Talks to allow workers affected by COVID to access retirement funds at advanced stage: Mboweni

28 July 2021, 6:20 PM
Finance Minister Tito Mboweni says discussions are at an advanced stage between government and stakeholders on the possibility of allowing workers to access their retirement funds to enable them to pay off their debt.
Klaas Knot
ECB’s hawkish Knot makes dovish sounds on rates long-term 31 March 2019, 4:44 PM

Dutch Central Bank Governor Klaas Knot expects the euro zone economy to recover speed in the second half after a sluggish start to 2019, but in an interview with Handelsblatt the noted hawk was distinctly dovish on long-term interest rates.

Trucks on fire
Burning of trucks chases away investors: Ramaphosa 31 March 2019, 11:54 AM

President Cyril Ramaphosa says government will be meeting with organisations representing the truck drivers in the country soon. Last week, seven trucks were burnt on the N3 near Mooi River during a violent protest.

Petrol station
Steep fuel price hike expected on Wednesday 31 March 2019, 10:42 AM

The Energy Department has announced a steep fuel hike which comes into effect on Wednesday.

SARS strike continues despite negotiations 30 March 2019, 9:40 PM

Labour union, Nehawu says the strike at SARS will continue in the coming week - despite ongoing salary negotiations.

Moody's signage
DA to challenge Moody’s decision on rating report 30 March 2019, 7:27 PM

The DA says it will write to credit rating agency, Moody's, to request an explanation on why the agency held off on releasing a rating report for South Africa on Friday night.

Abdel Fattah el-Sisi
Egypt’s Sisi raises minimum wage to help assuage economic hardships 30 March 2019, 4:49 PM

Egypt's President Abdel Fattahal-Sisi has raised the minimum wage to 2,000 Egyptian pounds($115.74) a month from 1,200, he said at an event on Saturdaycelebrating women.

SABC Headquarters
Efforts under way to assist SABC raise funds 30 March 2019, 8:07 AM

Cabinet has announced that efforts are under way to assist the SABC to raise R3.2 billion, as interim funding from commercial banks.

Moody’s SA’s credit ratings not released 30 March 2019, 6:42 AM

 Moody's Investors Service has surprised the markets after deciding not to release a report on South Africa's credit rating.

Moody’s to announce SA’s credit rating 29 March 2019, 7:28 PM

Moody's Investor Services is expected to announce South Africa's credit rating on Friday evening.

H&M shares soar on better-than-expected results 29 March 2019, 11:38 AM

Swedish ready-to-wear giant H&M's profits fell by less than expected from December to February, the company said Friday, sending its stock soaring. 

Moody's logo
Moody’s expected to review SA credit rating 29 March 2019, 11:07 AM

Moody's is on Friday expected to review South Africa's credit rating, taking into account the growth prospects of the economy.

Huawei vows to ‘shake off’ pressure as network business takes a hit 29 March 2019, 6:54 AM

Chinese telecom giant Huawei vowed on Friday to "shake off outside distractions" as it announced that its telecom infrastructure business contracted slightly in 2018 amid a global US campaign to blacklist the company over espionage fears.

US, Chinese negotiators resume ‘productive’ trade talks 29 March 2019, 5:51 AM

Top negotiators from China and the United States resumed a fresh round of trade talks in Beijing on Friday aiming to settle the bruising spat that has threatened the global economy.

People walking in and out of a SARS office
SARS obtains interim interdict against Nehawu, PSA 29 March 2019, 5:43 AM

SARS says it has obtained an interim court order interdicting Nehawu and PSA members from picketing in places other than those specified in the CCMA Picketing Rules.

Mboweni against suspension of e-toll debt collection 28 March 2019, 9:09 PM

Finance Minister Tito Mboweni says the decision by the board of the South African National Roads Agency (Sanral) to temporarily suspend summonses to recover e-toll debt, is a bad one and should be reversed immediately.

