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SowetanLive Business News

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SowetanLIVE, published by Tiso Blackstar Group in Johannesburg, is the website of the , the English-language South African daily newspaper that started in 1981 as a liberation struggle publication and which serves a proudly South African readership who have earned the right to be in the know and on the move.

Many employees still desperate to share in UIF Ters benefit

Hundreds of employees are increasingly desperate or frustrated as they have not been paid the Unemployment Insurance Funds’ Covid-19 Temporary Employer Relief Scheme  benefits. 

Beware of cyber fraud when working from home

Internet fraudsters are having a field trip as people working from home are no longer protected by the normal firewalls and cyber security measures found in the workplace.

High costs of using any ATM return

Beware, now that people are returning to work, the banks have reintroduced high charges for failing to use your own bank’s ATM to withdraw money.

Bank offers secure service to protect online shoppers

With the country under lockdown, an escrow service makes sense as people increasingly turn to private purchases to save costs and also want to sell goods privately to raise cash. 

Businessman brings pizza treats to village

A young entrepreneur has brought pizza to rural communities and business is booming.

Government agrees to fund SAA rescue, draft plan says

Government has agreed to fund a restructuring of South African Airways, if a business rescue plan for the struggling state-owned airline is adopted, a copy of the draft plan showed on Monday.

'Give workers their pension funds'

The Association for Savings and Investment South Africa (Asisa) is in the process of putting together a working group to deliberate on the issue of allowing workers access to their retirement funds.

Ters: Decoding how temporary UIF relief works

If the lockdown has reduced your income and you were contributing to the UIF, you may be eligible for some relief from the fund’s temporary benefit scheme.

Motorists most aggrieved with short-term insurers

Although only 19% of motor vehicle claim disputes were resolved in favour of the insured consumer, the sector watchdog put R47.7m back into the pockets of these consumers.

What to do if you're struggling to pay your children’s school fees

Many parents are struggling to keep paying school fees, and while government and some private schools have offered contingency plans, other private schools have not. 

Spend vs save: No better time than a crisis to sharpen your pencil

Making a budget and managing it proactively has always been the best way to stay on top of your spending, and in crisis times you need to ensure you save as much as you can.

UIF pays out R15bn to Covid-19 Temporary Relief Scheme

The employment and labour department says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15bn to beneficiaries of the company relief scheme.

Business rescue practitioners shoot down SAA plan to fly under lockdown

SA Airways' joint business rescue practitioners (BRPs) on Wednesday shot down an  "unvetted" statement issued by the airline the previous day saying it was ready to resume domestic flights from mid-June

Tiger Brands eyes 'significant' job cuts

Food producer Tiger Brands is looking to cut "significant" numbers of jobs and has scrapped its interim dividend due to supply disruptions and margin pressures linked to the coronavirus, it said on Monday.

Four tips to address black tax as finances take strain during lockdown

When we feel helpless we often stay mum because we feel we have no control, but there is always something you can do, says financial planner and columnist Zanele Kunene. 

Building a community of health care workers in rural KZN

An inspiring story of a community investing in each other to reshape the future of rural health care

Reserve Bank cuts repo rate a further 50bps to 3.75%

This was the fourth meeting of the Bank’s monetary policy committee this year, after an emergency one was held in April

Homeowner saddled with huge debt after repossessed home sold for a mere R1,000

The auctioning of a man’s house for a mere R1,000 was a “massive destruction of value” and you have to wonder how the bank could allow this to happen, says a legal expert.

‘Hot thinking’ in these uncertain times can ruin your finances

Behavioural scientists call thinking under stress “hot thinking” and it tends to lead us to react defensively. 

Medical schemes anticipate increase in mental health claims

Medical schemes are expecting a rise in mental health claims once the lockdown ends, despite a decrease in hospital admissions for these conditions in the last two months. 

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