Reserve Bank governor casts deciding vote on repo rate

JOHANNESBURG - South Africa’s rand headed to the long weekend on a firmer footing supported by both the US Federal Reserve Bank and the SA Reserve Bank (Sarb) decision to keep their benchmark repo rates steady this week which halted the decline in the faltering local unit.

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Finance committee receive reply from finance minister

JOHANNESBURG –The Standing Committee on Finance has received a reply from the Minister of Finance, Mr Malusi Gigaba, with regard to the Committee’s concern about the legality of the extension of the term of office of the Chairperson of the Board of South African Airways (SAA), Ms Dudu Myeni.

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OPINION: Which municipalities spend most per person?

JOHANNESBURG - Multidimensional poverty is a window through which the basket of services - the so-called social wage - South Africa provides especially for the poor.

Money metric measures show how deprived of money or purchasing power people are, but measures based on provision and access to services give a picture on how poverty is impacted. These services range from water and electricity, to social grants among others.

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SAP to provide SA with answers

CAPE TOWN - SAP has announced that it would provide an update on the investigation into allegations of wrongdoing in its South African business during the last week of October, 2017. It was reported earlier that SAP paid alleged kickbacks to gain state contracts.

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Cosatu to strike in Gauteng over state capture

CAPE TOWN - South Africa’s economic hub of Gauteng is expected to take a huge knock when thousands of Cosatu members down tools and embark on a national strike tomorrow.

The planned national shutdown by the labour federation was against the scourge of corruption and the capture of key state institutions by rogue elements in close proximity to the ruling elite.

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Mpact not involved in wage talks with Numsa

JOHANNESBURG - Mpact, which was spun out of Mondi, said on Friday that it was not involved with wage negotiations with the National Union of Metal Workers of South Africa (Numsa). The company was responding to reports that its workers in Pinetown had gone on a strike following a breakdown in negotiations.

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Ethnic African dolls go international

JOHANNESBURG - A Johannesburg mother’s struggle to find a doll that can relate to her one year-old daughter has turned into a lucrative business for Molemo Kgomo 46, and placed her on the world map.

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