In the news today: The World Bank foresees low sub-Saharan growth, KPMG’s CEO is to step down, and the South African Motor Body Repair Association (SAMBRA) says there are over R2m in motor insurance claims outstanding

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World Bank cuts sub-Saharan growth forecast

The World Bank says global trade risks and a weakening demand for the area’s products are likely to contribute towards low growth.  READ MORE

KPMG South Africa to replace CEO

Nhlamulo Dlomu is to step down in the wake of the corruption scandal that has seen the company lose a number of major clients. Dlomu will, however, remain at the company, taking on a new role that focuses on ethical leadership and organisational culture change. READ MORE

SAMBRA says over R2m in motor insurance claims outstanding

The South African Motor Body Association (SAMBRA) has sent out an urgent alert to its members regarding outstanding payment from Nzalo Insurance for repair work authorised and completed.  READ MORE

Fuel-price hike could lead to job losses?

The Road Freight Association has warned that consumers will be unable to afford to buy certain products, which may see small businesses closing – and this could result in job losses.  READ MORE

Harmony Gold reaches wage deal with unions

Harmony Gold has concluded a wage agreement with unions that represent approximately 69% of the miner workforce, in terms of which miners, artisans and officials will receive increases of 6.3% for each year of the agreement.  READ MORE