Economy
Economy
Budget 2022 offers relief to main contributors to the fiscus
Wednesday, February 23, 2022 The 2022 national budget tabled by the Minister of Finance Enock Godongwan has received positive accolades in many sectors of the economy and society. Welfare and social services that guard the indigent have seen some benefits in terms of allocation. Education also receives substantial increases too. On the economic side, funding […]
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Economy
Dis-Chem, Makro pull TRESemmé off the shelves
Thursday | September 10, 2020 Dis-Chem Pharmacy and Makro are the latest retailers to pull TRESemmé brands off their shelves. TRESemmé is suffering from a racist advert published on Clicks website portraying black women’s hair as “dry and damaged” and white woman’s hair as “normal”. There was an eruption of public fury that culminated into […]
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Economy
Shoprite Group, PnP, Woolworths drop TRESemmé products
Wednesday, September 09, 2020 Shoprite Group, Pick n Pay (PnP) and Woolworths have decided to remove TRESemmé products from their retail stores. This comes after TRESemmé, a Uniliver brand, stirred public outrage with its racist tropes advertisement that appeared on the Clicks’ website. The advert displayed a black woman’s hair as dull and damaged while […]
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Economy
Clicks clips off TRESemmé brand
Clicks Retailers pulled the plug on the controversial and divisive TRESemmé brand. It will no longer carry the product in its retail stores. The pharmaceutical retailer sunk under immense weight of public pressure for bearing a racist advertisement leaning on white supremacy. After drawn-out battles in court and shutdown of outlets, the TRESemmé brand will […]
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Economy
SA – Unemployment rate jumps over 30%
Statistic South Africa’s (Stats SA) latest unemployment rate report shows that it rose from 29,1% to 30,1% in the first quarter (Q1) of 2020. As the released Stats SA report indicates: “South Africa’s unemployment rate increase by 1,0 percentage point to 30,1% in Q1:2020 compared to Q4:2019. The unemployment rate usually increases between Q4 and […]
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Economy
SACAA and NUMSA Strike Partially Halts SAA Flights
As axasperated workers plod on industrial action and fickle management twiddle thumbs while South African Airways (SAA) burns, the state airline is tanking. The bankrupt government-owned SAA has been forced to ground some flights on Friday Nov. 15 following industrial action by its employees upon a deadlock on salary hikes, job security and other work-related […]
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Economy
Mid-Term Budget Paints Bleak Future
Bleak economic outlook in the midst of government declining tax revenue and rising debt is a cococktail of problems in South Africa. The Finance Minister Tito Mboweni tabled the Medium Term Budget Policy Statement (MTBPS) Wednesday October 30, 2019 to a sombre reception. Critical in it was the annual update of the 2019 economic outlook […]
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Economy
Unemployment rate reaches dizzy height of 29.1% in Q3
As the Medium Term Budget Policy Statement (MTBPS) by Finance Minister looms large, job numbers are out and they are underwhelming. Compounding the odds is an International Monetary Fund (IMF) July report which reflected sluggish global economic growth rate and downward revision of South Africa’s prospects. Failing to arrest the slide and beat the odds, […]
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