WOW Air airplane
Budget airline in Iceland goes under as sector struggles 28 March 2019, 7:10 PM

Iceland's budget carrier WOW Air collapsed on Thursday, the latest in a string of low-cost airlines to go under after the fiercely competitive industry suffered from rising fuel prices in 2018.

Repo rate remains unchanged at 6.75% 28 March 2019, 4:17 PM

The governor of the South African Reserve Bank Lesetja Kganyago has announced that the repo rate will remain unchanged at 6.75%.

Women, youth remain marginalised in mainstream economy : Zikalala 28 March 2019, 3:20 PM

KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala says a lot has been achieved to integrate blacks into the mainstream economy but women and the youth remain marginalised.

e-toll gantry
Makhura welcomes decision to suspend collection of e-toll debt 28 March 2019, 1:39 PM

Gauteng premier David Makhura has welcomed roads agency Sanral's decision to suspend the process of collecting e-toll debt.

Angelo Agrizzi at the commission of enquiry
Agrizzi willing to give evidence despite threats 28 March 2019, 12:03 PM

Former BOSASA COO Angelo Agrizzi says he's willing to give the Commission of Inquiry into State Capture further evidence despite more information emerging on Wednesday that his life is in danger.

Daimler and Geely plan to develop Smart cars in joint venture 28 March 2019, 11:11 AM

Mercedes-Benz maker, Daimler and Chinese auto giant Geely announced plans on Thursday to develop the next generation of electric Smart cars to be made in China in a joint venture.

OUTA to request clarity on e-toll debt collection from Sanral 28 March 2019, 11:06 AM

The Organisation Undoing Tax Abuse (OUTA) says it will soon write to the South African National Roads Agency (SANRAL) to request it to give more clarity on its decision to suspend the collection of e-toll debt.

Incoming Kieswetter to meet SARS former acting commissioner over strike 28 March 2019, 9:05 AM

The newly-appointed  South African Revenue Service (SARS) Commissioner, Edward Kieswetter, says he will meet with the former acting commissioner Mark Kingon on Thursday as an estimated 10 000 SARS employees who belong to labour unions, NEHAWU and the PSA, embark on a nationwide strike.

Mining companies request judicial review of SA mining charter 28 March 2019, 7:34 AM

Mining companies have requested a judicial review of South Africa's 2018 mining charter.

SARS employees from Nehawu, PSA to strike on Thursday 28 March 2019, 6:01 AM

An estimated 10 000 SARS employees who belong to labour unions, NEHAWU and the PSA, are set to embark on a nationwide strike on Thursday.

Southwest cuts sales outlook as 737 MAX grounding hits US carriers 27 March 2019, 8:13 PM

Southwest Airlines trimmed its revenue estimate Wednesday, citing flight cancellations due to the Boeing 737 MAX grounding among key factors dragging on earnings.

Kieswetter will restore confidence in SARS: Mboweni 27 March 2019, 8:04 PM

Finance Minister, Tito Mboweni says he is confident that new SARS Commissioner, Edward Kieswetter will restore confidence in the Revenue Service as a respected tax collector.

Mulaudzi reveals shocking deals made with PIC 27 March 2019, 7:35 PM

Lawrence Mulaudzi of Kilimanjaro Capital took the stand at the PIC commission of inquiry telling of a painful decision the company had to make to partner with Sakhumnotho on a BEE transaction at the insistence of the PIC.

Ford to shut three factories, stop making passenger cars in Russia 27 March 2019, 5:56 PM

US carmaker Ford will close three of the four factories of its Russian joint venture after deciding to stop making passenger cars in a country where car sales have slumped in recent years, the company said Wednesday.

Outa welcomes Sanral decision to suspend e-toll debt collection 27 March 2019, 4:17 PM

The Organisation Undoing Tax Abuse (Outa) says the South African National Roads Agency (Sanral) decision to suspend the collection of all e-toll debt should be taken with a pinch of salt.