BUSINESS

BUSINESS

From junk status to recession? SMMEs feeling the pinch

From junk status to recession? SMMEs feeling the pinch

And some of emerging entrep reneurs are feeling the pinch as business slows down, resulting in job losses for breadwinners. Recession, has hit South Africa since 2009, following the latest figures showing there had been negative economic growth for two successive quarters. An emergency meeting has been called by minister of finance Malusi Gigaba to […]

We will weather the storm-says Net1 new boss

We will weather the storm-says Net1 new boss

This follows reports that the company tasked with distributing grants on behalf of the State, is unlawfully making deductions and debit orders. “This will put all these malicious reports and instability finally to rest. Yes, it does hurt us as the company and it can’t be business as usual,” said the unassuming Kotze, during his […]

Create wealth and not buy shares-Minister

Create wealth and not buy shares-Minister

Rob Davies‚ the trade and industry minister‚ told a launch ceremony in Hammanskraal‚ north of Tshwane‚ radical economic transformation is about “bringing fundamental change in the structure of our economy‚ as well as patterns of ownership‚ participation and management in favour of the majority of people of the country”. The Department of Trade and Industry […]

Net1 boss set to retire

Net1 boss set to retire

Belamant(65) who recently relinquished his chief executive role as part of the company’s structural and management move, will retire from all his duties in May 31 2017, according to the board. However, his technical and international expertise will still be used as part of consulting for the period of two-years’. “Mr Belamant is a visionary […]

Masana Petroleum fuels CSI projects

Masana Petroleum fuels CSI projects

As a result, it contributed to 10 Social and Education Institutions in South Africa, in support of their valuable work in Education, Youth Development, Health, Environment and Community Development. In March, the petroleum company handed over projects they did for the Villa of Hope in Nancefield, Soweto. “This has been one of our highlights as […]

Walk in Center one stop shop for emerging businesses in Gauteng

Walk in Center one stop shop for emerging businesses in Gauteng

This is part of the Ntirhisano outreach consultation programme. The Centre offers a wide range of services including liquor licence applications; Small, Medium and Micro-sized Enterprises (SMMEs) and cooperatives financial and non-financial support; household food security and consumer related services; and environmental management. Not only will the Walk-in Centre serve as a one-stop-shop that will see […]

We did NOT make any illegal deductions says Net1 CE

We did NOT make any illegal deductions says Net1 CE

This follows the outcome of the Gauteng Division, Pretoria High Court on allegations that the company has conducted illegal deductions from social welfare recipients’ bank accounts. “We welcome this order as it clarifies that grant recipients may continue to exercise their human rights to transact freely with any service provider utilizing the full functionality of […]

BuildersBox a solution to painting for Sowetans

BuildersBox a solution to painting for Sowetans

More than just a paint centre – this business hub also provides business services to local entrepreneurs. A collaborative venture between Prominent Paints, its BEE partner, Africa’s Got-Game, and PPC Cement, the project is the first of its kind in South Africa and will also contribute towards enterprise development of informal traders within the paint […]

BBC gives Telkom’s board ‘middle finger’

BBC gives Telkom’s board ‘middle finger’

By Sello Rasethaba, Chairman (Black Business Council) The Black Business Council (BBC) has condemned the departure of Isaac Mophatlane from Business Connexion, the company he and his late twin brother founded 38 years ago, a few years after it was acquired by Telkom. “There’s no magic solution to avoid the hurt feelings, the tension, the […]