97 President Cyril Ramaphosa. Image: GCIS Government plans to launch the “alpha” (pre-beta) version of its revamped central website this month, according to according to an update of the second phase of…
Category: Business
They collect your tax and earn R33 million while doing it – Meet Sars’ top earners
114 The commissioner received a salary of R8 million during the period, approximately R666 000 per month. You might think that executive pay at state-owned enterprises (SOEs) would be far lower than at…
AI is rewriting cybercrime – and Microsoft warns companies are dangerously behind
110 Kerissa Varma Companies in South Africa and around the world must make better use of artificial intelligence if they’re to fend off malicious actors who are themselves harnessing AI to intensify…
No, online gambling has ‘not been banned in South Africa’
141 A gambling law expert has challenged the National Gambling Board’s (NGB) assertion that licensed South African bookmakers are operating unlawfully by taking bets on casino-style “contingencies”. Garron Whitesman, founder of Whitesmans…
First Rand increases employee salary to R21k per month, CEO earns R933k
139 At least 44 of the bank’s lowest-paid employees could be paid with the CEO’s cash package. The pay gap between the CEO and the lowest-paid employee at any company speaks volumes,…
New CEO for TymeBank
146 Cheslyn Jacobs Digital challenger bank TymeBank will have a new CEO from January. Cheslyn Jacobs will take the reins from Karl Westvig with effect from 1 January 2026. Westvig, who has…
making ESG data work for business
113 The author, SAS South Africa’s Itumeleng Nomlomo For most organisations, environmental, social and governance (ESG) reporting is no longer seen as optional. The real competitive edge lies in what happens after…
Retirement fund in hot water for benefit payout without consent
95 Member complained to adjudicator that the fund ignored his request to transfer his money to an annuity account. The South African Commercial Catering and Allied Workers Union (Saccawu) provident fund has been reprimanded…
Vodacom, MTN racing to dominate digital financial services in Africa
142 Vodacom Group is the mobile operator boasting the largest financial services operation on the African continent, with revenue, active users and transaction volumes surpassing those of rival MTN Group. On a…
Tough IT market hits Altron, group still hikes dividend 20%
97 Altron Group CEO Werner Kapp JSE-listed technology group Altron has lifted its interim dividend by 20% even as it warns of a “tough trading environment” in IT services. Group operating profit…