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 | WENDELL ROELF South Africa selects Russia's Gazprombank Africa as an investment partner for the mothballed Mossel Bay GTL plant, aiming to revive it amid fuel-supply concerns... read |
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 | MIKE SETTAS ANC's unaltered adoption of the National Health Insurance Bill reflects its entrenched socialist narrative, blaming the private sector, notably section 33, risking severe repercussions for healthcare and governance...read |
|  | KATJA HAMILTON South Africa faces severe economic challenges with a 0.2% GDP decrease in Q3 2023. The country risks recession amid rising unemployment and energy crises...read |
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 | The National Minimum Wage (NMW) Commission has issued another invitation to interested parties to submit written representations concerning possible adjustments to South Africa’s national minimum wage in 2024... Read |
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| |  | In SA, businesses applying for crypto licenses are mostly registered financial service providers, signaling an impending expansion of crypto offerings. Institutional interest and investment are rising, with firms exploring crypto beyond traditional investments… Read |  | |
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| Accounting & Auditing |
 | ISSUED BY SAICA Keshni Kuni, of Standard Bank Group South Africa, has been appointed to the International Accounting Standards Board’s (IASB) Global Preparers Forum (GPF) for an initial five-year term... Read |
 | TANDO FAKU, ISSUED BY SAICA In unlocking South Africa’s township economy, Evergrow Seedlings, an agribusiness startup founded in Soweto has grown significantly since its establishment in 2018... Read |
| Banking |
 | This was announced at the recent Nedbank Green Indaba by Poovi Pillay, executive head of corporate social investment at Nedbank... Read |
| Economy |
 | South Africans are preparing to ditch the work shackles and enjoy a well deserved break. For some, this will include travel, entertaining, and purchasing of gifts. This increased expenditure creates a spike in retail sales... Read |
 | South Africans may cut festive spending due to a Q4 decline in consumer confidence, hitting a two-decade low... Read |
 | Although the volume of Black Friday and Cyber Monday sales increased over the sales period, data shows that the value of transactions and the timing of purchases made indicate that consumers are carefully shopping around while also spending less... Read |
 | ISSUED BY AICPA & CIMA Business executives don’t have a strong sense of where the economy is headed, and their mixed-bag outlook reflects that, according to the fourth-quarter AICPA & CIMA Economic Outlook Survey... Read |
| Financial Services |
 | Busa and B4SA plan to formally petition President Ramaphosa, urging him to send the NHI Bill back to the National Assembly for necessary amendments. They assert the current bill is unworkable, unaffordable, and unconstitutional… Read |
 | The NHI Bill, backed by all provinces except Western Cape, was passed by the NCOP. Premier Winde urges President Ramaphosa to reject it, citing constitutional and affordability concerns... Read |
 | The South African Medical Association Trade Union (Samatu) hails the National Health Insurance (NHI) Bill's passage as a milestone towards universal health coverage, praising the Ministry's transparent approach and urging continued collaboration... Read |
| Fintech |
 | ANDY JURY New fintechs are facing a myriad challenges amid macroeconomic pressures, but those that will survive are those that prioritise customer experience over price, anticipate regulation opportunities, and favour partnerships for stability. Read |
| Insurance & Actuarial |
 | ANDREW NAIDOO Companies have long known that their information may be open to attack from digital pirates. The digitalisation of most aspects of business and the growing sophistication of hackers’ strategies, results in the average company not keeping pace in employing adequate cyber risk control measures... Read |
| Markets & Investment |
 | CHRIS MFULA Zambia's Copperbelt Energy Corporation will issue the southern African country's first green bond by the end of the year, the power company said, with a $54m note to be sold as part of a $200m green bond programme... Read |
 | SIMON JESSOP African Development Bank's head urges exemption from EU carbon tax, estimating a $25bn annual cost, with further concerns that Cbam would hinder industrialisation, favouring raw-material exports... Read |
| Africa |
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 | A Kenyan judge on Thursday found Facebook's parent company Meta was not in contempt of court for failing to pay dozens of content moderators that a contractor laid off... Read |
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| Business |
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 | Icasa's Draft National and Provincial Party Elections Broadcasts and Political Advertisements Amendment Regulations public hearings will take place on 8 December... Read |
 | Cabinet has considered and approved the draft National Business Licensing Policy for public comments... Read |
 | SIPHUMELELE NHLAPO Recent statistics by global workplace consulting and research organisation, Gallop estimate that lost productivity, owing to low employee engagement, could account for $8.8tn loss in global gross domestic product... Read |
 | MPUMELELO NXUMALO AND KALENE WATSON The duty of good faith and the implications of moonlighting for employees was underscored in a recent Labour Court judgment. The court emphasised the necessity of proactive disclosure to employers, affirming that moonlighting, without prior approval, constitutes a breach of contract... Read |
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