insert_link Business / Economics 05 March Morning Biz News: Payroll Deduction Agreement, Budget Talks, Economic Diversification, and Bitcoin Trends Swakop Uranium and NAMITVEST Forge New Payroll Deduction AgreementA new payroll deduction agreement between Swakop Uranium and NAMITVEST was signed on Thursday in Swakopmund. The agreement enables Swakop Uranium employees to directly invest in NAMITVEST through payroll deductions, fostering financial empowerment. According to One Africa TV NewsOnOne, the partnership is a significant move towards helping employees build their wealth through a structured savings and investment approach. South African Cabinet Finalizes […] today5 March, 2025
insert_link Business / Economics S.A Reserve Bank Governor Warns of Inflation Risks South African Reserve Bank Governor, Lesetja Kganyago, has warned that global trade tensions and a potential value-added tax hike could derail two years of slowing inflation. Last week the national budget speech was postponed, after a last-minute disagreement within the government of national unity, about a proposal to hike value-added tax by two-percent. Speaking to CNBC Africa on the sidelines of a meeting of G20 finance officials in Cape Town, […] today26 February, 2025
insert_link South Africa BOSA in S.A says Budget Delay Shows Chaos in Unity Government Build One South Africa says the postponement of Finance minister Enoch Godongwana’s budget speech on Wednesday, demonstrated the chaos within the government of national unity. The budget was postponed for the first time since 1994 after cabinet members pushed back against a proposed two-percent value-added-tax hike. BOSA’s spokesperson, Roger Solomons, says the government has put the economy in jeopardy and transparency and clarity are now needed: Meanwhile, the unprecedented […] today20 February, 2025
