Author: bradcheap82

Competition is a good thing. This is the common thread through global competition law, which aims to prevent monopolies – when one firm dominates a sector. For instance, if the two most prominent companies in an industry want to merge, a country’s competition authority would likely block the merger. This would be on the grounds that the new entity would reduce competition. Such dominance wouldn’t be good for consumers, as competition usually drives down prices and is good for product quality. South Africa’s competition law follows the same principles. But it has another unique set of conditions too. South African…

The township economy in South Africa requires excellence from big businesses. Unfortunately, many corporate entities fall short of this standard, often displaying a level of disrespect towards the residents of these communities. This issue becomes evident when you compare the retail stores that have migrated from urban areas to townships. The planning and execution of these stores in townships often seems haphazard and inferior compared with their urban counterparts.When township residents visit these new retail outlets, they immediately notice the differences. The stores in urban areas typically have better layouts, a wider variety of stock, and superior service. In contrast, the township…

South Africa’s business sector faces severe threats from business mafias, with extortion impacting multiple industries and provinces. SA’s business landscape is under siege from increasingly organised criminal networks known as business mafias and extortion rings. The groups, which began by extorting the construction sector in KwaZulu-Natal, have now expanded their operations across multiple industries and provinces such as the Eastern Cape, where local business have closed down due to extortion, according to crime experts. ALSO READ: Extortion rackets force closure of schools in Mthatha, committee demands police action No one safe from business mafia extortion This has led Business Unity…

Capitec Bank Holdings Ltd., which grew rapidly by serving South Africa’s low-income retail clients overlooked by rivals, now wants to expand into the business sector.The Stellenbosch lender, which built the country’s biggest bank by customer numbers by focusing on low-income depositors and unsecured lending, is targeting small and medium sized businesses and building an insurance business for its next growth spurt. This article was originally published by a www.bloomberg.com . Read the Original article here. .

It’s commonly held that tax incentives can drive taxpayer behaviour and must play a role in boosting the energy transition in South Africa. This article was originally published by a www.esi-africa.com . Read the Original article here. .

Some key events in South Africa’s history: 4th Century – Migrants from the north settle, joining the indigenous San and Khoikhoi people.1497 – Portuguese explorer Vasco da Gama lands on Natal coast. 1652 – Jan van Riebeeck, representing the Dutch East India Company, founds the Cape Colony at Table Bay. 1795 – British forces seize Cape Colony from the Netherlands. Territory is returned to the Dutch in 1803; ceded to the British in 1806. 1816-1826 – Shaka Zulu founds and expands the Zulu empire, creates a formidable fighting force. 1835-1840 – Boers leave Cape Colony in the ‘Great Trek’ and…

CAPE TOWN, South Africa (AP) — South Africans will vote Wednesday to decide whether their country will take its most significant political step since the moment 30 years ago when it brought down apartheid and achieved democracy.This national election will not be as momentous as the one South Africa held in 1994 — few have been. Then, Nelson Mandela led the African National Congress party to victory as Black South Africans who were the majority were allowed to vote for the first time. It officially ended a half-century of racial segregation under apartheid — a violently enforced system that attracted…

Amahle Gebane first started posting on TikTok in August 2022. Initially, the South African activist’s videos included commentary on social issues like financial inequality and xenophobia. She had some followers, but her audience was not significantly large. In 2023, Gebane had a breakthrough when she posted a video series discussing her political views. The series went viral and her following started growing rapidly. “I got into politics when I was just observing the political conversations my family had,” Gebane, who currently has over 161,000 followers on TikTok, told Rest of World. “I felt that there was an education gap and…

Governance scenarios in South Africa: growth vs stability? Two possible national coalitions (ANC-DA-IFP or ANC-MK) are a choice between economic growth and stability, with KZN as the sacrificial lamb. The electoral commission’s announcement of South Africa’s 29 May election results on Sunday was a watershed moment in the country’s political and developmental journey. At 58%, voter turnout hit a new low, reflecting a dissatisfaction with politics that has, since 2008, delivered increased poverty, inequality and unemployment. The ongoing crisis in the governing African National Congress (ANC) saw the ruling party’s support plunge 17 percentage points from 57% in 2019 to…

South African President Cyril Ramaphosa has announced that his African National Congress (ANC) party will seek a national unity government, which he said would reflect the will of voters and help move the country forward. Ramaphosa made the announcement late on Thursday after an hours-long meeting of the party’s National Executive Committee (NEC) in Johannesburg, where ANC leaders held talks to try to agree on a post-election strategy. The ANC had lost its parliamentary majority for the first time in the democratic era, but it remains the largest party in the country. “We agreed to invite political parties to form a…