South Africa's construction industry has been grappling with many issues recently including that of late or non-payment of subcontractors by contractors and clients. This has not only created cash-flow difficulties for subcontractors but also raised concerns about the stability and trust within the industry. How to manage and find solutions is key to addressing the issues.  Thami Ngubeni spoke to Yusuf Bodiat, Chief Financial Officer of the Federated Employers Mutual Assurance Company, FEM...

South Africa's construction industry has been grappling with many issues recently including that of late or non-payment of subcontractors by contractors and clients. This has not only created cash-flow difficulties for subcontractors but also raised concerns about the stability and trust within the industry. How to manage and find solutions is key to addressing the issues.  Thami Ngubeni spoke to Yusuf Bodiat, Chief Financial Officer of the Federated Employers Mutual Assurance Company, FEM...

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

South Africa's construction industry grapples with late or non-payment of subcontractors by contractors and client

South Africa's Health Minister, Aaron Motsoaledi, responding to parliamentary questions, says the removal of medical-aid tax credits is provided for in the National Health Insurance Act (NHI Act). Motsoaledi emphasised that the Act does not compel medical-aid members to abandon their schemes, and individuals can legally remain on private medical aid even if the tax credits are withdrawn. This follows the health department’s revelation that it is in talks with National Treasury to phase out the medical-aid rebate and redirect the ‘savings’ towards the NHI. Thami Ngubeni spoke to Thoneshan Naidoo, CEO of the Health Funders Association (HFA).

South Africa's Health Minister, Aaron Motsoaledi, responding to parliamentary questions, says the removal of medical-aid tax credits is provided for in the National Health Insurance Act (NHI Act). Motsoaledi emphasised that the Act does not compel medical-aid members to abandon their schemes, and individuals can legally remain on private medical aid even if the tax credits are withdrawn. This follows the health department&rsquo;s revelation that it is in talks with National Treasury to phase out the medical-aid rebate and redirect the &lsquo;savings&rsquo; towards the NHI. Thami Ngubeni spoke to Thoneshan Naidoo, CEO of the Health Funders Association (HFA).

Debate continues over removal of medical-aid tax credits ahead of South Africa's National Health Insurance Act

As part of South Africa's 16 Days of Activism against Gender-Based Violence, the Nedbank Group is running a campaign to highlight financial abuse against women. The bank notes that financial abuse is often overlooked, yet features in up to 99% of domestic abuse cases. Nedbank says such abuse can take many forms, including restricting access to bank accounts, withholding income, or sabotaging employment opportunities. Thami Ngubeni spoke to Ramotse Phalatse, Design Strategy Executive at Nedbank.

As part of South Africa's 16 Days of Activism against Gender-Based Violence, the Nedbank Group is running a campaign to highlight financial abuse against women. The bank notes that financial abuse is often overlooked, yet features in up to 99% of domestic abuse cases. Nedbank says such abuse can take many forms, including restricting access to bank accounts, withholding income, or sabotaging employment opportunities. Thami Ngubeni spoke to Ramotse Phalatse, Design Strategy Executive at Nedbank.

Nedbank highlights financial abuse against women during 16 Days of Activism against GBV

New concerns about South Africa's financial skills shortage and the country’s ability to retain critical talent have emerged from a high-level discussion among senior finance and accounting leaders in Mombasa, Kenya. Experts warned that without stronger investment in digital and professional skills, the country risks falling further behind global standards. Channel Africa's Lebogang Mabange reports.

New concerns about South Africa's financial skills shortage and the country&rsquo;s ability to retain critical talent have emerged from a high-level discussion among senior finance and accounting leaders in Mombasa, Kenya. Experts warned that without stronger investment in digital and professional skills, the country risks falling further behind global standards. Channel Africa's Lebogang Mabange reports.

South Africa's construction industry grapples with late or non-payment of subcontractors by contractors and client

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