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Court Approves Restart of Mining Operations at Tendele Anthracite Coal Mine
In a recent development, the Pietermaritzburg High Court granted Petmin's Tendele Mining permission to proceed with the expansion of its Somkhele anthracite coal mine in rural KwaZulu-Natal. This decision comes after the court denied an application to halt mining activities filed by the Mfolozi Community Environmental Justice Organisation (MCEJO) and other non-governmental organisations (NGOs). While
SA PROPERTY BUYERS MAKING GOLDEN DEALS IN DUBAI
The highest-valued property sold in the preceding year was an exquisite beachfront villa located in Palm Jumeirah, which was acquired at a price just shy of R3 billion (AED 598 million). However, property prices in this area commence from approximately R2.3 million (AED 450,000). If one intends to obtain UAE residency, facilitating the acquisition of
SA FACES A DIFFICULT JUGGLING ACT TO AVOID BLACKLISTING WHICH COULD HAMPER GLOBAL TRADE
After facing economic shocks in recent years, South Africa received another blow when it was grey listed by the Financial Action Task Force (FATF) earlier this year. The country's efforts to improve compliance with international standards in preventing illegal financial activities were deemed insufficient. The grey listing tarnished South Africa's reputation and increased the cost
HYBRID WORK DEMANDS A HOLISTIC APPROACH TO BUSINESS SECURITY AND RESILIENCE
Due to the increase in cyber threats and the need for business continuity, large organizations are adopting hybrid work models where employees have the flexibility to work from different locations. However, this shift poses challenges for ensuring security and resilience. According to Chris Kruger, the Managing Director at Nashua Kopano, a workplace solutions provider, organizations
STUDENT ACCOMMODATION IS RIPE FOR INVESTMENT – HERE’S WHY
According to Greg Dart, director of High Street Auctions, student accommodation in South Africa, particularly in Johannesburg, has become a highly resilient and profitable investment. The presence of numerous tertiary education institutions in Johannesburg ensures a steady income stream from these investments. The International Finance Corporation has projected a significant national shortfall of approximately 800,000
REMAIN COMPLIANT: TAX PRACTITIONERS WARNED
The South African Revenue Service (SARS) works together with recognized controlling bodies (RCBs) to regulate the tax profession. The goal is to establish consistent standards and enforce rules to improve professionalism in taxation. It is mandatory for tax professionals to register with both an RCB and Sars to legally practice and provide tax services for
THE GULF COOPERATION COUNCIL’S VISIONARY PLANS AND THE AFRICAN OPPORTUNITY
In the past ten years, the Gulf Cooperation Council (GCC) has become a significant investor in Africa, leading to numerous trade deals that have greatly benefited both regions. Between 2012 and 2022, the GCC invested $101.9 billion in 628 projects in Africa, while African investment in the GCC during the same period amounted to $3
SA’S HANDLING OF ROAD ATTACKS TAKES TOLL ON TRUCKING INDUSTRY
Trucking sector representatives expressed their disappointment with the government's inadequate response to the attacks on trucks along major transportation routes. These attacks have severe consequences for jobs and the economy. On Van Reenen's Pass in KwaZulu-Natal, several trucks were set on fire, resulting in the closure of the N3 toll route. The industry estimated that
TOTAL ENERGIES OIL PROJECT ‘A DISASTER’ FOR UGANDANS, SAYS HUMAN RIGHTS WATCH
Human Rights Watch (HRW) has called for the suspension of a major oil project in East Africa led by TotalEnergies, a French multinational corporation. The project, known as the East Africa Crude Oil Pipeline (EACOP), involves the development of Ugandan oilfields and the transportation of crude oil through a pipeline to Tanzania's Indian Ocean port
TECH FIRMS HOPE SWEATY WORKOUTS CAN SELL WOMEN ON VR HEADSETS
