194 China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal…
Category: Business
Treasury shuts door on ‘honest mistakes’ as tax penalty rules tighten
190Treasury publishes proposals to tighten tax laws. National Treasury published several legislative amendments over the weekend that will give effect to tax announcements made in the 2025 Budget, which was eventually presented…
M-Net pioneer Cobus Stofberg steps down from Naspers, Prosus boards
181 Cobus Stofberg in an undated file photograph, likely taken in the 1990s, on the roof of MultiChoice’s broadcast centre in Randburg, Johannesburg. Image: MultiChoice Group Cobus Stofberg, a veteran of television…
Inflation at 10-month high due to beef prices, but coffee drinkers will be happy
171Economists predicted that inflation would start to increase in the second half of the year, but an increase of 0.5% is a bit steep. The inflation rate increased to a 10-month high…
Checkers rolls out smart trolleys to kill the checkout queue
164 There’s no escaping the advance of technology, which is now coming to supermarket trolleys in South Africa through Shoprite Group-owned retail chain Checkers. The Checkers Xpress Trolley lets shoppers scan as…
Malatsi prioritising BEE policy review
259 Communications minister Solly Malatsi. Image c/o DCDT Government is prioritising a review of broad-based black economic empowerment (B-BBEE) rules on the licensing of telecoms companies, which could see companies like Elon…
Zero cranes in Sandton CBD tells the story of Joburg’s decline
175 The days of multiple cranes across the Sandton skyline – maybe a decade ago – are far, far gone. It’s been well over a year since there’s been a construction crane…
Ford recalling more than 21 000 Rangers, Mustangs, EcoSports, Everests and Transit Custom
177 One of the most concerning issues is that the parts needed to repair the cars are currently unavailable. Ford Motor Company Southern Africa (FMCSA) has announced three separate recalls affecting their…
MVNOs could wreck SA’s mobile market, MTN boss warns
172 MTN Group CEO Ralph Mupita has warned that discounted pricing by mobile virtual network operators could have adverse consequences for the entire mobile telecommunications industry if MVNOs continue to offer data…
Agricultural exports doing well so far despite US tariffs
171 The two main South African agricultural exports to the US, citrus and Rooibos, will feel it in the next season if the 30% US tariff remains. South Africa’s agricultural exports have…