Hungarian energy group MOL has transferred the transit fee for use of the Ukrainian section of the pipeline
None of the interventions addresses the dysfunction that makes an initiative like this necessary in the first place
Williams has previously testified about hardships she faced during Faith Muthambi’s tenure as communications minister
Previously the MEC for KZN’s department of economic development, tourism & environmental affairs, premier Dube-Ncube is the first woman to lead that province’s executive
The hefty hike will be felt by all South Africans when gas-reliant manufacturers such as those that produce bread, are forced to hike prices
But Numsa’s Irvin Jim is adamant the sector can absorb the union’s demand for a 20% wage hike, way above the 6.5% headline inflation rate
That would allow President Ranil Wickremesinghe time to institute tough economic reforms to secure a bailout from the IMF
Failure to win on Saturday would put coach Ian Foster and captain under pressure in terms of their future with the team
Chris and Suzaan Alheit have been making some of the Cape’s finest whites for the past ten years, the latest vintage being no exception
The recent riots and looting in KwaZulu-Natal and Gauteng have starkly illuminated both the strengths and vulnerabilities of the retail sector, and that South Africans by and large depend on the smooth running of these supply chains for not only putting bread on the table but also for the survival of the economy. Retail trade accounts for a big slice of SA’s GDP, at 15%, and employs 20% of the workforce. It has been targeted by the government as a pivotal component in the economy’s recovery.
The predicted impact of the unrest on the economy is estimated at R50bn, not to mention the likely greater long-term damage. According to the Treasury, this devastating event will result in almost 1% being shaved off GDP in 2021. Furthermore, in the biggest month-on-month drop since April 2020, July retail sales plunged 11.2%, resulting in spiralling insurance premiums for businesses and real concern about surviving through another riot...
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