The article discusses the changing demographics of virtual reality (VR) users and how fitness apps are playing a significant role in attracting a more diverse audience. Initially, VR was popular among young male gamers, but recently, there has been a shift as more women over the age of 35 are becoming the average customers of
RESCUING OURSELVES FROM THE TOUGH ECONOMIC ROAD AHEAD
In order to survive and thrive in this challenging economic climate, businesses in South Africa need to prioritize resilience and adaptability. They should be prepared to quickly adjust their strategies, cut costs where necessary, and explore new sources of revenue. One of the key challenges businesses face is the power rationing and outages, which have
BELL EQUIPMENT PERMANENTLY EMPLOYS 100 FORMER TEMPORARY STAFF
On Friday, the National Union of Metalworkers of South Africa (Numsa) announced that it had reached an agreement with Bell Equipment. The agreement states that Bell Equipment will employ 100 individuals on a permanent basis who had been working under labour brokers for the past decade. Earlier in the week, Numsa had threatened to go
AMERICAN LAWMAKERS CONSIDER CHANGES TO TIKTOK CRACKDOWN BILL
US lawmakers are currently discussing potential changes to a bill that would grant the Biden administration enhanced powers to ban TikTok, a Chinese-owned app. Senator Mark Warner, chair of the Senate Intelligence Committee and co-sponsor of the legislation, acknowledged that TikTok's aggressive lobbying efforts have slowed down the bill's progress. Lawmakers are now considering a
HOW YOU CAN REVIVE THE SPARK IN YOUR JOB
It seems like you're feeling a lack of excitement and focus in your work, and you're looking for ways to revitalize your career and find inspiration. Here are some suggestions to help you regain joy and motivation in your current role: Identify what sparks joy: Reflect on the aspects of your work that bring you
REIT RETURNS MOSTLY NEGATIVE IN THE FIRST QUARTER OF 2023
According to the first issue of the Rode's Report on the South African Property Market for 2023, the two best performing Real Estate Investment Trusts (REITs) in the first two months of the year were Attacq and Emira. However, the overall performance of listed property was poor, with the SA REIT Index showing a negative
POSITIVE OUTLOOK FOR LIVESTOCK INDUSTRY FOR 2023/2024 SUMMER SEASON – AGBIZ
According to Wandile Sihlobo, the chief economist of the Agricultural Business Chamber (Agbiz), if South Africa is not severely affected by El Niño, the country's domestic harvest will benefit from potentially lower global grain and soybean prices during the upcoming 2023/24 summer season. This is good news for the livestock and poultry industries, which have
BRACE FOR ANOTHER INTEREST RATE HIKE THIS MONTH
In South Africa, consumers burdened with debt are expected to face more difficulties as borrowing costs are likely to rise in the coming months due to persistent consumer inflation. This is influenced by the recent signal from the US Federal Reserve to increase interest rates in order to combat high inflation in the US economy.
FNB CUSTOMERS USING ‘BANK YOUR CHANGE’ FEATURE ON APP SAVED OVER R6.6 BILLION IN 4 YEARS
One of South Africa's largest banks, FNB, has announced that its customers have saved a remarkable R6.6 billion over the past four years using the Bank Your Change® feature. This feature is available through the FNB app and allows customers to automatically save small amounts from their transactional account into a linked savings account. The
JULY DIESEL PRICE HIKE RINGS ALARM BELLS FOR EMBATTLED CONSUMERS AND BUSINESSES
The cost of diesel is going up by 18 cents per Liter in July. This will have negative consequences for consumers in the coming weeks. Logistics companies and retailers will have to spend more money on running generators during power outages, and they will pass on these costs to their customers. While there is a
THE PROMISE OF ANGOLA’S GROWING NATURAL GAS INDUSTRY
President João Lourenço has been dedicated to strengthening and improving Angola's oil and gas sector since assuming office in 2017. Under his leadership, there has been significant progress in exploration, production, and export of oil and natural gas in Angola. The collaboration between international oil companies and the Angolan government has resulted in the awarding