But transport costs climb as fuel prices jump Statistics South Africa (StatsSA) reported on May 22 that consumer price inflation declined from 4.5% year-on-year (y-o-y) in March to 4.4% y-o-y in April. A slowdown last month in inflation in the categories of alcoholic beverages & tobacco and recreation & culture countered an acceleration in price…
DetailsPwC is proud to announce the appointment of Shirley Machaba as its new CEO for Southern Africa, effective from 1 July 2019. Machaba is the first black African woman to be appointed in this role within PwC in Southern Africa, marking a significant milestone for the firm. Machaba takes over the reins from Dion Shango,…
DetailsContinent-wide analysis of African economies demonstrates positive correlation between economic growth and rising quality of governance indicators African economies could increase their output by $23bn if each economy applied governance reforms equivalent to those made by Cote d’Ivoire since 2013.The countries with the largest potential gains are those with a comparatively high GDP per head…
DetailsThe latest unemployment rate percentage in South-Africa, was announced on 14 May 2019. The unemployment rate rose to 27.6 percent in the first quarter of 2019 from 27.1 percent in the previous period. It is the highest jobless rate since Quarter 3 2017. “Reward and HR professionals, as well as SARA, know they have a…
DetailsBusinesses operate in a time of unprecedented volatility across economics, demographics and geopolitics. More than ever you need to explore new ways to cope with evolving and inter-related complexities in a challenging business environment. Aon South Africa, a leading insurance brokerage and risk advisor, has surveyed the risk and insurance landscape and reveal their take…
DetailsOrganisations should focus on developing stronger digital skills and capacity in their risk function in order to make more informed decisions about risk in a technology-driven world, according to the eighth edition of PwC’s Risk In Review study. The 2019 study has found that while many organisations have already embraced new technology as part of…
Details– Leading global bitcoin marketplace Paxful hopes to drive entrepreneurship in the bitcoin economy. – Paxful has +2 million users globally; South Africa is one of the top markets for Paxful internationally. Statistics South Africa on Tuesday announced that the unemployment rate has seen its highest increase since 2017. Alarmingly, the youth unemployment rate remains at…
DetailsHow will the future workplace function? Will the rise of digital dictate our working life as well as our social life? Chief Executive of global design and innovation studio Brilliant Basics, Anand Verma gives his thoughts on the future of work and how managers and organisations will have to start adapting to their employees with…
DetailsSection 12R of the Income Tax Act 52 of 1962, as a consequence of an initiative by the Department of Trade and Industry, was introduced in 2014 to enhance trade through the Special Economic Zone Act 16 of 2014 and attract direct foreign investment. The benefits Companies qualifying under section 12R are not taxed at…
DetailsMining has always been an intensive industry, from the perspective of resources, time, labour and people safety. The ability to analyse and derive intelligence from vast amounts of data generated across the various aspects of any mine is a revolution in this sector. With the incorporation of the Internet of Things (IoT) as well as…
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