241 Tesla’s US$1-trillion, 10-year pay package to retain CEO Elon Musk is likely to be approved by shareholders at the company’s annual meeting in November even though the amount is staggering. That…
Category: Business
Trust meets legacy: ASI Gala Dinner 2025 – A celebration of African partnerships
160The Sandton Convention Centre was alive with energy as ASI Group hosted its annual gala dinner under the theme ‘Celebrating Trusted Partnerships in Africa’. The Sandton Convention Centre was alive with energy…
OpenAI’s staggering burn rate: $115-billion by 2029
224 OpenAI has sharply raised its projected cash burn through 2029 to US$115-billion (R2-trillion) as it ramps up spending to power the AI behind its popular ChatGPT chatbot, The Information reported on…
Here’s why you should not splurge if you got a tax refund
130 Taxpayers who filed their tax returns now know if they owe the taxman or if Sars is giving them money back. If you are lucky enough to get a tax refund,…
Surgeons make South African history with first robotic kidney donation
216 Robotic surgery technology has been used to remove a donor kidney at Tygerberg Hospital in Cape Town, marking an advancement in organ donation. According to the University of Stellenbosch, the surgery…
Blacklisting women in South Africa: what are the implications?
124 Causing a woman to be blacklisted is almost the same as locking her up; she cannot borrow money and therefore, she cannot leave. In a country struggling with getting its economy…
Influencer hustle meets tax muscle as Sars steps up enforcement
223 Sars commissioner Edward Kieswetter The South African Revenue Service is sticking to its guns over taxing social influencers and plans to conduct outreach programmes so that they know what is expected…
Banks should review PayShap fees – Standard Bank
259 Standard Bank’s Nthabiseng Mohale Banks should review their pricing strategies for PayShap transactions to drive higher rates of financial inclusion and increase adoption of the rapid payments platform in South Africa….
From freebies to fees: How Sars plans to tax influencers’ gifts and trips
130 Payment in the form of products, services, or travel is regarded as taxable income and must be taxed accordingly, according to Sars. Social media influencers are set to feel the taxman’s…
no good news, except for gold
175 The rally in gold, the only good news, was again driven by expectations of Fed rate cuts and geopolitical uncertainties. Although it was a busier week on the economic front, none…