News in South Africa 2nd October: 1. Sasol to sell 50% of US project: Sasol has agreed to sell a 50% stake in its US base chemicals business to LyondellBasell Industries for $2 billion to help pay down debt. The unit will become a joint venture between the South African company and the US chemicals […]
News in South Africa 25th September: 1. National Lottery corruption charges: South Africa’s lottery regulator, the National Lotteries Commission (NLC), has been facing down a slew of allegations of mismanagement and corruption. The commission finally released lists of its beneficiaries under sustained pressure, after first fighting the move. In July, the Organisation Undoing Tax Abuse […]
News in South Africa 22nd September: 1. Gautrain wants motorists to fork out more: Motorists and taxpayers appear set to become the cash cow to enable the government to reduce its percentage of the funding of the multi-billion rand expansion of the Gautrain. Gautrain Management Agency (GMA) CEO William Dachs said on Monday: “We firmly believe […]
Claiming money from the UIF: What you need to know: The coronavirus crisis and lockdown have paralysed businesses and left many in South Africa without an income. Enter the Unemployment Insurance Fund (UIF), which should help those in the formal sector with some form of payment in this time. When a contributing worker becomes […]
