New corruption laws proposed for businesses in South Africa
One of the proposals from Chief Justice Raymond Zondo’s State Capture Report is to include failure to prevent corruption as a new criminal offence for companies. According to law firm Bowmans, this recommendation by Zondo will require the amendment of the Prevention and Combating of…
Cabinet approves $8.5 billion plan to move away from coal in South Africa
South Africa’s cabinet has endorsed an investment plan to help the country transition away from the use of coal, a key step in securing $8.5 billion in climate finance on offer from the world’s richest nations. The plan envisages the closure and re-purposing of coal-fired…
72 hospitals now exempt from load shedding in South Africa
The number of hospitals excluded from load shedding across the country has now increased from 37 to 72 since the last public announcement by Health Minister, Dr Joe Phaahla, in September. Meanwhile, the Department of Health said more efforts are being made to implement the…
Parliament tells Mbalula to fix his ‘continuously breaking’ driving licence machine
The Acting Chairperson of the Portfolio Committee on Transport, Mr Lisa Mangcu, has expressed concern over the continuous breakdowns of the licence-producing machine that is used by the Driving Licence Card Account. He said the breakdowns caused unnecessary panic among South Africans and should be…
Why do I need a personal broker?
Ours is a self-help society, driven by the myriad opportunities offered by technology and the internet. Bank tellers, travel agents and estate agents are under threat as consumers cut out the middle man. Over the last decade or so, the insurance industry has been particularly…
Government using Covid-19 as a jump pad for the NHI: minister
Health minister Joe Phaahla says that his department has budgeted R1.5 billion for National Health Insurance infrastructure projects in the coming year, as the government doubles down on its commitment to the universal healthcare scheme, despite numerous challenges and objections. Tabling his department’s budget vote…
South African Medical Association sends warning to government over doctors and other professionals
The South African Medical Association (SAMA) states that the federal government is establishing the nation’s health care sector to stop working by not employing or training adequate medical professionals or nurses and other health care experts. Reacting to remarks made by health minister Joe Phaahla…
4 projects that government says will boost South Africa’s economy
Minister in the Presidency, Mondli Gungubele, states Cabinet has actually invited the fulfillment of significant financial investments and accomplishments made by regional and global business in the nation. He was on Thursday instruction media on the results of the Cabinet conference hung on Wednesday. ”…
The bank branches where you can get your Smart ID or passport in South Africa
Many of South Africa’s popular banks plan to extend the number of branches where customers can get their smart ID cards or passports, and avoid the chaotic Home Affairs process. Minister Aaron Motsoaledi said in a parliamentary meeting last year, that the Department of Home…
South Africa can forget about economic growth until municipalities change
Lots of towns are stopping working to fulfill the fundamental requirements of their constituents, consisting of supplying appropriate access to water, sanitation, real estate, and electrical power, states Londa Nxumalo, portfolio supervisor at Allan Gray. As a result, faith in the system has actually worn…
Veteran investor on South Africa’s fight against corruption
Mark Mobius, a veteran emerging-markets financier and co-founder of Mobius Capital Partners, stated South Africa’s efforts to take on corruption that’s stalled its economy for practically a years are motivating. About R500 billion ($ 31 billion) was taken from the state throughout the nine-year reign…
Joburg announces 1,500-unit inner-city housing project
The City of Johannesburg has actually tactically imploded the condemned Kaserne Structure in Jeppestown, including a brand-new mixed-use advancement that will offer inexpensive real estate. The structure was condemned by the court in 2021 after it ignited due to a prohibited electrical power connection. 9…