76 ‘These sophisticated scammers create convincing fake accounts that use WesBank branding, purporting to be official representatives selling bank auction vehicles.’ Many people in South Africa opt to buy second-hand cars for…
Category: Business
Limpopo megaproject sued over “stolen” rocks
74 A subcontractor on the multi-billion-rand Musina Makhado Special Economic Zone (MMSEZ) project removed R12-million worth of white rock, used to build roads, from a private property without permission. The state-owned company…
Bad news for meat lovers in South Africa
97 Meat has become the biggest driver of food inflation. The outbreak of foot-and-mouth disease (FMD) in South Africa has led to a significant increase in meat prices over the past three…
How to be a savvier saver and investor
66 National Savings Month is an initiative to promote healthier financial habits and encourage households to save. National Savings Month is almost over. Some consumers learned how to save, but how many…
who really pays for NHI?
112 Both the poor and the wealthy will have to pay for NHI. It will not be as free as government makes it out to be. Do you think the working class…
local politics and US tariffs coming next week
97 While inflation remained low in June, the picture can change from 1 August if the US tariff on South Africa remains at 30%. It was another busy week on the local…
fragmentation and reshaping global supply chains and African MNEs
72 South Africa has reportedly reached an agreement with the US about tariffs, but government is keeping it under wraps until it is finalised. The US tariffs that will be implemented on…
Reserve Bank and Ibex reach final settlement of R6.3 billion on Steinhoff fraud
69 Steinhoff imploded in December 2017 when the auditors refused to sign off on the financial statements due to irregularities. The South African Reserve Bank (Sarb) has reached a final settlement with…
South Africa gets R8.4 billion loan to help fix and improve its energy sector
58 The money will be used to support the implementation of the Just Energy Transition (JET). South Africa has secured a $474.6 million (approximately R8.4 billion) loan from the African Development Bank…
Tan’s tough turnaround: Intel cuts deep to regain focus
91 Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new…