| KZN TOP BRASS VOWS CRACKDOWN ON MK LABOUR INTIMIDATION |
KZN Police Commissioner Nhlanhla Mkhwanazi has reassured business leaders that interference by the Labour and Civic Organisation (LACO) and the MK Labour Desk would not be tolerated. Unable to attend a meeting at the Pietermaritzburg and Midlands Chamber of Business, he delegated Deputy Commissioner Vispol (visible policing) Maj.Gen Makhoba, Deputy Commissioner Crime Detection Maj.Gen. Gopaul and Acting District Commissioner Col. Mbanjwa to engage directly.
Police advised that LACO has no standing in labour relations and businesses are under no obligation to meet such groups. Allowing access may complicate matters if disruptions occur. Firms facing intimidation, trespass or extortion are urged to contact SAPS immediately, open formal cases and share case numbers.
Authorities say proactive intelligence-sharing will enable quicker response, while evidence of criminality or collusion should be formally reported for investigation. PMCB CEO Melanie Veness has offered to expedite a police response in the event of intimidation at ceo@pmcb.org.za.
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| DEVIL IS IN THE DETAIL, BUT THE BIG PICTURE MATTERS MORE |
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Tanya Hulse of TLC (left) with participants at the LEAN Forum on the importance of the "big picture".
Participants at the LEAN forum under the auspices of the Pietermaritzburg and Midlands Chamber of Business left with a renewed appreciation for seeing the whole system before diving into detail. The interactive session on SIPOC (Suppliers, Inputs, Process, Outputs, Customers) demonstrated how early alignment prevents costly confusion later.
Attendees explored how differing assumptions about process boundaries, stakeholders and measures can derail improvement efforts. Through practical exercises, they learned to define clear start- and end-points, identify who needs what from whom, and surface the right metrics upfront. The biggest insight was how quickly SIPOC aligns cross-functional teams, exposing gaps before projects begin. Many reflected that this “big-picture first” approach simplifies complex initiatives, reduces rework and accelerates results - a powerful reminder that clarity drives effective Lean execution. The next LEAN forum is 12 May. Click here for the 2026 programme of forum and network meetings. |
| 2026 BUDGET OFFERS RELIEF, BOOSTS SAVINGS INCENTIVES |
The 2026 Budget delivered modest but meaningful relief for households and small businesses, avoiding the previously mooted R20 billion in additional taxes. Personal income tax brackets and medical aid credits are adjusted for inflation for the first time.
Savings incentives were strengthened, with the annual Tax-Free Savings Account (TFSA) annual contribution limit increased to R46 000 - up from R36 000 - but the R500 000 life-time cap remains. Personal income tax brackets and medical tax credits will be fully adjusted for inflation. The VAT threshold has been updated for the first time since 2009 to boost entrepreneurship and encourage a savings culture. Motorists, however, are tapped at the bowser with higher levies on the price of petrol (+9 c/l) and diesel (+8c/l), an extra 7c/l for the Road Accident Fund (RAF), and higher carbon fuel levies.
Click here for a summary of the key points and for more highlights, see below.
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1971: African-American tennis player Arthus Ashe was denied a visa by the South African government.
Elsewhere, in 1964, Muhammad Ali, arguably the greatest heavyweight boxer in history, became world champion.
On a day when even a whisper is too loud, it must be Quiet Day.
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RAND HITS TWO-WEEK HIGH IN WAKE OF BUDGET SURPRISES
The Rand strengthened to its best level in two weeks - reaching a low of R16.83/$ - following the 2026 Budget, which analysts described as “constructive and conservative.” Investors responded positively to Finance Minister Enoch Godongwana’s focus on fiscal discipline, targeted savings of R12 billion, and measures to stabilise debt, while avoiding new tax hikes.
