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South Africa's new laws for complexes and other sectional titles have been sent to Ramaphosa for signature
The Sectional Titles Amendment Bill has been passed by Parliament and sent to President Ramaphosa for his signature. After being approved by the cabinet in August of that year, the bill was introduced in parliament in November 2020. The proposed amendments, according to a cabinet statement at the time, provide clarity and protect lessees in
<strong>To reduce unemployment, SA must consistently expand by 5%</strong>
Unemployment is one of South Africa's problems, with a current rate of 33.9%, the highest in the list of 82 countries. For the longest time, unemployment has been a major issue in South Africa. According to central bank Deputy Governor Rashad Cassim, South Africa's economy must grow at a rate of 5% for several years
WHAT SHOULD YOU KNOW ABOUT CAR INSURANCE IN SA?
Some motorists may argue that car insurance is too expensive; however, accidents do occur, and driving without insurance can have serious financial consequences. With fuel prices increasing every other day in South Africa, having to pay expensive car insurance on top of the ever-increasing price increase and the state of the SA economy can be
The dos and don’ts in insurance claim process
Insurance claims can be stressful at times, especially when it comes to presenting all of the necessary information and documents and filing your claim as soon as possible. According to Van Deventer & Van Deventer Incorporated – Claims Attorneys South Africa, These changes have also had a significant impact on the insurance industry. Business interruption insurance, medical
WHY IS LIFE INSURANCE SO IMPORTANT?
Life insurance is an important part of your long-term financial strategy because it allows you to plan for the future while paying low premiums. It’s also the financially responsible thing to do to ensure that your loved ones are properly cared for after you leave. Purchasing life insurance helps ensure your loved ones’ financial security
How can you save money on Insurance Premiums?
Insurance Covers compiled a few suggestions that we believe will help you save responsibly on your insurance premiums. Tip 1: Removing car rental from your policy could help you save money on your car insurance. The cost of insurance. If your car is being repaired, you will have to arrange your own transportation. Do you
Artificial intelligence is used for predictive policing in the US and UK – South Africa should embrace it, too
According to the Article by The Conversation, there have been some successes with predictive policing. In a case study conducted in the United States, one police department was able to reduce gun incidents by 47% during the traditionally gun-crazy New Year's Eve. In the first 10 weeks of implementing predictive measures, Manchester police were able to
Standard Bank is looking to expand in Nigeria and Kenya.
Standard Bank is looking for acquisitions in Nigeria and Kenya as the continent's largest lender by assets expands its presence in key markets. Standard Bank Chief Executive Officer Sim Tshabalala stated that the lender is also looking to expand its operations in Ethiopia, where it has a representative office, and in its home market of
Komati Power Station shuts down as they reach the end of its operational life
The coal-fired Komati Power Station in Mpumalanga reached the end of its operational life on Monday and was decommissioned. The plant, which has been in operation since 1961, had its final generating unit shut down at midday, according to Eskom. The unit, which was completed in March 1966, was the last of nine units built.
MTN Nigeria still feeling the effects of the country’s SIM registration
MTN Nigeria says it is still feeling the effects of the country's SIM registration regulations, which restrict network connectivity for unregistered cellphone users, as mobile subscribers fell by 57 000 in the third quarter ended September. Despite the marginal quarter-on-quarter decline, Nigeria remains MTN Group's largest market, with mobile subscribers increasing by nearly 10% to
South African consumers faces bad news as inflation rises
South Africans should expect higher inflation in the coming months, according to economists, as higher diesel prices and input costs ripple through the entire producer supply chain. The Bureau of Economic Research (BER) forecasts CPI to be around 7% year on year for the next few months, on the back of continued annual producer price
'Can we safely assume that the Soweto Eskom electricity debt is also scrapped'- Lesufi
Following the government's commitment to pay billions to settle Sanral's e-toll debt, Gauteng Premier Panyaza Lesufi wants Soweto's nearly R5 billion debt to Eskom cancelled. The Premier went on twitter and wrote, "Minister Godongwana, we truly appreciate how you respect negotiations. Can we safely assume that the Soweto Eskom electricity debt and that of other townships
TikTok surpasses Instagram as the world’s highest-grossing social media app
TikTok, the short video-sharing platform, has turned its success into a money-making machine after gaining massive popularity over the last two years. TikTok’s revenue growth has propelled it past other established social media behemoths. According to data compiled by Finbold on October 27, TikTok generated $2.5 million per day in September 2022 via in-app purchases
While government debt is decreasing, SEO stress is increasing
Despite signs of increasing stress among state-owned enterprises, Finance Minister Enoch Godongwana delivered his second Medium-term Budget Policy Statement (MTBPS) on Wednesday, calling it a "positive" document. Transnet, Denel, and Sanral all received billions, while Eskom's R400 billion debt remains unresolved. Prior to the main Budget in February, the MTBPS updates Treasury's economic forecasts, provides
Sandton City, Mandela Square to remain open amidst terror threat
The owner of the Sandton City and Nelson Mandela Square malls, Liberty Two Degrees, says it is taking a possible terror threat in the area seriously and has put “appropriate” security measures in place. "The safety of all our shoppers, tenants, service providers and stakeholders is of paramount importance," it said in a statement. "In
Government provides billions to settle Sanral debt
Under a new Treasury plan, the fate of e-tolls and the Gauteng Freeway Improvement Project (GFIP) will be handed over to the Gauteng province. Finance Minister, Enoch Godongwana stated that the national government would assume 70% of Sanral’s debt and the Gauteng government would assume 30%. Sanral has been struggling to raise funds due to
Supreme Court of Appeal dismisses MTN appeal
MTN, Africa’s largest mobile operator, has lost a court battle over when it must account for VAT on prepaid vouchers, as the Supreme Court of Appeal (SCA) dismissed its appeal costs on Monday. According to a summary of the judgement, MTN had previously sought a private binding ruling from the Commissioner of the South African
Mantashe reverses his position on carbon emission and declares energy transition as SA’s future
Mineral Resources and Energy Minister Gwede Mantashe, has called for a reduction in carbon emissions. Mantashe has long argued against being rushed into a just transition, citing the economic cost of a quick transition away from coal. Speaking at the Council for Geoscience Summit on Tuesday at the Durban International Convention Centre, Mantashe stated that
What to expect from Game, Shoprite, and Woolworths’ Black Friday 2022 deals
With a month until Black Friday 2022, retailers in South Africa are preparing for a busy weekend that will kick off the holiday shopping season. Black Friday 2022 occurs on November 25th, which is pay day for many people, and follows a period in which lockdowns due to the covid-19 pandemic kept crowds away and
SOUTH AFRICA IS FACING A FUEL SHORTAGE
Following a crippling strike at Transnet last week, the Democratic Alliance says it is seeking answers from the national government as soon as possible. While the strike has ended, the party stated that ports and transportation networks have been severely disrupted, and fuel industry players have warned that the country is on the verge of