114 Seasoned investigator among senior officials reappointed as the revenue service rebuilds capacity. Expert investigator Johann van Loggerenberg has returned to the South African Revenue Service (Sars) almost 10 years after being…
Category: Business
Optasia secures strong investor demand ahead of JSE debut
102 Emerging markets fintech Optasia has confirmed it will list on the JSE at a valuation of R23.5-billion following the closing of its bookbuilding period on Thursday. The company – backed by…
Netflix is said to be exploring mega Warner Bros takeover
107 Netflix is actively exploring a bid for Warner Bros Discovery’s studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the…
Will Reserve Bank still cut repo rate with inflation target of 3%?
106 Although a 25 basis points cut in the repo rate does not sound like a big difference, cash strapped consumers will take any extra money they can get. The Reserve Bank…
Good news about jobs in global business services sector
102 In South Africa, where only 16.8 million people out of 41.8 million are employed, it is good news if new sustainable jobs are created. In a time of policy uncertainty and…
Mastercard plots major push into stablecoins
130 Mastercard is in late-stage talks to acquire crypto start-up Zerohash for between US$1.5-billion and $2-billion, Fortune reported on Wednesday, citing five sources familiar with the matter. If the deal goes through,…
Datatec doubles dividend as profits soar
129 Datatec Group CEO Jens Montanana JSE-listed IT multinational Datatec Group has more than doubled its interim dividend after reporting a 109.5% year-on-year jump in headline earnings per share in the six…
Meet the South African family making billions from pharmacies and their plans for 2026
119 Ivan and Lynette Saltzman founded Dis-Chem in 1978, with the first retail pharmacy in Mondeor, south of Johannesburg. The Saltzman family is set to profit billions from their crown jewel, Dis-Chem…
South Africa’s AI data centre boom risks overloading a fragile grid
99 The author, Paul Colmer Everyone’s talking about artificial intelligence. And I mean everyone. The hype reminds me of the fanfare around 5G’s launch – all promise, waiting to see delivery. We…
Fintechs outpacing banks in South Africa’s informal economy
164 Annelene Dippenaar Fintech companies have taken a boots-on-the-ground approach to providing fit-for-purpose financial services in township and rural economies – and that’s helping them outpace the banks and drive digital adoption…