SA Business
Business news: PIC confirms that it owns 30% Harith General Partners
The Public Investment Corporation has confirmed that it holds 30% of Harith General Partners that is part of the consortium set to hold a large stake in SAA.
Business news: Oil hits 32 month high as demand continues to grow
Oil prices rose to the highest in over 32 months following volatile trade as the dispensing of Covid-19 vaccines ease the strain on the United States and Europe
President Ramaphosa announces strategy to tackle electricity issues head on
President Cyril Ramaphosa recently announced the steps that the South African government will take in order to ensure the country puts an end to loadshedding.
El Salvador becomes 1st ever country to adopt Bitcoin as legal tender
El Salvador’s legislative body passed a law early Wednesday, June 9, that will make the country the first one in the world to deem bitcoin a legal currency.
Business: R700m now dedicated to assisting township entrepreneurs
The South African government has set a large sum of money aside to assist Township and rural area entrepreneurs with their small, medium and micro businesses.
Clover closes biggest SA cheese factory in NW, plans to relocate to Durban
Clover is closing its biggest cheese factory in Mzansi which is based in the North West. Reports say the company will be relocating to the factory in Durban.
PoPI Act almost here, non compliance could result in intense legal ramifications
1 July, 2021 marks the day the Protection of Personal Information Act is implemented and various businesses are attempting to become compliant beforehand.
Business: Reports say restaurants charge 30% extra through Uber Eats and Mr D
Recent reports have revealed that a few restaurants have been upping their prices by 30% while using delivery services such as Uber Eats and its competitor Mr D
Business news: SA rand reaches 2 year high against US dollar
The South African rand has reached a two-year high against the US dollar. Trading at R13.54 to the dollar, the rand hit a memorable high since February 2019.
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