317 Image for illustrative purposes only A breakthrough in quantum technology was achieved in October 2024: the first-ever quantum satellite communication link between China and South Africa. The connection spanned a remarkable…
Category: Business
Court orders MamKhize’s Royal AM to pay back R27 million to Msunduzi Municipality
278 The sponsorship agreement between Royal AM and Msunduzi Municipality was deemed unlawful and invalid. Tough times seem to be lasting in the life of controversial businesswoman Shauwn “MaMkhize” Mkhize as she suffers…
TymeBank, home affairs in talks after ID fee hike clash
324 Tyme Group CEO Coen Jonker TymeBank is engaged in discussions with the department of home affairs and its minister, Leon Schreiber, after the parties’ very public spat over a big hike…
The great office divide: South Africa’s post-Covid work strategies
443 South African companies have taken widely divergent approaches to their work-from-home polices as the Covid-19 pandemic and lockdowns recede into memory. While some have embraced the remote work culture, others have…
Fresh call to cut South Africa’s EV taxes
263 Charge founder Joubert Roux Nearly a year after President Cyril Ramaphosa hinted at tax rebates or subsidies for electric car buyers, there has been little obvious movement. At Naamsa | The…
Sars fights on, as illicit trade ‘devastates’ SA’s fiscus
255 Criminals must know they are in the tax man’s sights. The South African economy loses billions of rands to tax evasion and illicit financial flows annually, but the South African Revenue…
Eskom vs solar users: Outa slams costly compliance rules
304 The Organisation Undoing Tax Abuse (Outa) has asked homeowners and businesses who have private solar installations to pause any plans to register their systems with energy regulator Nersa until Outa and…
CompCom greenlights Pepkor’s R1.9bn fashion brands acquisition
283But with some conditions. JSE-listed retail giant Pepkor has received the green light from the Competition Commission (CompCom) to acquire five retail store brands – Legit, Style, Boardmans, Swagga and Beaver Canoe…
South Africa will offer US revised trade deal
287 Trade minister Parks Tau. Leah Millis/Reuters South Africa will offer the US a revised trade deal in an effort to lower the 30% tariff imposed last week on its exports to…
Economists’ economic growth outlook steady but remains subdued due to global risks
276 The forecast of the top 40 economists in the country is not very good, but then also not that bad either. The country’s top 40 economists forecast that the economic growth…