Big change for employees | Banking app warning | Trouble for BMW and Merc

Here are some of the biggest stories you may have missed this week The Department of Employment and Labour has made adjustments to the earnings threshold that applies to the Basic Conditions of Employment Act (BCEA) [BusinessTech logo]( [Top stories this week]( [◼ Big change for employees in South Africa now earning more than R21,200 a month]( The Department of Employment and Labour has made adjustments to the earnings threshold that applies to the Basic Conditions of Employment Act (BCEA) [◼ Criminals are targetting banking apps in South Africa – what you need to know]( The Southern African Fraud Prevention Services (SAFPS) has reported a rise in fraudulent activities, including a new trend of criminals targeting banking apps to loot victims’ bank accounts. [◼ Big trouble for BMW, Merc and other premium cars in South Africa]( The premium vehicle segment in South Africa faces significant headwinds as the weak economy, high interest rates, high fuel prices are causing motorists to shun high-price cars and opt for something more affordable – like a swathe new Chinese entrants. [◼ Changes for school uniforms in South Africa]( The Department of Basic Education (DBE) says it will consider reviewing school uniforms in response to the SAHRC’s investigation into the affordability of uniforms in the country. [◼ Bad news for homeowners in South Africa]( Lightstone’s House Price inflation forecast for 2024 shows that South Africa’s residential property market in 2024 should average out below inflation [◼ Get ready for more petrol price pain in April]( Fuel price recoveries in South Africa are off to a horrible start for motorists in March, with extended rand weakness against the dollar and oil prices grinding higher, putting prices on the back foot. [◼ Standard Bank issues fraud alert]( Standard Bank has issued an alert warning the public to avoid a fraudulent entity and/or website that is using the bank’s information in an attempt to legitimise its illegal activities. [◼ Mantashe tells businesses in South Africa to ‘stop crying’]( Minister of Mineral Resources and Energy Gwede Mantashe says the private sector in South Africa should collaborate with the government in finding solutions instead of ‘just crying’ when things go wrong. [◼ Huge crackdown on spam calls and messages in South Africa]( Spam messages and calls are a major irritation for many South Africans, but the Information Regulator is stepping up its efforts against non-complaint direct marketers. [◼ South Africa’s biggest retailer eats R500 million load shedding bill as sales and profits soar]( Shoprite continues to increase sales and profits – despite having to fork over R500 million to keep load shedding at bay. [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your preferences or unsubscribe]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 10-03-2024 This is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic