South Africa has the third-largest public sector wage bill
According to a report by the Centre for Risk Analysis, over R721 billion a year goes to the public sector wage bill. This report highlights that South Africa has the third-highest government wage bill as a share of GDP compared with 20 major global economies. Although South Africa has a much smalle…
Innovation Wednesdays COOi Studios
In this week's Innovation Wednesday, Lerato Mbele spoke to innovator and entrepreneur, Sandiso Sibiso who is the founder of COOi Studios. COOi is a strategy, design and technology accelerator delivering innovative solutions for large enterprises.
Higher Education Department Returns R580Mn to Treasury
The Department of Higher Education has returned as much as R580 million in funds to the national treasury, despite the high number of unfunded students. The funds were allocated for specific purposes and could not be reallocated, according to former Higher Education minister, Blade Nzimande.
Miss SA Finalist Chidimma Adetshina Faces Xenophobic Attacks
Miss South Africa finalist, Chidimma Adetshina has faced xenophobic attacks on social media about her eligibility to represent the nation. Adetshina has faced criticism with users questioning her South African identity. The finalist stated in a video that she was born and raised in South Africa, So…
President Ramaphosa Signs Pension Funds Amendment Bill into Law
In this week's masterclass we unpack, in detail, the two-pot retirement system which has now become official. Ramaphosa signed the bill into law which resulted from pressure from trade union movements. The two-pot retirement system will allow fund members to withdraw a part of their pension fund sa…
Europe Turns to Conscription as Threat of Wider War with Russia Grows
In this week's across the globe, Russia's ongoing war in Ukraine has reminded European countries about the importance of manpower with many, once again weighing the promises and perils of compulsory military service.
CoGTA Minister Says SA Municipalities are Underperforming
New Minister of Cooperative Governance and Traditional Affairs, Velenkosini Hlabisa spoke firmly against dysfunctional municipalities that have even failed to pay salaries. During his Budget Vote speech, Hlabisa highlighted the hurdles faced by local municipalities and said that it is now the job o…
Basket of Essential Food Items To be Expanded Exempt from VAT-Ramaphosa
South African President, Cyril Ramaphosa says the Government of National Unity will expand the basket of essential food items exempt from VAT and identify areas where prices can be reduced. Ramaphosa spoke during the Opening of Parliament last week and hopes this measure will alleviate poverty in t…
The View of the Nation: Gauteng's Water Crisis Persists
In this week's view of the nation, the Gauteng province continues to bear the brunt of little to no water running through taps as a result of Rand Water maintenance processes. The water utility assured citizens about 2months ago that they will have cleaning running water soon. While parts of Johann…
This Week’s Diary: 22 July 2024 - Thando Maeko BusinessLIVE Reporter
On this week's diary, Lerato Mbele was in conversation with BusinessLIVE Reporter, Thando Maeko.