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Posts Tagged ‘inflation’
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August 17, 2018

NEW LABOUR LAWS YOU NEED TO KNOW!

According to law firm Cliffe Dekker Hofmeyr (CDH), the bills deal with a broad range of labour issues including minimum wage, parental leave, disputes, and strike action.

The Bills will now be placed before a plenary sitting of the National Council of Provinces. If adopted, the Bills will be sent to the President of the Republic of South Africa for final assent and signature. Once signed by the president, the bills will become law.

Below CDH broke down the most important aspects of each Bill.

National Minimum Wage Bill

The National Minimum Wage Bill, together with the Basic Conditions of Employment Amendment Bill, proposes that the national minimum wage is [...]

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March 2, 2018

Rand at strongest level in three years

“The rally in the local currency ‘continues unabated it seems and a slight dollar recovery last week has done nothing to dent this’”

The rand continued its winning ways on Monday morning, touching levels not seen since early 2015.

Positive sentiment towards SA was the recurring theme.

Foreigners were net buyers of local bonds to the tune of R12.3bn over the past week, helping the momentum in the rand, which acts a buffer against inflation.

Foreigners have also been aggressive net buyers of the local shares since December when Cyril Ramaphosa became the new of the new leader of the ANC.

With inflation now close to the mid-point of the [...]

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