06 AM

As the VAT increased from 14% up to 15%, Social activist and economist, Liepollo Lebo Pheko says the country has to go back to the price regulation in a much robust way to avoid retailers charging more on items they selling.

VAT hike a disaster for low-income working class: Cosatu 2 April 2018, 6:51 AM

Cosatu spokesperson, Sizwe Pamla says the VAT hike spells disaster for workers, who will now struggle to clothe and feed their families and send their children to school.

Government farming project yields fruit in F. State 1 April 2018, 8:25 PM

A government farming project initiative has changed the lives of small farming community of Diyatalawa situated between Kestell and Harrismith in the eastern Free State.

Vavi raises concerns over VAT increase 1 April 2018, 5:11 PM

The General Secretary of labour union federation, SAFTU Zwelinzima Vavi says the poor are being forced to pay for the mistakes of the political elites with today's one percentage point increase in VAT.

Bahrain discovers largest oilfield in decades 1 April 2018, 4:33 PM

Bahrain said on Sunday it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA. The new light shale oil and gas resource is expected to contain many times the amount of oil produced by Bahrain’s only existing oilfield, as well as large […]

VAT increase to affect poor households: Economist 1 April 2018, 12:00 PM

Economist Davie Roodt says the VAT increase and the sugar tax will affect the middle class and poor households the most.

VAT increase, sugar tax will affect middle class and poor households- Roodt 31 March 2018, 6:50 PM

Economist Davie Roodt says the Value Added Tax increase and the sugar tax will affect the middle class and poor households the most.

U.N. blacklists dozens of ships, companies over N.Korea smuggling 31 March 2018, 4:48 PM

The United Nations Security Council blacklisted dozens of ships and shipping companies on Friday over oil and coal smuggling by North Korea, boosting pressure on Pyongyang as leader Kim Jong Un plans to meet with his South Korean and U.S. counterparts. The council’s North Korea sanctions committee acted on a request by the United States, […]

Twelve British tourists robbed in Mpumalanga 30 March 2018, 9:21 PM

Twelve British tourists including two children have been robbed in Mpumalanga.

E Cape Taxi operators bemoan routes closure 30 March 2018, 8:46 PM

A decision by Police Minister Bheki Cele to close two taxi routes in the Mthatha area is hitting taxi operators in the pocket.

AB InBev completes merger of businesses in Russia and Ukraine with Anadolu Efes 30 March 2018, 5:12 PM

World’s largest brewer, Anheuser-Busch InBev (AB InBev) said on Friday that it has completed the proposed 50:50 merger with Turkey’s leading brewer Anadolu Efes’ existing businesses in Russia and Ukraine, but the terms of the agreement were not disclosed. AB InBev recently announced that the companies had received all required regulatory approvals in Russia and […]

Coca-Cola prepares consumers for Sugar Tax 30 March 2018, 8:32 AM

Coca-Cola Beverages South Africa says they have prepared consumers for the incoming Sugar Tax and the increase of Value Added Tax (VAT).

Shoprite workers still on strike 29 March 2018, 2:25 PM

Workers at the retail chain store Shoprite say they have not reached an agreement with management regarding some working conditions.

WATCH: SAA annual financial results 29 March 2018, 10:45 AM

The South African Airways is releasing the annual financial results.

Expert cautions against overspending following repo rate cut 29 March 2018, 8:36 AM

Economist George Glynos has cautioned consumers not to become complacent and take it for granted that more interest rate cuts are on the cards soon.

Extra charges on Sassa card users worry MPs 29 March 2018, 7:45 AM

Members of Parliament have raised concerns that social grant beneficiaries who use social security agency SASSA cards will be charged an extra R10 from the beginning of next month.

Switzerland at epicentre of cryptocurrency revolution 29 March 2018, 7:14 AM

Switzerland has become a global hub for cryptocurrencies and the blockchain technology they are built on, with investors flocking to the wealthy Alpine nation to get in on the virtual action.

Moody’s downgrades Eskom’s ratings to a negative outlook 29 March 2018, 5:54 AM

Moody's Investors Service on Wednesday, announced a decision to downgrade to B2 from B1 the long-term corporate family rating (CFR) of Eskom Holdings SOC Limited (Eskom) and the zero coupon eurobonds to B2 from B1 in line with the CFR.

Parliament to subpoena former Steinhoff CEO to appear before it 28 March 2018, 8:22 PM

Former Steinhoff Chief Executive Officer Markus Jooste will be subpoenaed to appear before Parliament.

Western Cape dedicates largest portion of budget to primary health care 28 March 2018, 5:39 PM

MEC for Health in the Western Cape, Nomafrench Mbombo , has tabled her R23 billion budget for 2018 in the provincial Legislature.

Petrol prices up by 72 cents 28 March 2018, 5:06 PM

Fuel prices in Gauteng are set to go up by 72 cents a litre for 95 octane petrol, 69 cents for 93 octane petrol, and 65 cents for both grades of diesel. The minister of energy, Jeff Radebe, on Wednesday announced the adjustment of fuel prices for April 2018 based on current local and international […]