Physical oil prices have fallen internationally, reflecting easing concerns over Russian-led supply disruptions and worries of a global economic slowdown
US retailers stocked up on goods last autumn and winter only to face a demand downturn as consumers divert spending to increasingly expensive fuel and food
Ramaphosa gave the Special Investigating Unit the green light to investigate allegations against the two boards earlier in August
The party has decided there should not be a cooling-off period as provided for in the Electoral Amendment Bill
Headline earnings could rise as much as 73% to R5.455bn in the insurer’s half-year to end-June
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Reducing people’s unnecessary movement for a few days as soon as new cases emerge is a key practice of the East Asian country’s Covid-zero strategy
Fiery hooker comes in as coach Jacques Nienaber reshuffles front row for All Blacks showdown
Mercedes-Benz will bring its luxurious EQS electric vehicle to SA later in 2022
The panel of experts on the national minimum wage seems to have no doubts that it will increase growth, reduce inequality and help the poor in SA. Yet it had to strike a balance between a higher prescribed minimum level (presumed so desirable in principle) and its consequences for unemployment, of which SA already has an unfortunate abundance.
Aggregate employment losses, using an assumed range of negative trade-offs of increases in wages for lower levels of employment, were estimated to range between an extra 100,000 and 900,000 jobs lost at the recommended minimum wage of R3,500 per month.
However, the panel did qualify its judgment. It noted correctly that "… there is no research or data that can accurately predict the outcome of any policy intervention…. That future changes to the level of R3,500/R20 per hour should be based on solid evidence of the impact of the national minimum wage...."
Another argument for breaking eggs to make omelettes, with little consolation to those who...
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