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AllAfrica News: Economy, Business and Finance

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Message frequency:  30.03 / day
Tags: africaafrikacape townjohannesburgdakarabujanairobi

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South Africa: Pick 'n Pay and Unions Go Back to the Table As 22,000 Jobs Hang in the Balance
[Scrolla] Labour Minister Nomakhosazana Meth stepped in on Wednesday after Pick n Pay and unions asked her to help stop mass job cuts. Pick n Pay filed legal retrenchment papers on 4 May, starting a 60-day process that could end with over 22,000 workers losing their jobs.

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Kenya: Tana River MCAs Go Three Months Without Salaries Amid Budget Dispute
[Capital FM] Tana River -- Members of the Tana River County Assembly and staff have reportedly gone without salaries for three months, raising concerns over the assembly's financial management and triggering tensions between the legislative and executive arms of the county government.

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Kenya: KRA Forgoes Sh9.1bn in Taxes to Cushion Consumers From Fuel Price Surge
[Capital FM] Nairobi -- The Kenya Revenue Authority (KRA) has forgone Sh9.1 billion in tax revenue over the past two months following the government's decision to reduce Value Added Tax (VAT) on petroleum products from 16 percent to 8 percent in a bid to shield consumers and businesses from rising global fuel prices.

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South Africa: Tipping Point - - Gatvol Business Leaders Condemn Joburg's Decline and Fall
[Daily Maverick] This is the first big public statement by the business community as the local government elections loom in November, and its tone and timing underline the mounting frustration within the private sector over the city's pothole-ridden decay.

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Africa: Ruto Urges African Businesses to Prioritise Intra-Africa Trade At Kenya-South Africa Business Forum
[Capital FM] Midrand, South Africa -- President William Ruto has challenged African businesses and entrepreneurs to stop looking overseas for markets and begin trading more aggressively in Africa.

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