North West Chamber of Commerce calls for review of SA’s tax system

2 December 2021, 8:15 AM
Following the recent hike in fuel, the North West Chamber of Commerce and Industry says the country's tax system needs to be reviewed.
READ MORE
Eskom says it is working around the clock to fast-track repairs in Bedfordview 2 December 2021, 7:13 AM

Eskom says it is working around the clock to fast-track repairs to damages caused during an attempted cable theft, which resulted in outages to customers in Bedfordview, east of Johannesburg.

Cape Chamber of Commerce says latest fuel price hike reflects state of the nation 2 December 2021, 1:26 AM

The Cape Chamber of Commerce says the latest fuel price hike reflects the state of the nation.

Market for fresh produce sees some stability in prices 1 December 2021, 6:32 PM

The market for fresh produce has seen some stability in prices of various commodities in spite of farmers battling higher input costs.

Energy Dept admits to making a mistake over petrol price increase figures 1 December 2021, 12:20 PM

The Energy Department says there's been a mistake in the publication of the new petrol price for December. The actual increase is 75 cents per litre and not 81 cents per litre as announced earlier.

SA’s unemployment stats a national disgrace: Economist 1 December 2021, 8:10 AM

Economist Duma Gqubule has described the country's current unemployment rate as a national disgrace. The unemployment rate increased from 34% in the second quarter to 34.9% in the third quarter of this year.

Aspen aims to eventually produce 1.3 billion doses of COVID-19 vaccines for Africa 1 December 2021, 6:32 AM

South African pharmaceutical company Aspen says its aim is to eventually produce 1.3 billion doses of coronavirus vaccines for Africa.

Government’s economic reconstruction, recovery plan not doing much to save jobs: Cosatu 1 December 2021, 6:23 AM

The Congress of South African Trade Unions Deputy General-Secretary Solly Phetoe says government's economic reconstruction and recovery plan is not helping to save jobs.

Global airlines prepare for Omicron-induced volatility 1 December 2021, 4:19 AM

Airlines are bracing for a fresh round of volatility due to the Omicron variant of COVID-19 that could force them to adjust schedules and destinations at short notice and to rely more on domestic markets where possible, analysts say.

Yen shines, Aussie sags as Powell turns hawk despite Omicron uncertainty 1 December 2021, 3:23 AM

The safe-haven yen held steady on Wednesday, while the risk-sensitive Australian dollar languished near a one-year low after Federal Reserve Chair Jerome Powell signalled a faster taper of stimulus despite the risks around the Omicron COVID-19 variant.

Stocks, oil slide as Omicron worries push investors to safe havens 30 November 2021, 11:55 PM

Global stock benchmarks and oil prices fell sharply on Tuesday after drug-maker Moderna warned that existing vaccines are unlikely to be as effective against the new coronavirus variant, spurring investors to pile into safe-haven assets such as government bonds and the yen.

AA concerned about yet another steep fuel price increase 30 November 2021, 9:38 PM

The Automobile Association (AA) has expressed concern about yet another steep rise in fuel prices that take effect from midnight on Tuesday.

R3.4 billion injected in automotive sector to boost East London economic recovery 30 November 2021, 8:49 PM

Investments totalling R3.4 billion in the East-London Industrial Development Zone come as a huge boost for the economic recovery of the Eastern Cape.

Northern Cape learners to receive scarce skills training in solar energy 30 November 2021, 2:23 PM

200 young people in the Northern Cape have been selected to take part in the first Electrical Engineering Renewable Energy Skills and Water Reticulation Training, to take place in the province.

SA’s unemployment rate increased to 34.9% in the third quarter of this year: Stats SA 30 November 2021, 12:12 PM

Statistics South Africa has released the unemployment rate for the third quarter, which rose to a new record high of 34.9% from 34.4% in the second quarter. According to an expanded definition of unemployment that includes those discouraged from seeking work, 46.6% of the labour force was without work in the third quarter.

Analysts expect unemployment to remain high ahead of Stats SA’s Quarterly Labour Force Survey announcement 30 November 2021, 8:19 AM

Analysts say they expect job numbers to remain depressed in the third quarter of this year.  Their comments come as Statistics South Africa (Stats SA) prepares to release the Quarterly Labour Force Survey (QLFS) for the third quarter of the year on Tuesday.

