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City commits to changing red tape into red carpet for business community

By: Marleny Arnoldi     11th June 2019 City of Joburg executive mayor Herman Mashaba’s Inner City Rejuvenation Programme (ICRP) has, to date, awarded tenders for 24 developments, spanning 81 properties and pieces of land. These developments are expected to create 11 000 direct jobs and will comprise around 6 500 one- and two-bedroom... 

Ramaphosa's silence on SARB not an indictment on his leadership – Motlanthe   

By: News24Wire      6th June 2019 President Cyril Ramaphosa's silence on contradicting statements made by senior party leaders on the possible expansion of the mandate of the South African Reserve Bank is not an indictment on his leadership, former president Kgalema Motlanthe said on Thursday. Motlanthe was speaking to... 

Sars lifts tax return threshold from R350 000 to R500 000  

By: News24Wire      4th June 2019 The South African Revenue Service announced on Tuesday that it has lifted the tax return threshold from R350 000 to R500 000. This means that people who earn less than R500 000 per year, and meet certain other criteria, will not need to file tax returns, commissioner Edward Kieswetter said at a... 

Public Protector finds Gordhan guilty of 'improper conduct' 

By: News24Wire      24th May 2019 Public Protector Busisiwe Mkhwebane has found Public Enterprises Minister Pravin Gordhan guilty of "improper conduct" over his approval of then-deputy South African Revenue Services Commissioner Ivan Pillay's early retirement and payout. Mkhwebane made the announcement at a media briefing on... 

Reserve Bank again keeps repo rate unchanged at 6.75% 

By: News24Wire      23rd May 2019 The South African Reserve Bank's monetary policy committee has again decided to keep the repo rate unchanged at 6.75%, a decision widely expected by analysts.  The central bank's governor Lesetja Kganyago made the announcement at a media briefing in Pretoria on Thursday afternoon. The repo rate... 

Mining sector facing similar ‘bullying tactics’ to that hindering construction 

By: Nadine James     22nd May 2019 Similar “bullying tactics” to those that are causing significant disruption in the South African construction industry, is also affecting the mining industry, Minerals Council South Africa CEO Roger Baxter confirmed on Wednesday. In a media briefing following the council’s annual general meeting... 

South Africa will welcome new 'balanced' Cabinet – Ramaphosa

By: News24Wire      21st May 2019 President Cyril Ramaphosa says he believes the country will welcome his new Cabinet when he announces it within the next week. Ramaphosa, Deputy President David Mabuza, and other ANC officials attended the governing party's first Parliamentary caucus sitting on Tuesday since the May 8 elections. 

Eaton acquires controlling interest in Turkish company

By: Kim Cloete     16th May 2019 Power management company Eaton has acquired a controlling interest in Ulusoy Elektrik, a manufacturer of medium-voltage electrical equipment based in Ankara, Turkey. The acquisition will help Eaton develop innovative power solutions for the African market. “The acquisition of Ulusoy Elektrik... 

Deloitte consolidates Intelligent Mining offering

By: Marleny Arnoldi     6th May 2019 Since launching its Intelligent Mining system a bit more than a year ago, Deloitte has consolidated the respective service offerings into one combined mining intelligence capability, which now comprises a Digital Nerve Centre and Intelligent Boardroom. Deloitte digital mining operations leader... 

Redefine maintains sustained growth, value creation despite difficult local climate  

By: Tasneem Bulbulia     6th May 2019 JSE-listed Redefine Properties, which increased its distribution for the six months ended February 28 by 4% to 49.2c, maintained a strong platform for sustained growth and value creation despite ongoing economic and political uncertainty. The South Africa-based real estate investment trust holds... 

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