News24 Business | GEPF says 95% of its two-pot withdrawals have now been paid
The Government Pension Administration Agency announced this week that it had paid 95% of the two-pot withdrawal applications.
Business
Stock markets and dollar rise as US election in focus
Investors are also focused on a US central bank rate decision and a key announcement on the Chinese economy.
Warning millions will struggle to pay water bill rises
A proposed average rise of 21% a year will cause ‘intolerable strain’, a consumer group warns.
News24 Business | Popular plug-in insect repellent can’t back up claims, says watchdog
The Advertising Regulatory Board has upheld a complaint against Homemark over the veracity of its advertising claims about the effectiveness of one of its plug-in insect repellents, Pest Magic, saying they’re not supported by enough solid evidence.
PM responds to Sir Alan Bates after repeated requests
Sir Alan wrote to the PM twice in the past month, urging him to ensure victims receive full financial redress by March next year.
News24 Business | South Africans to get ‘unique ID’ for everything from taxes to hospitals
South Africa plans to create unique identities for its citizens and issue instant visas as it digitises its economy.
News24 Business | Business brief | Pan African bets (sort of) down under; Boeing’s crippling strike ends
An overview of the biggest business developments in SA and beyond.
News24 Business | M&R crashes almost a quarter as it warns of liquidity crunch, hit from De Beers’ cutbacks
Shares of construction and engineering group Murray & Roberts crashed by almost a quarter on Tuesday after it warned of pressure on its earnings as a result of liquidity issues and diamond miner De Beer’s planned production cuts.
NI rise hits workers harder than employers, says OBR
The change comes into effect from April, although some say low-paid workers bear the brunt.
Netflix Europe offices raided in tax fraud probe
The raid is part of an investigation in France and the Netherlands that began in November 2022.
Vodafone-Three merger could get green light, watchdog says
It wants commitments on prices and 5G if the creation of the UK’s biggest mobile network is to go ahead.
Shoppers warned over luxury advent calendar scams
The consumer group Which? is urging shoppers looking for a good deal to beware of fake offers.
Shoplifting levels ‘unacceptable’, inquiry finds
Cases are under-reported and “immediate action” is needed to tackle the crisis, a Lords review finds.
Primark owner profits jump despite summer washout
It said clothes sales in the UK and Ireland grew despite dampened demand for beach and swimwear.
News24 Business | This pension fund administrator promised transparency – now its bosses were fined R30m each
An investigation found that N-e-FG Administrators, a pension fund manager based in Vanderbijlpark, Gauteng, has liabilities of nearly half a billion rand.
Boeing strike ends as workers back 38% pay rise offer
The damaging walkout by more than 30,000 unionised Boeing workers started on 13 September.
Why colouring clothes has a big environmental impact
Start-up firms are looking for ways to dye clothes using less water and heat.
News24 Business | Fitch signals path for SA rating upgrade after medium-term budget
Fitch Ratings signaled that it may upgrade South Africa’s credit outlook if the government sticks to its path to stabilise debt as outlined in its three-year budget plan.
News24 Business | Business brief | Collins Property sees confidence boost; Boeing workers mull improved offer
An overview of the biggest business developments in SA and beyond.
News24 Business | Dondo Mogajane steps down as GEPF chair, Moti Group CEO following VBS allegations
Dondo Mogajane announced that he will step down from all professional roles and boards because of allegations made against him by the former chair of VBS Mutual Bank.
News24 Business | Oil fire hits Eskom power station, but no load shedding predicted
Eskom has said that power cuts will remain suspended despite an oil-related fire at its Kriel Power Station, which has taken 475MW of its capacity offline.