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A tricky situation unfolded at the ANC's headquarters, Luthuli House , after the Sheriff of the High Court in Johannesburg rocked up on Monday to seize assets worth more than R102 million from the ruling party. A white truck branded "Sheriff" and another unmarked vehicle were seen outside the party's headquarters on Monday morning to implement the court order, but the ANC officials barred them from entering the building. In just minutes, the front door of the building was rolled down to prevent men dressed in overall access to execute their duties. Nothing has been taken out of the building as yet. One of the guards stationed at the building said the truck arrived in the morning but said nothing was seized. This is after the ANC failed to settle its bill against Ezulweni Investments, a KwaZulu-Natal-based printing and marketing company that supplied it with posters and banners in the 2019 elections. More on this ANC set to appeal SCA's decision on Ezulwen...

The proposed National Minimum Wage hike for 2024 The National Minimum Wage (NMW) Commission recommends a CPI plus 3% for 2024 but is sitting with another two proposals as it invites further suggestions from interested parties for the year ahead. The NMW Commission has published a report in the government gazette to present the Commission’s information and recommendations on the annual review of the national minimum wage and also inviting written representations from the public. The three proposals tabled in the report are as follows: The majority recommendation is the Consumer Price Index (CPI) plus 3%. Eight of the 12 commissioners propose that the national minimum wage increase by CPI plus 3%; The recommendation by the Business Constituency is only CPI; and The recommendation by an independent expert is CPI plus 0.75%. The CPI is a measure of the change in prices as paid by consumers for goods and services over time. In South Africa, the latest consumer price inflation, as pub...

Johann Rupert On Investtors avoiding SA Billionaire Johann Rupert said the country struggles to attract foreign investment because South Africa has created a hostile environment for businesses. Rupert, who serves as Remgro chairman, made these comments at the company’s annual general meeting at the Lord Charles Hotel in Somerset West on Monday. He highlighted that South African businesses suffer from lawlessness and corruption that go unpunished. He added that the country’s failing infrastructure – including a lack of electricity, failing rail and port services, and crumbling roads – makes it tough for many companies. Smalltalkdaily Research analyst Anthony Clark, who attended the Remgro AGM, highlighted a few comments from Rupert about the local environment. “The state cannot supply water, the railways have collapsed, and you cannot guarantee the safety of your employers,” Rupert said. He added that capital decides where it wants to invest. “They are not Father Christmas,” R...

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AMENDMENDMENTS IN PROPOSED TO MARRIAGE ACTS South Africa is changing its marriage law to recognise all types of intimate partnerships – irrespective of gender, sexual orientation, or religious, cultural and other beliefs. The Department of Home Affairs has invited public comment on the Draft Marriage Bill 2022. The bill amends some marriage laws, and prescribes what’s required for marriages to be considered valid, forms of registration, and the property consequences of marriage. As the preamble shows, it seeks to promote liberal values of equality, non-discrimination, human dignity and freedom of thought. While it is innovative for bringing all forms of intimate partnerships under one piece of legislation, the bill raises thorny questions. Liberalism – or openness to different behaviour, opinions or new ideas – is a strange beast. It pushes accepted conduct to its limits. For instance, if the bill truly seeks equity, why does it not recognise intimate partnerships such as cohabit...

Several of South Africa’s biggest banks are currently hiring, with specific skill sets a high priority for most hiring executives. Recruitment Platform Pnet told BusinessTech that the Covid-19 pandemic accelerated the impact of the fourth industrial revolution in South Africa, which has fostered a “new world of work.” This new working world is heavily slanted towards science, technology, engineering, mathematics (STEM), and IT skills, Pnet said. BusinessTech asked several banks what roles they are hiring and what skills they are currently searching for, with many highlighting the importance of STEM and IT skills to their operations. “The key capabilities we need for 2023 and beyond include multi–stack development skills such as Artificial Intelligence (AI), cloud, Machine Learning (ML), and blockchain; User Interface (UI) and User Experience (UX) skills; data science, actuarial and predictive analytics skills, as well as emerging risk capabilities such as cyber risk, climate risk...