market intelligence

R200-Million boost for Cape Town’s economic sector development

The Cape Town City’s Council-approved budget for 2023/24 has allocated close to R200-Million on various programmes aimed at assisting all sectors and levels of the economy, from work seekers, entrepreneurs, small business, and high growth sectors. In addition, the Economic Growth Directorate is planning on spending around R100-Million on capital works on the city’s strategic economic assets and informal trading infrastructure…Read more

Government finalising big change for SA business

Trade and Industry Minister Ebrahim Patel says his department will finalise the Companies Amendment Bill in Cabinet within three months, which aims to narrow the gap between the highest-paid and lowest-paid employees at listed companies.

The proposed Bill, published for public comment in 2021, said that listed companies would have to disclose the ratio of the top-paid to the bottom-paid 5% of workers. Speaking before Parliament, Patel said that finalising the Bill will help to address South Africa’s inequality issues Read more

Durban port partially privatised

Africa’s biggest harbour will be partly owned and operated by the Philippines’ International Container Terminal Services Inc., a first for South Africa’s national ports company. The company, ICTSI, has been selected as an equity partner to run and expand Durban Container Terminal Pier

2.Almost three-quarters of the freight volume moved through the eastern port goes through the terminal, accounting for 46% of South Africa’s total port traffic, according to state logistics company Transnet. Read more