91 At least 44 of the bank’s lowest-paid employees could be paid with the CEO’s cash package. The pay gap between the CEO and the lowest-paid employee at any company speaks volumes,…
Category: Business
New CEO for TymeBank
104 Cheslyn Jacobs Digital challenger bank TymeBank will have a new CEO from January. Cheslyn Jacobs will take the reins from Karl Westvig with effect from 1 January 2026. Westvig, who has…
making ESG data work for business
71 The author, SAS South Africa’s Itumeleng Nomlomo For most organisations, environmental, social and governance (ESG) reporting is no longer seen as optional. The real competitive edge lies in what happens after…
Retirement fund in hot water for benefit payout without consent
45 Member complained to adjudicator that the fund ignored his request to transfer his money to an annuity account. The South African Commercial Catering and Allied Workers Union (Saccawu) provident fund has been reprimanded…
Vodacom, MTN racing to dominate digital financial services in Africa
77 Vodacom Group is the mobile operator boasting the largest financial services operation on the African continent, with revenue, active users and transaction volumes surpassing those of rival MTN Group. On a…
Tough IT market hits Altron, group still hikes dividend 20%
61 Altron Group CEO Werner Kapp JSE-listed technology group Altron has lifted its interim dividend by 20% even as it warns of a “tough trading environment” in IT services. Group operating profit…
Trump says China, other countries can’t have Nvidia’s top AI chips
59 US President Donald Trump Artificial intelligence giant Nvidia’s most advanced chips will be reserved for US companies and kept out of China and other countries, US President Donald Trump said. During…
Survey shows huge appetite for renewable projects
81 But low daytime demand may spoil the party. The 2025 Renewable Energy Grid Survey shows a sharp increase in the amount of renewable generation capacity industry players hope to build in…
R36 billion spent on small business loans in the last decade as unemployment rises by 8%
65 The Department of Small Business Development says it is attempting to cut red tape, while others suggest government is the obstacle. Billions have been spent on loans for micro, small and…
Sasria still recovering from 2021 unrest, now looking out for climate risks
73 After the unrest in July 2021, Sasria paid out all claims and incurred a R24 billion loss that it is still trying to recover. Sasria, the only non-life insurer that provides…