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Cape Town rates going towards protection services as refuse collection resumes after extortion

Cape Town rates going towards protection services as refuse collection resumes after extortion
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Load shedding has led to job shedding for township businesses, report finds

Almost two-thirds of township businesses have been forced to shed jobs because of load shedding, according to a new report. Business owners say the situation is even more dire – they face closing if the power outages continue. ....

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Front firms still faking black ownership – report


Front firms still faking black ownership – report
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Cape Town – Challenges posed by front companies that misrepresent their true shareholders by falsely claiming black South Africans as owners continues, the first annual Black Industrialist Report highlighted.
The report, released by the Department of Trade, Industry and Competition (DTIC), provides details of approximately 100 black industrialists and entrepreneurs who have been supported by the National Empowerment Fund (NEF), and the Industrial Development Corporation (IDC), with case studies covering a range of productive sectors including food production; clothing and textiles; and mining metals machinery equipment, among others.
“Fronting practices continue in which companies misrepresent the position of true shareholders and beneficiaries by falsifying black South Africans as owners. In some cases, black-owned firms have lent and continue to lend their names to tender documents, while the ....

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