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In the 2021 budget speech delivered by South Africa’s Minister of Finance Tito Mboweni, it was announced that the revenue services are projected to collect about eighty-billion US Dollars in taxes during 2020/21, which is about fourteen-billion US Dollars less than estimates contained in the 2020 Budget. This is officially the largest tax shortfall on record. To further discuss this, Samora Mangesi spoke to Louis Botha, Senior Associate at Tax & Exchange Control practice at commercial law firm Cliffe Dekker Hofmeyr...
2020 was clouded by, not only the COVID-19 pandemic, but cyber-criminal activities that took advantage organisations’ vulnerability amid the pandemic. As more organisations adopted and accelerated digital strategies, cybercriminals were presented with a huge range of new opportunities to exploit. This is according to Alain Tshal, District Manager at an application services and delivery networking company, F5 in Sub-Saharan Africa, who says that 2021 will be no different. Tshal discusses this further...
The alcohol industry in South Africa have suffered incredible losses due to the three alcohol bans over the last year. To raise awareness about the effects these decisions have had on the sector, South Africans have established movements like #supportlocal, to help profile the consequences experienced by the industry which has gained International attention. South Africa's online daily deals site, OneDayOnly, have made the decision to help promote the sales of locally produced liquor, that can hopefully support local farms and distilleries cover some of their overheads until the industry is able to fully resume trading. More from Laurian Venter, Director at OneDayOnly...
New analysis from UN Women show that despite women's increased engagement in public life, equality remains far off. For example, women serve as Heads of State or Government in only 21 countries and 119 countries have never had a woman leader. The United Nations entity working for the entity working for the empowerment of women says at the current rate, parity will not be reached for another 130 years. The data, prepared for a UN Secretary-General's report in advance of the upcoming UN Commission on the Status of Women, demonstrate global trends, persistent barriers and opportunities for women's full and effective participation and decision-making in public life. More from UN Women Executive Director, Phumzile Mlambo-Ngcuka…..
The first two alcohol bans in South Africa saw more than 165-thousand jobs lost across the entire industry value chain resulting in a possible additional 100-thousand people slipping into poverty; according to Hellen Ndlovu, Director of Regulatory & Public Policy at South African Breweries. An extended third ban is currently underway, and the South African alcohol industry says that this serves only to exacerbate the situation...
The Council for Scientific and Industrial Research (CSIR), an entity of the Department of Science and Innovation, has been crowned South Africa’s top employer. The 2021 Top Employers have been announced and the CSIR was recognised as a Top Employer in the country. The Top Employers Institute programme certifies organisations based on the participation and results of their Human Resources Best Practices Survey. For more on this, Zikhona Miso spoke to CSIR Group Executive for Human Capital and Strategic Communication, Andile Mabindisa…
South African Airline FlySafair will launch a Telegram customer support channel amid rising concerns about privacy thanks to new terms of service announced by WhatsApp last week. New updates to the WhatsApp terms of services will see users having to agree to allow the platform to share user data with parent company Facebook from 8 February or lose access to their accounts. The proposed change has sparked worldwide controversy with several companies and influential individuals announcing moves to rival messaging platforms like Telegram and Signal. Zikhona Miso spoke to FlySafair's Chief Marketing Officer, Kirby Gordon...
The Kearney Executive Mergers and Acquisitions report on the chemicals industry in South Africa shows that there was a significant slow-down in the Chemical sector, which began well before the Covid-19 pandemic, and will probably continue in 2021. Even though back in 2019, South Africa enjoyed involvement in megadeals, albeit indirect, no massive moves are now anticipated, with the past year's trend towards internal consolidation is set to continue. More from Prashaen Reddy, Principal at a global management consultancy, Kearney..
Running a business in what we assumed would be a post-COVID world this year has turned out to be a continuous challenge, taking on various strains from last year's pandemic. This is according to Viresh Harduth, Vice President for Small Business at Sage Africa & Middle East, who says that a common denominator for many small business owners is steady cashflow throughout the year. Zikhona Miso spoke to Harduth on ways in which businesses can make the most of 2021 and increase their cashflow and profits...
As South Africa prepares for schools to reopen on January 27th, the Independent Community Pharmacists Association, ICPA has issued some tips to help both parents and children prepare for this period and minimize the risk of COVID-19 infection. The Department of Basic Education has made assurances that plans are on track for the reopening of schools when the academic year commences. More from Jackie Maimin, CEO of ICPA..
South Africa has officially entered the second wave of Covid-19 which has already wreaked havoc in the job market. Because of this, many people have gone into unavoidable debt, according to Ramona Singh, Administration Director and registered debt counsellor at Infinite Life, registered debt counsellors in South Africa. To get ahead of the curve and see a brighter 2021, Singh joins Samora Mangesi on the line to discuss tips to help steer you from bad debt in a post-Covid world…
Every year more than six-hundred youngsters from South Africa are recognised at the Eskom Expo for young Scientists International Science Fair. This year they were honoured at a virtual awards ceremony on 15 December – virtual due to the COVID-19 pandemic. The assessments for the awards were done online, and could thus include some 80 international learners. To tell us more about the event, Parthy Chetty, Executive Director at Eskom Expo, joins Zikhona Miso on the line…
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