Hungarian energy group MOL has transferred the transit fee for use of the Ukrainian section of the pipeline
As the power of the West wanes world trade will increasingly happen in currencies other than dollars and euros
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
MEC for economic development, tourism and environmental affairs Ravi Pillay resigned as a member of the KZN legislature and as a member of the executive committee
SA’s fifth-biggest bank by value has increased its interim dividend by 81%, while headline earnings rose just more than a quarter
Pressure builds on government to step in after citrus and wool exports have been hit by phytosanitary restrictions
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
Pali Lehohla and Moeletsi Mbeki make an interesting argument, but they completely ignore international trends (“How bosses earning big bucks is behind SA’s economic malaise”, January 12).
SA is competing with the whole world for skills, so comparing what an employee with a good education earns with the SA economy or SA workers is simply not relevant. When it comes to manufacturing, those jobs have departed worldwide for Asia, so again there is no point in reducing salaries in SA to be competitive.
The answer lies in proper education and skills development. This will provide a much larger pool of employees with the required skills who can then assist with increasing our competitiveness. More competition among skilled workers for jobs will naturally result in a reduction in the salaries of such workers while making SA more competitive.
Eric MilnerVia BusinessLIVE
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