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VWSA continue leading the market

Volkswagen Group South Africa (VWSA) ended 2018 as the local market leader of the passenger car segment for the eighth consecutive year with total sales of 83 449 units. Volkswagen Commercial Vehicles finished 2018 strong with December seeing the highest total sales figure for the year (all sales channels) of 1 …

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Parliament urges workers to be cautious bosses follow Minimum Wage Act

Portfolio Committee on Labour has encouraged all workers and organised labour to be vigilant, ensuring employers follow the National Minimum Wage Act, as promulgated in November 2018. The Act became operational from January 1, 2019. The government has set the R 20 hourly wage act for workers not covered by the …

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Mahindra’s sales tempo picked up in its new financial year

Mahindra South Africa topped its highest monthly sales ever during December 2018, including a new sales record for the whole year. In a statement on Friday, the Indian automobile manufacturer confirmed the sale of 440 new Mahindra SUVs and pick-ups in December, saying the sales bring to 5 486 new vehicles …

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Cut-off date for employment equity submissions looms

Employers in South Africa have one day to submit their Employment Equity (EE) online reports in line with legislation. Labour Department said closing date for the mandatory submission of EE reports is Tuesday, January 15, 2019. The Department of Labour said in a statement on Monday the 2018 EE Online …

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Toyota rounds up 24.2% piece of the overall industry

Toyota South Africa Motors ended 2018 with 6 159 more vehicle sales compared to the previous year. Carmaker sold 133 603 units a year ago, compared to 127 444 purchased in 2017. The sales brought about rounding up 24.2% piece of the overall industry. Toyota ascribe year-on-year growth to the …

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Exxaro empowers SMMEs

In a bid to help Small Medium and Micro Enterprises (SMMEs) take part in the mainstream economy of the country and to create jobs, a leading South Africa’s black empowered coal mining company Exxaro Resources is pulling out all the stops to empower young entrepreneurs. About 500 SMMEs stand to benefit …

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Ford invested R11b in South Africa

Ford Motor Company has announced it has invested R11-billion in its South African operations over the past decade, currently employing  more than  4 000 people in South Africa, and supporting about 50 000 indirect jobs within the value chain The carmaker is to date producing 168 000 Ford Ranger pick-up and …

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Investment Conference bags R290 billion for SA

The inaugural South Africa Investment Conference has secured nearly R290 billion worth of investment announcements for the country. “This R290 billion is what we have now in our hands and these are in addition to the R400 billion which were received during the investment drive by the special envoys and …

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Mboweni is the new finance Minister

Tito Mboweni has been appointed as Minister of Finance, following the resignation of disgraced Nhlanhla Nene. In filling the vacant post on Tuesday afternoon, President Cyril Ramaphosa said the former Reserve Bank Governor Mboweni brings in a wealth of experience in areas of finance and economic policies. Nene tendered his …

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Bold plans to ignite SA’s economic revival

President Cyril Ramaphosa on Friday announced the details of an economic stimulus and recovery plan, adopted by Cabinet, which is set to amongst others, ignite growth in the South African economy, boost much needed job creation and restore investor confidence. The ambitious and bold measures, which in the main give …

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