SA’s fuel price hike could result in people struggling to get to work on a daily basis: Road Freight Association 30 November 2021, 7:11 AM

The Road Freight Association has outlined the impact of fuel price hikes on consumer pockets,  saying transport cost increases could result in people struggling financially to get to work. Motorists in South Africa are facing yet another big hike in the fuel price from Wednesday.

Eastern Cape wind farm expected to boost skills, ensure community development 30 November 2021, 6:48 AM

A multi-million-rand community-based wind farm has finally been launched in the Kouga region of the Eastern Cape. The Kouga Wind Farm community development trust will spend R300 million over a five-year period, focusing on areas like Umzamowethu, Sea Vista, KwaNomzamo and Kruisfontein.

Omicron COVID-19 variant poses risks to global growth, inflation – Rating agencies 30 November 2021, 1:15 AM

The Omicron COVID-19 variant could hurt global growth prospects while also pushing prices higher, rating agencies Fitch Ratings and Moody's Investors Service said on Monday, after the World Health Organisation said the variant carried a very high risk of infection surges.

Wall Street rebounds after virus-related sell-off 30 November 2021, 12:53 AM

Wall Street stocks closed higher on Monday, regaining some of the ground they lost in Friday's sell-off, as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden.

Fuel price hikes kick in on Tuesday 29 November 2021, 5:00 PM

Motorists are facing yet another big jump in the petrol price with authorities confirming an 81 cent increase from midnight on Tuesday.

All eyes on Statistics SA as it releases latest job figures on Tuesday 29 November 2021, 4:53 PM

All eyes will be on Statistics South Africa when it announces the latest job figures tomorrow. This as the country's unemployment rate hit a new record high of 34 and a half percent in the second quarter.

Stolen vehicles being smuggled across SA borders growing yearly: Tracking companies 29 November 2021, 4:12 PM

The prevalence of stolen vehicles across South African borders is growing every year. In the past financial year alone about 30% of motor vehicles were smuggled out of the country.

Russia says Twitter mobile slowdown to remain until all banned content is removed 29 November 2021, 12:33 PM

Russia will continue slowing down the speed of Twitter on mobile devices until all content deemed illegal is deleted, state communications regulator Roskomnadzor told Reuters, as Moscow continues to make demands of Big Tech.

TBCSA welcomes government’s decision to keep SA on COVID-19 alert level one lockdown 29 November 2021, 10:01 AM

The Tourism Business Council of South Africa (TBCSA) has welcomed government's decision to keep the country on COVID-19 alert level one lockdown - saying the sector is relying on local customers to stay afloat amid the COVID-19 pandemic.

Liquor Traders Council welcomes Ramaphosa’s announcement of not banning alcohol 29 November 2021, 4:16 AM

The National Liquor Traders Council has welcomed President Cyril Ramaphosa's announcement that no further lockdown restrictions will be imposed on alcohol sales in the country.

Travel bans have a huge impact on local economy: Western Cape tourism 28 November 2021, 7:01 PM

Western Cape tourism authorities say the travel bans imposed on South Africa will have a huge impact on the local economy.

Stricter lockdown restrictions may mark end to many restaurants: RASA 28 November 2021, 5:46 PM

The Restaurant Association of South Africa (RASA) fears that stricter lockdown restrictions may mark the end of many establishments.

Informal business operators between SA and Zim concerned about possible closure of borders 28 November 2021, 2:23 PM

Informal cross-border business operators between South Africa and Zimbabwe say their businesses will be negatively affected should borders be closed as a way of controlling the rising COVID-19 infections.

Alcohol
National Liquor Traders Association calls on govt not to impose another harsh lockdown 28 November 2021, 9:36 AM

The National Liquor Traders Association is calling on government not to impose another harsh lockdown, saying it will have a detrimental impact on the industry.

US Black Friday shoppers tapered online splurge, as some returned to stores 28 November 2021, 12:25 AM

US shoppers spent slightly less online during Black Friday this year, with many venturing back to physical stores despite coronavirus fears, tight supplies, and retailers' efforts to encourage earlier holiday purchases.