One South African province in recession and major company in business rescue

Here are some of the biggest stories on BusinessTech that you may have missed this week | One SA province is in a technical recession due to sharp declines in the construction, manufacturing, and mining industries, which have put employment on a knife’s edge. [BusinessTech logo]( [Top stories this week]( [◼ The one province that has ‘officially entered into a recession’ in South Africa]( One SA province is in a technical recession due to sharp declines in the construction, manufacturing, and mining industries, which have put employment on a knife’s edge. [◼ Another major company in South Africa enters business rescue]( Automotive parts retailer and wholesaler AutoZone has voluntarily entered business rescue as it is in financial distress. [◼ 15 days of water outages hitting Gauteng next week – these areas will be affected]( Rand Water has alerted municipalities in Gauteng that the next and final phase of its maintenance project will commence on 15 July 2024. [◼ Eskom announces widespread power cuts]( Power utility Eskom says that it has started implementing load reduction in areas where local grids are overloaded due to the onset of winter. [◼ You can now check your tax refunds and audit status on WhatsApp]( SARS has launched a new WhatsApp channel for taxpayers to access information on their tax refunds and other tax-related queries more quickly. [◼ The tiny municipality in South Africa that spends R23,000 on each resident]( A municipality in the Northern Cape spends the most money on its residents out of all the municipalities in South Africa. [◼ Five big car brands that kissed South Africa goodbye]( Over the last decade, many top car brands have abandoned South Africa, including Datsun, Dodge, Chrysler, Chevrolet, and Daihatsu. [◼ The man who will take over the R200 billion Oppenheimer empire]( Jonathan Oppenheimer is the heir to the Oppenheimer family’s R200 billion fortune. He recently shed light on growing up in one of the world’s richest and most influential families. [◼ Not everyone will be included in South Africa’s new retirement system]( The new two-pot retirement system is less than two months away, but not every retirement fund member will be included. [◼ The South African billionaire who ‘quietly’ quadrupled his wealth in 5 years]( South African tech chief executive Zak Calisto is one of the country’s ‘unsung’ billionaires. [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your preferences or unsubscribe]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 14-07-2024 This is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic