230 Alexforbes paid out R9.5 billion in the first year of the two-pot retirement system, with 70% of members withdrawing for a second time. Since the two-pot retirement system was introduced exactly…
Category: Business
Manufacturing dips below 50 points as US tariffs weigh on demand
175 Despite this decline, it is worth noting that the average PMI for the third quarter is currently 50.2 points, compared to 45.4 for the second quarter. Manufacturing PMI in August 2025…
Cyber crooks cashing in as ATM attacks decline
164 The rate of banking sector-related contact crimes such as branch-before-deposit and ATM-after-withdrawal robberies are in sharp decline as criminals find higher rates of success through digital means to defraud people. According…
Capitec Bank loses its crown as Africa’s most valuable bank. Here’s the new ranking
148 Last week, Capitec’s market capitalisation reached R424 billion, overtaking FirstRand as Africa’s most valued bank. Capitec Bank, established in 2001 and listed on the Johannesburg Stock Exchange (JSE) in 2002, dethroned…
Tech loopholes fuel vehicle theft surge in South Africa
199 Advancements in wireless technology have made it possible for vehicle owners to access and start their cars without having to insert a physical key into the door or ignition cylinder. However,…
Nedbank enters South Africa’s mobile market
187 Nedbank is the latest non-telecommunication brand to enter the mobile market, launching an MVNO – or mobile virtual network operator. Nedbank Connect has partnered with MTN South Africa to provide the…
Prominent SA businessman Lazarus Zim sued for over R123m
143 A former stockbroker lodged the claim, relating to a BEE transaction involving JSE-listed Northam Platinum. Prominent South African businessman Lazarus Zim has been summonsed by a former stockbroker to pay him…
The South African bank racing ahead of its peers in IT spending growth
198 Most of South Africa’s five largest banks are increasing their spend on IT – excluding staff costs – in single-digit percentages, their most recent full-year financial results show. However, Capitec –…
Nersa approves cheaper electricity for Amsa
189But Eskom warns other consumers will pay for it. The energy regulator Nersa, at its meeting on Thursday 28 August, approved an application from ArcelorMittal South Africa (Amsa) for relief regarding the…
Cell C listing plan gains momentum
185 Cell C’s largest shareholder, Blue Label Telecoms, on Monday announced that an agreement has been reached on a major restructuring involving the mobile operator ahead of its likely (but still not…