The retail landscape is ever-evolving, and Spar, known for its ubiquitous presence in grocery retail, is taking a bold step into the high-end market. Recently, Spar announced plans to introduce a premium format store aimed at wealthier consumers. This move is particularly intriguing, given Spar’s existing reputation for slightly higher prices compared to some competitors. […]
In a recent social media thread by Daily Investor, a significant statistic was highlighted regarding South Africa’s tax landscape: only 1,660,182 people contribute to 76.2% of all personal income tax. This figure, sourced from South Africa’s latest Tax Statistics report, paints a stark picture of the income distribution within the country. The Tax Base The […]
South Africa’s economic challenges have claimed yet another casualty as Famous Brands, the parent company behind beloved fast-food outlets such as Steers, Debonairs Pizza, and Fishaways, announced the closure of 47 restaurants in the past financial year. The closures, which also affected brands like Wimpy, Mugg & Bean, and Milky Lane, highlight the pressures faced […]
The South African Reserve Bank (SARB) is preparing for further interest rate cuts in 2024, driven by subdued inflationary pressures. With consumer inflation well below the 3-6% target range, SARB has already slashed the repo rate to 7.75%, providing some relief to borrowers. However, the bigger picture raises concerns about the long-term economic outlook. Inflation […]
Johannesburg—City Power has raised serious objections to Eskom’s proposed tariff hikes over the next three years, calling the increases unaffordable and unsustainable for municipalities and customers alike. In a formal submission to the National Energy Regulator of South Africa (NERSA), City Power has suggested that any increase should not exceed 11% per year. However, even […]
Over the past few years, South Africa has found itself ensnared in a repetitive cycle of political turmoil, corruption scandals, and endless court battles. These daily updates, often revolving around familiar narratives of political infighting, accusations, and financial mismanagement, have shaped the public discourse. For many, this creates the impression that not much progress is […]
Over the past two years, Tshwane’s municipal workers, under the banner of the South African Municipal Workers’ Union (Samwu), have been locked in a bitter struggle with the City of Tshwane. At the heart of this conflict are longstanding wage disputes, including demands for historical salary increases of 3.5% and 5.4% from 2021 and 2023. […]
The tension surrounding the Basic Education Laws Amendment (BELA) Bill has reached a fever pitch in South Africa, with the African National Congress (ANC) and the Democratic Alliance (DA) finding themselves on opposite sides of a critical debate. As the deadline for final negotiations looms, the outcome of this legislative process could have profound implications […]
“South Africans are happier, and the country has changed for the better since the MK Party was established,” claims party leader Jacob Zuma. The statement, though bold and optimistic, begs a deeper question: are we truly happier, or is this another chapter in the book of political theater? On the surface, many might agree. Perhaps […]
The iconic Michelangelo Hotel, a cornerstone of Sandton’s skyline and a symbol of luxury, has officially closed its doors. Known for its grandeur and status as a premier destination for both local and international guests, the hotel’s closure marks a significant shift in the landscape of South Africa’s “richest square mile.” A Reflection of Changing […]
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