Cosatu is now reported as wanting
a national minimum wage rather than sectoral minimum wages - currently clothing workers have one set for their industry, domestic workers have one set for theirs, and so on. It seems the Cosatu call has "flummoxed" the experts, who reckon a national minimum wage would boost unemployment levels. Any chance Cosatu will listen to the experts?
There's news - good or bad, depending on your viewpoint - for taxpayers... the new Tax Administration Bill has "substantially supplemented" the department's powers to gather information on you, your company, etc. Critics however, say the sweeping powers are
open to abuse.
So how many schoolchildren still do not have the books - that they
should have had six months ago? The department of Basic Education - and it seems to be getting more and more basic as time passes - says that
most textbooks have been delivered in Limpopo. By today, they should now have been all delivered, but that's no reason to celebrate - how have the affected schoolchildren been taught, and learned up to now? No wonder
demand for private schooling is soaring.
Will it fly, won't it fly... Zuma's new jet, that is... However, there shouldn't even be such a question; the current presidential plane SA1, or whatever it's called, is in perfect condition and there are better things on which to spend R2bn - like schoolbooks, houses for the poor, hospital upgrades, new hospitals... That sort of thing. Just a thought...
Rod Baker, content director
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The South African Reserve Bank yesterday launched an awareness campaign aimed at educating members of the public about the risks of investing in pyramid schemes. 
The department of defence declined to comment on Friday on reports that it was finalising the purchase of a luxury VIP jet for President Jacob Zuma. However‚ there are suggestions that no such deal is on the cards. 
The Naspers Limited Provisional Report for the financial year ended 31 March 2012 was released on SENS and RNS before the market opened on Wednesday, 27 June 2012. (updated) 
It has been seven years in the making and through two rounds of public consultation, so the soon to be promulgated Tax Administration Bill shouldn't come as a surprise. Nevertheless, for many it will be just that. 
Finance Minister Pravin Gordhan and the South African Revenue Services (SARS) Commissioner Oupa Magashula will launch the 2012 tax season in Pretoria today. 
NEW YORK, US: The World's Best Financial Advertising, presented by the 
Free education for the poor should become a reality sooner rather than later, Higher Education Minister Blade Nzimande said on Thursday. 
State-owned freight and ports company Transnet will go to the international debt market before the end of March to raise capital for its R300bn capital expenditure programme‚ Transnet CEO Brian Molefe said today. 
State-owned transport and logistics company Transnet has appointed Anoj Singh as chief financial officer with effect from 1 July 2012. Singh will also be an executive director of the company together with the group chief executive. 
