Furious pushback on mandatory social security plan
Threats of lawsuits and insults. The government asked for public comment and got it in buckets. From Moneyweb. The Department of Social Development asked for […]
Month: August 2021
More than 4.5m retirement fund members have R45bn in unclaimed benefits – FSCA
Some 40% of this will likely never be claimed. From Moneyweb. Some 4.5 million retirement fund members were owed R45 billion in unclaimed benefits in […]
NW residents appeal court decision handing service delivery back to municipality
Head back to court in September to appeal judgment handing back control of water and sewage to the ‘dysfunctional’ municipality. From Moneyweb. The Kgentlkengrivier Concerned […]
Mandatory social security plan proposes another tax on the middle class
The government is determined to introduce a comprehensive social security system with a mandatory payroll deduction of 8-12% to help fund the scheme. From Moneyweb. […]
BHP rallies on record dividends as company says goodbye to London
The London Stock Exchange’s largest company plans to exit fossil fuels and move its primary listing to Australia. From Moneyweb. BHP shares rallied 7.4% on […]
How miners have come to the rescue of the fiscus – and shareholders
With a massive increase in both dividends and taxes over the last five years. From Moneyweb. Listed mining companies paid more than R130 billion in […]
IEC’s attempts to delay local government elections get serious pushback
Covid is not a good enough reason to delay elections, say several parties joining the IEC’s ConCourt case seeking to delay local elections. From Moneyweb. […]
Is the commodity supercycle stalling?
Slower growth out of China is taking steam out of runaway commodity prices. From Moneyweb. The post-Covid economic rebound has hit a speed wobble in […]
Return of the crypto bulls
Driven by a new era of high-net-worth capital flowing through to bitcoin. From Moneyweb. Bitcoin’s 54% rally to $46 000 in the last three weeks has […]
Record number of new company registrations in 2020 is a distress signal
As the 2008/9 financial crash showed, people set up companies when times get tough. From Moneyweb. The Companies and Intellectual Property Commission (CIPC) reports that […]