Business

Only 5.8% of South Africa’s population is paying about 92% of all personal tax in the country, according to Econometrix chief economist and director Azar Jammine.

Organised business bodies in Durban, have expressed shock and disappointment at the move, saying the industry was not consulted.

Fuel prices are set for a significant spike when the price for February is adjusted next week.

The South African wine industry body Vinpro is heading to the Cape High Court in an attempt to have the ban on the sale of wine under the current lockdown level 3 regulations overturned.

The Eastern Cape Government has welcomed Transnet National Ports Authority's (TNPA) decision to relocate its headquarters to Nelson Mandela Bay.

The South African Reserve Bank (Sarb) and the Financial Sector Conduct Authority (FSCA), in consultation with the Payments Association of South Africa, have warned the public not to use instant electronic funds transfer (EFT) online payment services as a payment option.

An entity owned by SA Express workers has secured two anchor investors, Imperial Capital and the Landile Shembe Foundation, to help the airline restart its operations.

Mirror Trading International (MTI) says it is preparing a countersuit after a raid at several locations on Monday by the Financial Sector Conduct Authority (FSCA).

The Association says there seems to be some stability returning to oil as the world's markets begin to find their equilibrium again.