51 The inflation rate for June will be announced on Wednesday, while the repo rate will be announced on 31 July. While the inflation rate was 2.8% in May and April, most…
Category: Business
EFTs may go in Reserve Bank payments overhaul
58 Reserve Bank govenor Lesetja Kganyago The South African Reserve Bank has released a position paper outlining how it intends carrying out its national payments ecosystem modernisation programme. According to Reserve Bank…
S&P Global exposes Transnet’s operational crisis as it fails to meet targets
49 The rating agency’s assessment is that Transnet is “entirely dependent on state support” and faces “sizable negative free operating cash flow”. S&P Global’s downgrading exposes Transnet’s operational crisis as reform efforts…
Africa’s phone king eyes $1-billion Hong Kong listing
44 Shenzhen Transsion Holdings, the biggest seller of mobile phones in Africa, is weighing a second listing in Hong Kong, according to people with knowledge of the matter. Transsion is in talks…
Credit providers must not delete your whole credit history after debt review — NCR
43 Credit providers are less likely to grant credit to someone with no credit history, as they cannot assess whether the person will be a reliable payer. Debt review has helped many…
WeBuyCars lets AI take the wheel
53 JSE-listed vehicle trading platform WeBuyCars has built two AI tools it said it believes will form a “cornerstone of its future growth”. Dubbed “Blue” and “Orange”, the artificial intelligence tools will…
SABC wants VAT exemption on TV licences
57 Cash-strapped public broadcaster the SABC has proposed applying to national treasury for a VAT exemption on TV licence fees in an effort to boost its finances. According to a report by…
Tax season now open: Sars pays out R10bn in refunds after auto-assessments, you could be owed
33 Tax season 2025 is scheduled to run until 20 October for non-provisional taxpayers and 19 January 2026 for provisional taxpayers. Taxpayers who were not auto-assessed by the South African Revenue Services…
Telkom has a new logo and brand identity
53 Telkom has made a subtle change to its logo South Africa’s oldest telecommunications operator, Telkom, has a new brand identity, including a refreshed logo. The company, which has been performing well…
Is the dtic sabotaging its minister?
41 Parks Tau appears to prefer the audacity of hope rather than the practicality of reality. In an interview last week, PowerFM’s Mbuyiseni Ndlozi quizzed Minister of Trade, Industry and Competition Parks Tau about…