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Bridge City public-private partnership leads to economic transformation
In his Budget Speech 2018, South African Finance Minister...
PwC comments on proposed 1% VAT rate increase
The Minister of Finance announced in his Budget speech...
National Treasury to assist state-owned companies
South African National Treasury will assist state-owned companies (SOCs)...
SA government to spend ZAR57 billion on free higher education
Government will spend ZAR57 billion on free higher education...
South African budget deficit to narrow by 3.5%
South African Finance Minister Malusi Gigaba says government expects...
GDP growth expected to be 1.5% in 2018
South Africa’s Gross Domestic Product (GDP) is projected to...
Illovo Sugar Africa positive economic impact estimated at ZAR23.8 billion
Illovo Sugar Africa today, 21 February 2018, announced that...
Glencore funds from operations up 49%
Our performance in 2017 was our strongest on record,...
Kwesé and iflix seal deal in sub-Saharan Africa
iflix and Kwesé, have announced an expansion of their...
South Africa gears-up for 2018 Budget Speech
Malusi Gigaba, South African Finance Minister will, today, 21...

Business

PwC comments on proposed 1% VAT rate increase

Wednesday, February 21st, 2018

PwC comments on proposed 1% VAT rate increase

The Minister of Finance announced in his Budget speech that the VAT rate will be increased by 1 % to 15% with effect from 1 April 2018. This increase is expected to raise additional revenue of ZAR22.billion. This will result in additional costs for consumers as they will now have to pay an additional VAT

National Treasury to assist state-owned companies

Wednesday, February 21st, 2018

National Treasury to assist state-owned companies

South African National Treasury will assist state-owned companies (SOCs) develop and implement robust turnaround strategies. This is according to Malusi Gigaba, South African Finance Minister.  Tabling the 2018 national Budget in the National Assembly on 21 February...

GDP growth expected to be 1.5% in 2018

Wednesday, February 21st, 2018

GDP growth expected to be 1.5% in 2018

South Africa’s Gross Domestic Product (GDP) is projected to come in at 1% in 2018, up from the 0.7% projected last year, Finance Minister Malusi Gigaba announced today, 21 February 2018. “The 2017 GDP growth projection has...

Illovo Sugar Africa positive economic impact estimated at ZAR23.8 billion

Wednesday, February 21st, 2018

Illovo Sugar Africa positive economic impact estimated at ZAR23.8 billion

Illovo Sugar Africa today, 21 February 2018, announced that during the 2016/17 financial year, the company’s total economic impact across its six countries of operation has been estimated at ZAR23.8 billion, comprising ZAR5.0 billion in direct impacts...

South Africa gears-up for 2018 Budget Speech

Wednesday, February 21st, 2018

South Africa gears-up for 2018 Budget Speech

Malusi Gigaba, South African Finance Minister will, today, 21 February 2018, table his maiden Budget speech in the National Assembly, Cape Town.  The much anticipated budget will be tabled at 14:00 (CAT) and will be broadcast live...

The value of a prospectus for investors

Wednesday, February 21st, 2018

The value of a prospectus for investors

A turbulent political climate and recent reports of financial irregularities at some institutions and companies have complicated decisions about how and where to invest. For many novice and even seasoned investors, a detailed roadmap to help you...

Adcock Ingram gross profit improves 13% to ZAR1.215 million

Wednesday, February 21st, 2018

Adcock Ingram gross profit improves 13% to ZAR1.215 million

The Adcock Ingram Group delivered healthy operating results in the half year under review despite a challenging operating environment characterised by political uncertainty and high levels of unemployment impacting on consumer spending. In a highly competitive environment,...

State Owned Entities (SOEs) pose risk to South Africa’s fiscal position

Tuesday, February 20th, 2018

State Owned Entities (SOEs) pose risk to South Africa’s fiscal position

SOEs have a crucial role in maintaining the basic infrastructure of South Africa. Some of the main sectors where SOEs are dominant include electricity, transport, mining, water, and telecommunications. In the 2015/16 financial year, the overall financial...

Emerging Africa Infrastructure Fund commits $200 million in loans

Tuesday, February 20th, 2018

Emerging Africa Infrastructure Fund commits $200 million in loans

The Emerging Africa Infrastructure Fund (EAIF), suppliers of debt finance to private sector infrastructure projects in sub-Saharan Africa, said on 19 February 2018 that it had ended 2017 on a high note with $200 million in loan...

Strict fiscal consolidation crucial to avoid Moody’s downgrade

Monday, February 19th, 2018

Strict fiscal consolidation crucial to avoid Moody’s downgrade

The shocking abandonment of fiscal consolidation as a key policy anchor in the October 2017 Medium Term Budget Policy Statement (MTBPS) led to the downgrade to sub investment grade by S&P and the credit watch by Moody’s....

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