The Rand currently trades at R16.86/$ as a gauge to reflect renewed confidence in South Africa’s economic management. Experts say the Budget’s emphasis on infrastructure investment, support for small businesses, and inflation-adj6.usted tax thresholds also contributed to optimism. Market watchers caution that sustained gains depend on implementation of reforms and broader economic growth. Analysts note the Budget sends a signal that prudent fiscal management can coexist with gradual recovery. (SOURCE: Bloomberg/Reuters/BDLive)
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... AS OPPOSITION DECRIES ABSENCE OF GROWTH PLAN
Opposition parties criticised Finance Minister Enoch Godongwana’s Budget 2026, arguing it lacks a credible plan to accelerate growth and tackle unemployment. Julius Malema said revenue gains alone would not revive the stagnant economy, while Mmusi Maimane warned projected growth of 1.6%-2% trails the 3.3% global average. The Democratic Alliance welcomed tax relief measures and policy influence within the coalition government but conceded growth remains too low. Godongwana defended the budget, saying effective reform implementation could lift expansion to 3.5%, despite debt sitting at 78.9% of GDP and unemployment stubbornly high. (SOURCE: News24)
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BIOMETRIC CRACKDOWN TO SAVE R3 BILLION IN GRANTS
South African Social Security Agency (Sassa) has intensified biometric and income verification, cutting fraudulent and incorrect grants to generate projected savings of R3 billion over two years. Finance Minister Enoch Godongwana said nearly 35 000 grants were terminated, while 291 581 beneficiaries were flagged for review. Adjustments to disability and old-age grants under a stricter sliding scale also reduced payouts. Government stressed that eligible recipients will retain support, but abuse will not be tolerated. Meanwhile, the R370-a-month Social Relief of Distress grant has been extended to March 2027 pending finalisation of a permanent income support policy. (SOURCE: Moneyweb)
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SOES BLEED R172 BILLION DESPITE BETTER TIMES
South Africa’s major state-owned enterprises have racked up R172 billion in losses over five years, despite recent operational gains, says National Treasury. While Eskom returned to profit with R16 billion earnings and reduced load shedding to 32 days, and Transnet showed improvement, both remain reliant on state support. Municipal arrears to Eskom surged to R94.6 billion. Finance Minister Enoch Godongwana says infrastructure spending will exceed R1 trillion, with SOEs allocated R577.4 billion. However, weak cash generation, rising RAF liabilities and continued borrowing needs highlight ongoing fiscal risks. (SOURCE: Moneyweb)
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DOUBLE WHAMMY FOR ESKOM ON SMELTERS, TRANSMISSION UPGRADE
The 2026 Budget delivers a double setback for Eskom, with no new allocations for smelters or transmission infrastructure upgrades. While R80 billion of the utility’s debt relief package will be disbursed, the Finance Ministry confirmed that further funds to subsidize discounted smelter tariffs or invest in transmission assets were not included. Eskom faces pressure to balance operational costs, debt repayments, and capital needs without additional government support. Industry observers warn this could limit capacity expansion and delay planned infrastructure projects. Officials stressed that Eskom must rely on internal revenue, smart-meter rollouts, and cost management to maintain supply and support industrial electricity consumers. (SOURCE: Fin24)
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.. AS TREASURY URGES MUNICIPAL DISTRIBUTION TAKE-OVER
National Treasury has advised 15 indebted municipalities to appoint Eskom as an electricity distribution agent under Distribution Agency Agreements. Director-General Duncan Pieterse warned that failure to conclude deals could trigger full debt liability and credit control measures. Municipalities in the debt relief programme owe Eskom R85 billion, yet only 15 meet repayment conditions. Treasury wants DAA contracts standardised after early agreements were deemed skewed toward Eskom. While smart meter funding of R2.5 billion aims to boost collections, municipalities must still cover infrastructure repairs and service fees.
