SA Money Daily | US sanctions Putin crony who heads Naspers-linked social media site

Carol Paton | Can Godongwana wrestle the wage bill down?

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, FIN24 DEPUTY EDITOR US sanctions Putin crony who heads Naspers-linked social media site; company mum on plans Naspers subsidiary Prosus has refused to be drawn on the future of its stake in the owner of Russia's biggest social media networking site, VKontakte.   VKontakte, which is part of Russian internet company VK Group, boasts more than 100 million active users and is more popular than Facebook in Russia.     This week it was reportedly targeted by a disinformation network that spread Kremlin-friendly propaganda. Since 2017, it has been banned in Ukraine for allegedly carrying pro-Russian propaganda.  Read More Carol Paton | Can Godongwana wrestle the wage bill down? Finance Minister Enoch Godongwana has taken a chance in his maiden budget, assuming another two-year wage freeze. But the task he has set himself is a big one: there are many long-standing allowances and privileges baked into the system. Quotas for foreign workers: Offending employers to be fined R100 000 The newly released National Labour Migration Policy will give the minister of employment and labour and director-general powers to fine businesses and conduct inspections. After profits take massive hit, Harmony Gold prioritises growth amid mine closures The Bambanani mine is closing two years ahead of schedule but expansion projects are expected to boost Harmony's grades and volumes. The trust is gone, say public sector unions as apex court ends hopes of wage deal Public sector unions say that it will be difficult to get a multi-year agreement with government after it reneged on the last one with impunity Media24 sells KZN publications, including The Witness Media24 is selling the bulk of its media operations – including The Witness newspaper - in KwaZulu-Natal to Capital Newspapers (CN). SA wine producers on tenterhooks as exports to Russia, Ukraine on hold It is still uncertain what the potential impact of the conflict in Ukraine will be on South African wine exports to the region. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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