144 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…
Category: Business
The South African bank racing ahead of its peers in IT spending growth
199 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
191But 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
188 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…
R54-billion Eskom tariff shock exposes absurdity of electricity regulation
199 The author, Business Leadership South Africa CEO Busi Mavuso There is surely no greater sign of the urgent need for reform of the electricity sector than the way Eskom’s electricity tariffs…
The most overhyped but underwhelming product in history
195 In the heady last years of the 20th century, when inflation was low, interest rates were modest and employment levels high, the term “new economy” took on a whole new meaning….
Changes coming to Uber and Bolt in South Africa
159 The NLTA will require e-hailing drivers to be vetted and subjected to criminal record checks. The recent protest in Soweto, Gauteng, has put pressure on the government to speed up the…
Will Checkers’ self-service checkout worsen unemployment?
143 ‘No employees or positions are adversely impacted by this pilot’. Several fast-food outlets across the world have rolled out self-service machines for customers to put in their orders and pay without…
Meta created flirty chatbot of Taylor Swift without permission
201 US singer Taylor Swift. Daniel Cole/Reuters Meta Platforms has appropriated the names and likenesses of celebrities – including Taylor Swift, Scarlett Johansson, Anne Hathaway and Selena Gomez – to create dozens…
Money Smart Week: Five tips for SMEs to prepare for setbacks
172 ‘Financial preparedness goes beyond insurance. It’s about building resilience into your business and making sure you’ve planned for the risks you can’t predict.’ The National Treasury, in partnership with the Financial…