Business and Finance |

Welcome to Webmail!

We offer FREE email, cloud storage and more. Get your FREE account!


Around the world, Covid-19 prompts new look at company taxes

Around the world, Covid-19 prompts new look at company taxes

The huge public deficits that have piled up as governments bail out their pandemic-hit economies are prompting the first rethink of a four-decade decline in corporate tax rates worldwide.

Jack Ma loses title as China's richest man after coming under Beijing's scrutiny

Alibaba and Ant Group founder Jack Ma has lost the title of China's richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators.

Young entrepreneurs beat Covid setback with booming restaurant

After the Covid-19 pandemic wreaked havoc on the hospitality industry across the world, two newly graduated hospitality students were sent back to SA after losing their lucrative jobs overseas.

Standard Bank to assess 'way forward' on East Africa oil pipeline

Standard Bank has hired an independent environmental and social advisor to help assess its involvement in Total's East African Crude Oil Pipeline that environmental groups have opposed, it said on Monday.

Chartered accountant pulls youth out of abject poverty

Living with a man who fixed cars every time he came back from work inspired Zakhele Mkhize to think about becoming an accountant as he hated what he saw.

GEPF self-service website and app is live

SPONSORED | Visit or download the GEPF Self-Service app from Google Play Store or Apple iStore

Service provider Bidvest reports 6% half-year profit rise

South Africa has signed an agreement with Johnson & Johnson to secure 11 million COVID-19 vaccine doses and will ease restrictions due to a decline in new cases, President Cyril Ramaphosa said on Sunday.

Are you a Phuthuma Nathi shareholder with unclaimed dividends?

SPONSORED | The MultiChoice BBBEE share scheme wants to pay out R207m in unclaimed dividends to 22,000 shareholders

MTN eyes R982m deal for Syrian business

MTN Group remains committed to negotiating a R982 million sale of its 75% stake in its Syrian unit, the South African mobile operator said on Sunday, despite the business being placed under judicial guardianship last week.

SA seeks to lift infrastructure investment with change to pension fund rules

The National Treasury is proposing changing rules governing pension funds to encourage investment in infrastructure projects.

Steinhoff agrees sale and lease-back of Conforama Iberia properties

Retail group Steinhoff is to sell the properties of its European subsidiary Conforama Iberia and lease them back, it said on Friday, as part of efforts to cut debt and pay back creditors.

WEBINAR | What diversity and equality means for the evolving media landscape

Join the Sowetan Women's Club online discussion on March 3 at 4pm

Nomkhita Mona appointed CEO of SA Post Office

Nelson Mandela Bay Business Chamber CEO Nomkhita Mona has been appointed as the new group CEO of the SA Post Office.

Extra backing for small business praised

The business community has welcomed government increase on supporting small enterprises and called for more urgency in implementing its plans.

Budget speech 2021 | Finance minister Tito Mboweni

Finance minister Tito Mboweni tabled the 2021/2022 budget before the National Assembly on Wednesday.

Alcohol‚ cigarettes and petrol to cost more as taxes are hiked in 2021 budget

The government’s decision to ban the sale of alcohol and tobacco products has hit it hard in the pocket as more than R24bn could have been collected in excise duty or “sin” taxes.

Facebook to restore Australian news pages after tweaks to media laws

Facebook will restore Australian news pages after Canberra offered amendments to a proposed law designed to force tech giants to pay for media content displayed on their platforms, Treasurer Josh Frydenberg said on Tuesday.

Beer Association calls for tax relief ahead of budget speech

The Beer Association of SA (Basa) has called on finance minister Tito Mboweni to offer the industry some tax relief ahead of his budget speech on Wednesday.

Imperial Logistics prepares for European exit

Imperial Logistics is ready to proceed with an exit from its international business as part of its strategy to focus on Africa, the freight group said on Tuesday as it posted a 43% drop in half-year headline earnings.

LVMH's Moet Hennessy confirms champagne deal with rap star Jay-Z

French luxury goods group LVMH's Moet Hennessy unit confirmed on Monday a champagne deal with rap star Jay-Z, whereby Moet Hennessy will buy a 50% stake in Jay-Z's Armand de Brignac champagne brand.

Amplats to raise output after high metals prices boost profit

Anglo American Platinum (Amplats) on Monday posted a price-driven jump in annual profit and set its sights on boosting output by 20% while looking to capitalises on global decarbonisation efforts.

How PPS is supporting SA’s health-care workers

SPONSORED | PPS paid out 3,001 Covid-related claims to the value of R251.5m between March and December 2020

SA's economic rebound expected to trim budget deficits

South Africa's consolidated fiscal deficit is expected to narrow this year because of an economic rebound, although the long-term trend of higher debt remains unchanged due to COVID-19 and pre-existing spending, a Reuters poll forecast on Friday.

Sibanye-Stillwater profit rises as metals prices climb

Sibanye-Stillwater reported on Thursday a rise in 2020 earnings and reduced debt, helped by higher metals prices and output, and said it could now focus on how best to use its capital to serve stakeholders.

SAA gets R5bln from govt to pay laid-off workers - statement

SAA has received a further 5 billion rand ($346 million) from the Department of Public Enterprises to complete severance payments that form part of its rescue plan, bankruptcy administrators said.

KPMG's SA arm to stop offering 'non-audit-related services'

Global auditor KPMG's SA arm will no longer offer "non-audit-related services" to companies listed in the country, the firm said on Monday, hoping to restore trust in its operations here.

Future economists warn against SARB changes

Future economists believe that a change in the mandate and ownership of the SA Reserve Bank (SARB) would be detrimental to already poor economic growth.

Rand rises on J&J vaccine plans, stocks near record high

The rand and Russia's rouble led gains across currencies in Europe, the Middle East and Africa (EMEA) on Tuesday.

Nothing is too big or small to be a financial goal

First steps are to draw up a budget and start saving
Back to Top