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... AND ESKOM PUNTING CLEAN COOKING AHEAD OF EMISSION CONTROL
Eskom has warned that installing flue-gas desulfurisation units at its Medupi Power Station would cost R383 billion, far outweighing the monetised health benefits of reduced sulfur-dioxide emissions. The utility, which borrowed $3.75 billion (about R60 billion) from the World Bank in 2010 partly on condition it fit pollution-abatement equipment, risks breaching the loan agreement. Eskom argues a R5.1 billion clean-cooking offset programme would deliver greater health gains at lower cost. Environmental groups dispute the findings, saying the study underestimates public health impacts and excludes major population centres. Public comment is now open. (SOURCE: Bloomberg)
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AECI RECORDS R32.1 BILLION, UPS DIVIDEND
JSE-listed AECI posted R32.1 billion revenue for 2025, down 4% from 2024, but achieved record EBITDA of R3.4 billion, improving margins from 9% to 11%. Disposals of noncore assets generated R2.2 billion, while net debt fell to R465 million from R3.74-billion. Profits from continuing operations slightly decreased to R1.53-billion, but headline earnings per share rose to 1 098c from 716c. A final dividend of 128c brings total 2025 dividends to 228c.(SOURCE: SENS)
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VALTERRA PLATINUM RETURNS 71% PROFIT TO INVESTORS
Valterra Platinum posted revenue of R116.3 billion, up 7%, while EBITDA surged 68% to R33.4 billion and headline earnings per share nearly doubled to R63.48. Strong platinum group metal prices and R5 billion in cost savings drove growth. Production fell 10% after Amandelbult flooding but rebounded in the second half. Costs remained flat at $987/oz. Efficiency projects reduced energy use and emissions. The board declared a total dividend of R45 per share, returning 71% of profits, leaving the company with R11.5 billion in net cash. (SOURCE: SENS)
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NO RECALL OF SANITARY PAD AFTER TOXIC FINDINGS
Despite a study detecting potentially harmful chemicals in popular sanitary pads, no recall has been issued for products sold in South Africa. Brands including Lil-Lets and Kotex remain on shelves while regulators assess the findings. The research raised concerns about substances linked to hormone disruption and cancer risk, prompting calls from health advocates for urgent investigation and transparency. Manufacturers insist their products comply with safety standards and are safe for consumers. Authorities say more evidence is needed before regulatory action is taken. Critics argue the absence of recalls exposes users to unnecessary risk and highlights gaps in chemical oversight of menstrual health products. (SOURCE: News24)
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ZIMBABWE HALTS LITHIUM CONCENTRATE, RAW MINERAL EXPORTS
Zimbabwe has suspended exports of lithium concentrates and raw minerals with immediate effect, Mines Minister Polite Kambamura announced in Harare. The move aims to force mining firms to establish local processing plants and boost domestic value addition. Zimbabwe, which holds an estimated 126 million tons of lithium resources, has become a key supplier to Chinese refiners, including companies such as Chengxin Lithium Group. The ban, previously scheduled for 2027, will only be lifted once miners comply with government requirements, signalling tougher resource nationalism across Africa’s critical minerals sector. (SOURCE: BDLive)
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TRAINING - EXTREME SALES - DEVELOPING WINNING SALES SKILLS
TRAINER: Richard Lyon - BizGro
OVERVIEW
Every successful sales achiever follows the same basic process to achieve double digit growth!
Here is the critical sales process that we will share with delegates, to arm you to become an eXtreme Sales Achiever:
· Pre-call preparation
· Approach & investigation
· Initial contact & greeting
· Listen to hear & learn
· Presenting your offering
· Overcoming objections &/or enquiries
· Key steps to close & secure the business
WHO SHOULD ATTEND?
Sales Consultants, Business Managers and Owners, Departmental Heads.
Attendees will receive a certificate of attendance.
Date: 5 March 2026
Time: 08:30 – 12:30
Venue: PMCB Offices, 1 Parkhaven , 55 Macleroy Road, Northern Park, Pietermaritzburg
COST (excludes vat)
PMCB Members: R680 p/p, R645 p/p for 3/more, R595 p/p for 5/more
Non-members: R900 p/p, R885 p/p for 3/more, R850 p/p for 5/more
Please note: The company will be liable for payment unless CANCELLATION is received in writing 24 hours prior to the event. |
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Talent wins games, but teamwork and intelligence win championships.
Michael Jordan |
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| Dollar | R15.86 | - 0.04% | | Pound | R21.50 | - 0.03% | | Euro | R18.74 | - 0.12% | | Yen | 0.101614 |
| | Yuan | R2.32 | - 0.50% | | Bitcoin | $ 68 135.74
| - 1.20% |
These rates are correct at time of going to press. | | Platinum | $ 2 303.20
| + 0.84% | | Gold | $ 5 194.68
| + 0.58% | | Oil | $ 70.92
| + 0.16% | | All Share | 126 742.12
| + 1.26% | | Repo | 6.75 | | | Prime | 10.25 | |
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