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Get the latest Business and Financial news in South Africa as it happens.

Recession-proof stocks for you

  SIKI MGABADELI:  You are probably tired of hearing it but, sorry for you, it can’t be avoided. South Africa is officially in recession. I think it’s the first time since 2008/9 that we’ve entered a recession – and that is defined as two quarters of negative GDP growth. But …

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SMEs and Tax: what to consider before registering your business

  However, the decisions entrepreneurs make from the outset will have lasting consequences. Businesses, in general, benefit from a lower tax rate than private individuals. Small businesses are typically liable for three types of tax: turnover tax, value added tax (VAT) and an employee tax, comprising Pay-As-You-Earn (PAYE) and Unemployment …

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Fawu to march against sugar tax

The Food and Allied Workers’ Union (Fawu) will march to the National Treasury in Pretoria on Monday to protest against the proposed introduction of a sugar-sweetened beverages (SSB) tax, or “sugar tax”. Fawu general secretary Katishi Masemola said in a statement that the protest is informed by the “admission” from …

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#FeesMustFall calls for protest at Parliament

The #FeesMustFall movement issued a call in the early hours of Wednesday for protest action at Parliament where Finance Minister Pravin Gordhan was set to table the Medium-Term Budget Policy Statement (MTBPS). “We call upon all citizens of this country to descend to parliament and other strategic institutions on 26 …

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Dis-Chem Pharmacies plans to list on JSE

Dis-Chem Pharmacies on Monday announced its intention to list on the main board of the Johannesburg Stock Exchange. The company, which sells pharmaceuticals and a wide range of household goods and health and beauty products, said the proposed listing was subject to market conditions and JSE approval. Dis-Chem, which has …

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MTN credit rating follows Nigeria’s downwards

MTN said on Monday that Standard & Poor’s had lowered the group’s credit ratings in the wake of its September 16 downgrade of Nigeria’s sovereign rating. “The sovereign downgrade reflects increased risk for MTN Group as MTN Nigeria is a significant contributor to the group,” MTN said. – Africa News …

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Zuma congratulates South Africans on economy growth

President Jacob Zuma on Tuesday congratulated the South African government, business and labour after the announcement by Statistics SA (Stats SA) that the economy grew by a seasonally adjusted 3.3 percent in the second quarter. The growth was more than the 2.7 percent quarter which was predicted economists. Stats SA …

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