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Unemployment - Gordhan paints bleak picture on jobs
Finance Minister Pravin Gordhan on Wednesday painted a bleak picture of South Africa’s job crisis, saying the tentative upturn in the economy would generate only about a million jobs by 2014.
UIF is only helping a few
Though the monthly number of Unemployment Insurance Fund beneficiaries had increased dramatically last year, the fund’s payments reached only about 5% of the 4.2 million unemployed.
Dealer gives car sellers run-around
IF YOU are thinking of selling your vehicle Planet Wheels should not be one of the dealers you have in mind.
SA’s fiscal deficit worst since 1961: Economist
In South Africa’s case, the interest cost of state debt is projected to rise to a significant 71.4 billion rand in 2010/2011. That is a massive increase of 23.9%y/y, making the cost of state debt the fastest rising expenditure item in the budget.
BUDGET - South Africa has 3 people to 1 taxpayer
South Africa is the biggest welfare state in the world, economist Mike Schussler says. “Look at South Africa’s dependency ratio — it’s three people to one taxpayer and it’s unsustainable.”
‘Snatching defeat from victory’ - Cosatu slams Budget as one of failure
DOWNLOAD: Budget Highlights
Click here for a wrap up of the 2010 budget allocations
Trillion rand debt worries opposition politicians PLUS widespread disapproval of fuel tax hikes
Taxes to go up in coming years, as government spending skyrockets
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Investor News - ‘No safety and no upside in equities’
According to Duncan Artus from Allan Gray, there is neither a significant margin of safety, nor is there significant upside, in local equities.
Shares are okay for the long term
WHEN companies need funds to grow, instead of borrowing from a bank they sometimes choose to sell a share in the company’s ownership to investors.
How to get the best returns when investing in unit trusts
THERE are many local and international unit trusts available.
Budget offers hope for many
FINANCE Minister Pravin Gordhan’s first budget address last week can be summarised as doing more with less.
Trillion rand debt worries opposition politicians PLUS widespread disapproval of fuel tax hikes
"It’s excessive, because we don’t know what the economy will do in the next couple of years."
Taxes to go up in coming years, as government spending skyrockets
Finance Minister Pravin Gordhan’s Budget speech discloses that Government debt as a percentage of GDP is set to skyrocket from 23% to almost 40% by 2013.
Government Tenders - Move against corruption
Finance Minister Pravin Gordhan on Wednesday promised reform in government’s procurement systems to ensure greater transparency and accountability to combat corruption.
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Malema is a director of 4 companies - that’s official
The Companies and Intellectual Properties Registration Office (Cipro) has not received requests for the resignation of Julius Malema from four of five companies he is associated with.
The Left’s critical challenge is the new poor
THE ever-rising poverty, joblessness and homelessness in South Africa might actually weaken the Left – Cosatu and the SACP within the ANC family – rather than strengthen its influence.
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Budget offers hope for many
FINANCE Minister Pravin Gordhan’s first budget address last week can be summarised as doing more with less.
Industrial plan to create 2,5 million jobs
South Africa’s new industrial policy action plan (IPAP) is expected to create almost 2,5 million jobs over the next decade by boosting, and protecting, local factories, a government minister said on Thursday.
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