A Public Lecture by Lesetja Kganyago, Governor of the South African Reserve Bank Stellenbosch University (virtual)Wednesday 8 September 2021 Inflation-targeting at 21- lessons for the future This is a year of anniversaries for the South African Reserve Bank (SARB). The institution itself has reached 100 years. The rand has turned 60. We are commemorating 25 years of…
South Africa’s gross domestic product (GDP) increased by 1,2% in the second quarter of 20211. The transport, storage and communication industry increased by 6,9% in the second quarter, and made the largest contribution to GDP growth, namely 0,5 percentage points. Increased economic activity was reported for land transport and communication services. The personal services industry…
Randburg Chamber of Commerce of Industry member Master Power Technologies has been appointed by the Raxio Group to build and install multiple Data Centres in Africa. The Raxio Group is a premier Pan-African Data Centre Developer and Operator. Following its first facility in Uganda, Raxio’s next suite of Data Centres are being developed in Ethiopia,…
For more information, please visit https://www.idc.co.za/unrest-funding/.
Employment and Labour minister Thulas Nexsi has established a temporary relief scheme aimed at giving relief to vulnerable workers impacted by the recent looting and unrest. In a government gazette published on Tuesday (10 August), Nxesi said that the relief will be given to those who are unable to work because of the closure of…
Last month, Engineering News reported that Gauteng Public Transport and Roads Infrastructure MEC Jacob Mamabolo had confirmed that his department intends to determine a route for Phase 1 of the Gautrain Rapid Rail Integrated Network extensions in terms of the province’s Transport Infrastructure Act. The proposed route starts at the Little Falls Station, on Hendrik Potgieter road in Willowbrook. From there, the route runs in a north-easterly direction towards Zandspruit,…
Professional services firm PwC has published its latest economic outlook for South Africa, which includes forecast scenarios for the country’s lockdown levels and their likely impact on the economy. The group’s economic scenarios for 2021 are strongly influenced by different perspectives about the third wave of Covid-19 infections. On 27 June, president Cyril Ramaphosa announced…
The Department of Small Business Development is calling on all small enterprises and informal traders whose businesses were looted or vandalised during the July 2021 unrest to apply for the Business Recovery Support Packages. Business Recovery Programme Uninsured small enterprises impacted by the unrest. Small enterprises which require funding for working capital, equipment, and furniture….
Eskom says that it will close parts of the N3 highway in KwaZulu-Natal in the coming weeks as it installs conductors. The closures will impact the Lions River area, with the major highway set to be closed for two-hour intervals. The work is set to begin on Monday (16 August) and will continue at semi-regular…
Kaspersky Lab’s Securelist has released its Spam and Phishing Report for the second quarter of 2021 and revealed several WhatsApp scams circulating on the widely-used mobile messaging platform. Advance-fee fraud remained a popular technique to trick people into transferring money to scammers on the promise that they would receive a larger sum in return. “Victims were asked,…
The Department of Small Business Development (DSBD) in collaboration with the Department of Trade, Industry and Competition (the dtic) is conducting a survey on the Impact of the Looting on Businesses Operations in the Country. The purpose of the survey is to determine the level of damage after the unrest in order to develop appropriate…
Summary of the speech made by President Cyril Ramaphosa on Sunday 25 July 2021SA moves to LOCKDOWN LEVEL 3, with immediate effect. Curfew: 22:00 to 04:00 Social relief grant will be reinstated from August 2021 untill March 2022 – “the R350 is back”- watch out for the registration information. Gatherings: limited to 50 indoors and…
Has your small business been affected by looting and riots? We would like to lend a helping hand in getting you up and running again. You are not alone, Sisonke! Let’s build our township economy kaofela! Fill in your details here:: https://forms.gle/y3DFrDciak2eQwdN8 Our endeavour with our partners is to assist with either stock, infrastructure or…
The Future of Randburg We All Want This is a recording of the online meeting held on Friday 16th July 2021. The meeting was hosted by Mr. Richard Ntjana, the President of RCCI and Ms. Linda Blackbeard, RCCI CEO. All stakeholders, security clusters, law enforcement agencies, business and community members at large were invited to…
On top of everything else, an economically destructive fuel shortage may be on the cards. South Africa’s largest crude oil refinery, Sapref, said on Tuesday it was shutting down and declaring force majeure on contracts in the face of the ongoing social unrest partly triggered by the jailing of former president Jacob Zuma. The Shell/BP…
Sasria is a Non-life Insurance Company that provides coverage for damage to property caused by special risks such as politically motivated malicious acts, riots, strikes, terrorism and public disorders. Sasria cover is bought through insurance companies who are responsible for the administration of Sasria cover. If your business is insured, you should check if your…
Press Release July 13 2021 The Small Business Institute (SBI) strongly condemns the wanton looting of businesses, destruction of vital economic infrastructure, burning of trucks and blockading of roads primarily in KwaZulu-Natal and Gauteng. We also call on law-enforcement agencies to urgently protect lives, property and businesses which have become the main target of the…
Current no-go zones for vehicles at 10h00 on Monday 12th July 2021 KZN Springfield Durban CBD Umkomaas, Umgababa N2 and R102 Mvoti Toll, Ballito M13 Westville R33 Paulpietersburg N3 between Harrismith and PMB PMB Brookside mall Escort and surrounding areas Stanger Ladysmith: R103, Peacetown, Roosboom, R616 Acton Homes, N11 Driefontein Gauteng R23 Germiston M44 Benoni…
