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Image via Adobe StockSouth Africans are allowed two types of investment allowances per annum. We explain how it works.Exchange control regulations explainedIn South Africa, the South African Reserve Bank (SARB) restricts the inflow and outflow of money by using exchange control regulations. The SARB dictates how much and under what circumstances you may transfer money into and out of South Africa.These regulations apply to all South African residents, who have not financially emigrated, including those living abroad who are considered South African residents temporarily abroad for exchange control purposes.All foreign currency transactions are declared to the SARB, whether you’re travelling,…

Photo: UnsplashCash-strapped South African consumers are no longer biting into a slice of pizza as frequently as they used to. And when they do, it is often at a discounted price, which is hitting the profitability of the country’s pizza franchises.Spur Corporation, which operates the high-profile Panarottis pizza brand, announced on Tuesday 28 January that the brand’s turnover for the six months ended 31 December 2019 had been impacted by a very competitive market environment and strong discounting by competitors.Brands are discounting to maintain sales volumes“The pizza market in South Africa is extremely competitive, with local quick service restaurant (QSR)…

Photo: PixabayResearch from the Centre for Development and Enterprise (CDE) revealed that there are more than 10 million unemployed South Africans. The jobs crisis is felt across all sectors of society – from urban to rural areas; by recent graduates and retrenched professionals and across race, gender and class lines.CDE executive director Ann Bernstein said change is urgently required. “The current approach to jobs is not working and a new deal is long overdue.”Report shows ‘troubling decline’In their latest report, Ten Million and Rising, CDE shows that the unemployment crisis is set to continue on a troubling decline. Between 2008 and 2019, the…

Image via: Gerhard Roux via Wikimedia Commons Would you buy a reactor business off Eskom? They probably aren’t the most reliable seller on the market, but their plans for the Pebble Bed Modular Reactor (PBMR) – a branch of the state-owned entity’s technology division – suggests that they are trying to shift some of their responsibilities elsehwere.Also read: Load shedding to last all weekend, ‘apologetic’ Eskom confirmWhat can Pebble Bed Modular Reactor technology do?The document used to draw up these proposals highlights that, while the PBMR could be used like conventional nuclear reactors to generate electricity, it could also be…

Toyota South Africa Motors president and CEO Dr Andrew Kirby. Photo: SuppliedAt its annual State of the Motor Industry address held in Johannesburg on Friday 31 January, Toyota South Africa Motors (TSAM) broke the news of a substantial investment into the market.The announcement that will see R4.28 billion injected into the economy, is centred around increased operational capacity, production line enhancements, as well as new manufacturing facilities for an all-new model that will replace the Toyota Corolla production line. Toyota Hiace gets R541mA total of R541 million has been budgeted to enhance the production facilities for the Toyota Hiace minibus taxi,…

Image via Adobe StockDepending on which survey you read, money issues are usually right up there as one of the leading courses for divorce. Probably the saddest part of it all is that financial conflicts can often be avoided by simply having a few “uncomfortable” conversations upfront.What that really boils down to is getting to know each other’s expectations when it comes to finances and managing them from the offset. Of course, not everyone’s financial situation is the same, which means that the type of conversation that you have with your partner will be unique based on your collective needs.The…

President Cyril Ramaphosa / GCIS President Cyril Ramaphosa, in his weekly on the desk mailer, revealed that much of the priority this week will be preparing for the 32nd African Union (AU) summit taking place in Addis Ababa, Ethiopia, on Friday 10 February.Ramaphosa wants AU to focus on empowering women in AfricaRamaphosa confirmed that South Africa’s chairship of the continental organisation will tackle the rife gender inequalities in business. He indicated that the timing of it all was too perfect to miss the opportunity of addressing the gross disparage of women in our economy.“With the African Continental Free Trade Area…

In this file photo taken on 23 January 2020, the European Union flag and the British Union Jack wave in front of the European Parliament in Brussels. Photo: Kenzo Tribouillard / AFPSo Brexit is a done deal. At midnight on Friday 31 January 2020 the UK finally left the European Union. With Britain flying solo again for the first time in decades, what does it mean for the South African economy? Perhaps surprisingly, given all the political posturing and hysteria, the answer is initially: very little.Trade deals, conditions already in placeBoth the EU and the UK are major trading partners with…

To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken to the prime minister, Theresa May, and Downing Street. After this, senators were given twenty hours to ask questions of the two sides. Anthony…

To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken to the prime minister, Theresa May, and Downing Street. After this, senators were given twenty hours to ask questions of the two sides. Anthony…