Labour market scarcity set to last years, says outgoing CEO of Randstad

21 October 2021, 8:56 AM
Labour market shortages will be a major theme "for years to come", the chief executive of global staffing group Randstad said on Thursday, as he announced he was stepping step down in March after eight years in the post.
6.2 million South Africans have filed their taxes: SARS 21 October 2021, 7:43 AM

With the tax filing season underway, the South African Revenue Service (SARS) says so far, about 6.2 million South Africans have filed their taxes.

Numsa calls for an urgent meeting of all its regions 21 October 2021, 6:10 AM

The National Union of Metalworkers of South Africa (Numsa) has called an urgent meeting of all its regions to discuss whether or not to call off its protracted wage strike in the steel and engineering sector.

Inflation Trade? Nestle Reaps Benefits From Higher Prices 21 October 2021, 1:30 AM

Nestle raised its full-year sales target on Wednesday after the world’s largest food group reaped the benefits of price hikes on its products ranging from pet food to bottled water with a forecast-beating third quarter.

Yen hits four-year low versus dollar as risk appetite improves 20 October 2021, 11:32 PM

The dollar steadied in early European trading on Wednesday, after an improvement in global risk appetite saw riskier currencies gain and the yen hit a four-year low against the dollar overnight.

China’s commodity prices tumble after planner mulls coal intervention 20 October 2021, 8:25 PM

Bitcoin is on the cusp of an all-time high, its latest rally fuelled by the launch of the first US bitcoin futures exchange-traded fund that investors think could make the cryptocurrency accessible for swathes of new investors. 

Big fossil fuel producers’ plans far exceed climate targets: UN 20 October 2021, 11:30 AM

Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to curb global warming, the United Nations and researchers said on Wednesday.

US workers face job losses as COVID-19 vaccine mandates kick in 20 October 2021, 1:49 AM

Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against COVID-19.

Wall Street ends higher as investors bet on positive earnings season 19 October 2021, 11:51 PM

US stock indexes closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors as investors appeared to bet on solid quarterly reports even as some worried that it was too early to celebrate.

Price of potatoes decrease in SA, demand expected to increase during festive season 19 October 2021, 7:23 PM

The price of potatoes in South Africa has decreased in recent weeks.

NUMSA and steel industry still to find common ground to implement wage increase 19 October 2021, 7:07 PM

NUMSA members downed tools indefinitely three weeks ago, demanding an eight percent increase across the board.

R1.5 billion approved to support businesses affected by July unrest: Patel 19 October 2021, 5:00 PM

Department of Trade, Industry and Competition (DTIC) Minister Ebrahim Patel says R1.5 billion has been approved to support businesses affected by the looting and unrest in July.

ACSA reports a revenue loss of R2.6 billion for the financial year 2020-2021 19 October 2021, 2:46 PM

The company says the poor results reflect the devastating impact of Covid-19 on the tourism and aviation industry. 

Fuel price hike of catastrophic proportions expected in November 19 October 2021, 12:55 PM

The Automobile Association of South Africa says South Africans should brace themselves for a fuel price hike of what they are calling catastrophic proportions, in November.

Dollar softens amid bets other central banks to outpace Fed tightening 19 October 2021, 4:03 AM

The dollar languished near the bottom of its recent range against major peers on Tuesday, knocked back by weak US factory data overnight and on market wagers of faster normalisation of monetary policy in other countries.

Dollar edges lower after weak US factory production data 18 October 2021, 11:42 PM

The dollar dipped on Monday after data showed production at US factories fell by the most in seven months in September, erasing earlier gains on expectations that the Federal Reserve may be closer to raising interest rates than previously expected.

Employees and union concerned about MTN’s transformation plan for its stores 18 October 2021, 9:05 PM

Local mobile operator MTN store's transformation plan has sparked some concerns among employees and the labour union.

Travellers welcome reopening of Polokwane International Airport 18 October 2021, 4:18 PM

Travellers, who use the Polokwane International Airport in Limpopo, have expressed excitement after it was declared safe to resume operations.

From the Desk of the President: 18 October 2021 18 October 2021, 11:23 AM

Government will introduce a Social Employment Fund as part of the second phase of its efforts to create job opportunities for hundreds of thousands of unemployed South Africans through the Presidential Employment Stimulus programme.

Disparity between food security and supply attributed to 10.3 million tonnes of wastage: Volschenk 18 October 2021, 10:48 AM

The disparity between food security and food supply in South Africa can be attributed to about 10.3 million tonnes of food wastage annually.

Polokwane International Airport reopens 18 October 2021, 9:16 AM

The Polokwane International Airport has been reopened and welcomed its first flight on Monday morning.

Finance Minister reaffirms need to implement structural reforms for economic growth 18 October 2021, 6:04 AM

Finance Minister Enoch Godongwana has reaffirmed the need for South Africa to implement structural reforms for the economy to grow.

Eskom approaches High Court to review NERSA’s decision on price increase application 17 October 2021, 2:01 PM

Eskom has turned to the High Court in Johannesburg to review the National Energy Regulator of South Africa's (NERSA) decision to reject its price increase application.

Boeing workers stage protest near Seattle over US vaccine mandate 17 October 2021, 12:09 AM

Waving signs like "coercion is not consent," and "stop the mandate," some 200 Boeing Co employees and others staged a protest over the planemaker's COVID-19 vaccine requirement for United Sates (US)workers.

Transnet declares force majeure at Richards Bay terminal 16 October 2021, 8:27 PM

South Africa’s monopoly port operator Transnet late Friday declared a force majeure at its Richards Bay Bulk Terminal, it said in a statement, following a fire that broke out at the port on Wednesday.

KZN Treasury takes over financial control of cash-strapped uMkhanyakude District Municipality 16 October 2021, 7:32 AM

KwaZulu-Natal Premier, Sihle Zikalala has identified the cash-strapped uMkhanyakude District as one of the municipalities that have not been co-operative under government intervention.

Square CEO Dorsey says looking to build a Bitcoin mining system – Tweet 16 October 2021, 2:37 AM

Square Inc Chief Executive Officer Jack Dorsey said on Friday the Fintech firm is looking to build a Bitcoin mining system based on custom silicon and open source for individuals as well as businesses.

Wall St ends higher as Goldman rounds out parade of strong bank results 15 October 2021, 11:31 PM

US stocks ended higher on Friday after Goldman Sachs became the latest big bank to report strong quarterly earnings, and Wall Street's three major indexes posted gains for the week.

Bitcoin tops $60,000, a six-month high, on US ETF expectations 15 October 2021, 10:47 PM

Bitcoin topped $60,000 for the first time in six months on Friday, nearing its all-time high, as hopes grew that US regulators would allow a futures-based exchange-traded fund (ETF), a move likely to open the path to wider investment in digital assets.

MTN files papers to oppose ICASA’s withdrawal of a temporary unused spectrum 15 October 2021, 9:08 PM

Local mobile operator MTN has confirmed that it has filed papers in the Pretoria High Court, opposing a decision taken by the Independent Communications Authority of South Africa (ICASA), to withdraw a temporary unused spectrum.

Investors don’t want to open businesses where there’s electricity blackouts: Dlamini-Zuma 15 October 2021, 8:04 PM

Minister of Cooperative Governance and Traditional Affairs Dr Nkosazana Dlamini-Zuma has told mayors and senior municipal officials from KwaZulu-Natal that investors do not want to open businesses where there are electricity blackouts, frequent water cuts and unclean towns.