Dark clouds for employers as South Africa battles inverter problem

The 10 biggest stories you may have missed on BusinessTech this week. South Africa's agricultural sector is still growing jobs - but load shedding and other major economic pressures threaten to stop this in its tracks. [BusinessTech logo]( [Top stories this week]( [◼ Dark clouds gather for one of South Africa’s biggest employers]( South Africa's agricultural sector is still growing jobs - but load shedding and other major economic pressures threaten to stop this in its tracks. [◼ Massive inverter problem brewing for South Africa]( Researchers have investigated the impact of households in South Africa turning to non-solar linked inverters to escape load shedding - and the results are problematic. [◼ New laws to restrict the hiring of foreign workers in South Africa – with R100,000 fines on the table]( South Africa is working on new laws to restrict the hiring of foreign workers by businesses in certain sectors - with fines and other penalties in store for those who don't abide. [◼ New currency for South Africa, China and Russia – Godongwana draws the line]( Finance minister Enoch Godongwana has responded to questions from MPs about a so-called BRICS currency. [◼ The end of private healthcare in South Africa – NHI leaves medical insurers in the dark]( Legal experts say the NHI Bill only gives a vague indication of what will become of medical aids once it's in full effect - leaving the more nuanced medical insurance industry in the dark. [◼ This country hosted a festival for South African expats – which now make up 10% of its population]( A small European country situated in the Irish Sea hosted a 'Saffas Festival' to celebrate its South African expats. [◼ New 30,000 square metre shopping mall under construction in South Africa]( A new mall is under construction in South Africa's hinterland. [◼ Work from home isn’t working in South Africa, says CEO]( While some professionals believe they have become more productive working remotely, business experts say it's doing more harm than good in South Africa. [◼ How much money cashiers, trolley collectors, and other retail workers are paid in South Africa]( South Africa's latest sectoral determinations for workers in South Africa's wholesale and retail sectors reveal how much they get paid in 2023. [◼ Woolworths bosses score massive R255 million payday]( This is how much money Woolworths' top executives made in the last financial year. [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your Preferences]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 08-10-2023 is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic