Takeaway entrepreneur on fast track

Despite owning 11 fast food outlets in four towns in the Eastern Cape, together employing more than 350 people, Sicelo Mntonga still regards himself...

Rand marginally weaker as Zuma hangs on after ‘constructive’ talks with Ramaphosa

The rand was slightly weaker on Wednesday afternoon‚ after Deputy President Cyril Ramaphosa said he was still in direct discussions with President Jacob Zuma...

Bonds remain stable as Jacob Zuma-related rumours circulate

South African bonds were little changed on Monday afternoon‚ with the rand range-bound as the market waited for news from the ANC. ANC officials were...

Trillian ‘scored R41m from Transnet for doing nothing’

Transnet chairperson Linda Mabaso signed off on a R41-million deal with Gupta-linked company Trillian at a special out of office meeting — while mourning...

JUST IN: Brian Molefe loses pension bonanza

Former Eskom boss Brian Molefe is not entitled to the multi-million rand pension payout he received from Eskom. His claims of early retirement were contrived...

Corruption is eating at governance and should not be tolerated – Mabuyane

Working with the business fraternity can easily catapult Buffalo City Metro into seriously competing with other bigger metropolitan economies in the country. These were the...

Pravin Gordhan says Eskom’s Singh should be declared a delinquent director

Former Eskom chief financial officer Anoj Singh — who was allegedly at the heart of state capture of the utility — was accused of...

Reality check for Ramaphosa as IMF flags problems in SA economy

South Africa needs to rebuild business confidence and clean out the rot. This is the blunt message delivered to Cyril Ramaphosa by International Monetary...

Bonds stable ahead of ANC meeting and Reserve Bank announcement

South African bonds were little changed on Thursday morning‚ with caution prevailing in the market ahead of key risk events later in the day. The...

Ford offers Kuga owners settlements to squash class action suit

Global motoring giant Ford is offering to settle the bank loans of Kuga owners whose vehicles have either caught alight or malfunctioned. Ford has been...

Gigaba’s advisor helped Public Protector compile Bankorp report

Public Protector Busisiwe Mkhwebane has confirmed that she had consulted Prof Chris Malikane — the controversial economic adviser to Finance Minister Malusi Gigaba —...

How not to break the bank during back-to-school shopping

Do your homework before heading out to shop for back-to-school items. This is one of the tips from Sanlam Personal Finance’s advice‚ processes and tools...

MTN unveils Africa’s quickest mobile downloads‚ but there’s a snag

MTN says it has achieved download speeds of more than 20 gigabits per second in its first trial of fifth-generation (5G) technology. “This is the...

Technical glitch keeps JSE closed on Wednesday morning

The JSE failed to open on Wednesday morning after being closed on Monday for Christmas and Tuesday for Boxing Day. The local bourse suffered a...

Guptas could lose luxury jet as family falls behind on repayments

The controversial Gupta family have fallen behind in their scheduled repayments of a loan that paid for their now infamous private jet‚ ZS-OAK. According to...

Bonds firmer as rand gains slightly on Moody’s view and possible ANC recount

South African bonds were firmer on Tuesday afternoon‚ as the rand gained marginally against the greenback on indications that controversial ANC secretary-general Ace Magashule...

SARS cracks down on counterfeit clothing

More than R97-million worth of fake clothing was seized by the South African Revenue Service (SARS) in its crackdown against illegal clothing and textile...

Bonds gain strongly in line with the rand

South African bonds gained substantially on Monday afternoon‚ taking their cue from a stronger rand. The yield on the benchmark R186 bond dipped to its...

R5m hub for informal traders

A planned R5-million business hub has a group of informal traders rejoicing that having to work in the open in all weather conditions will...

Petrol price optimism for New Year motorists

The price of petrol is set for a month-end decrease of around ten cents a litre. This is according to the Automobile Association (AA)‚ commenting...

Former Treasury DG Lungisa Fuzile hired for top job by Standard Bank

Standard Bank today announced the appointment of Lungisa Fuzile as its Chief Executive. The post is with effect from 15 January 2018. Fuzile takes over from...

ANC elections could lead to big rand moves

The rand was weaker against the dollar on Thursday just before midday‚ with the local market now focused on the ANC’s national elective conference...

‘Fast-tracked’ probe into KPMG and auditor in SARS report debacle stalls

An investigation into possible wrongdoing by KPMG in its report on the South African Revenue Service (SARS) “rogue unit” and the auditor responsible for...

Eastern Cape rural areas milking it big

The Eastern Cape is fast-becoming one of the promising dairy-producing provinces in the country as many dairy projects are opening in rural areas. In the...

Changes to new Eskom board insufficient: OUTA

The civil action group Organisation Undoing Tax Abuse (OUTA) says the changes to the new Eskom board are insufficient and that more changes would...

Steinhoff crashes after Moody’s downgrade

Steinhoff International’s crash resumed on Friday morning‚ with the share falling another 45% to R5.50‚ taking its plunge over the week to 90% from...

‘We want the criminals arrested’ – Cosatu on Steinhoff saga

Trade union federation Cosatu has expressed its anger over the reported accounting irregularities at household goods retailer Steinhoff. Steinhoff announced on Wednesday that CEO Markus...

Markus Jooste quits as Steinhoff CEO as accounting scandal intensifies

Steinhoff International CEO Marcus Jooste resigned on Tuesday night‚ and the release of the company’s full-year results - originally scheduled for Wednesday - has...

Government must utilise digital age

Digitise government business to deliver fast, efficient services and automate community meetings to get more input into understanding residents’ needs and concerns. These were among...

Mahlobo ready to rush through energy plan

Energy minister David Mahlobo has announced a major energy indaba for the first week in December to get public participation on contentious issues like...

Huge fuel hike on the cards

South Africans can expect a hefty increase in the cost of fuel come December when the price of petrol can be expected to rise...

Franchise expo offers perfect opportunity for aspirant business owners

Franchise companies from around the country will flock to the Buffalo City Metro this week for the fourth annual Franchise Expo. The free three-day expo...

‘Coastline a key growth driver’

Capitalising on the coastal city of Buffalo City and transforming surrounding areas was at the top of the agenda at a two-day business seminar...

Massive funds boost for firms

The Eastern Cape Development Corporation (ECDC) has disbursed more than R168-million to 263 businesses in the 2016-17 financial year. Announcing the development financier’s annual results...

I wasn’t fired from SAA‚ Myeni says

The outgoing South African Airways (SAA) board chairperson Dudu Myeni said she was not fired from the state-owned airline but her term came to...

Rand slumps through R13.40/$ after Zuma’s Cabinet reshuffle

The rand extended losses against major global currencies shortly after President Jacob Zuma made a surprise reshuffle to his Cabinet. In a knee-jerk reaction‚ the...

Bonds lose ground on rand as Zuma axes Blade Nzimande

South African bonds were weaker in afternoon trade on Tuesday as the market followed a softer rand following President Jacob Zuma’s 12th Cabinet reshuffle...

‘Please explain 71% vehicle licence fee increase‚ Mr Minister’

The Justice Project South Africa has called on Transport Minister Joe Maswanganyi to explain why he increased vehicle licensing renewal by 71%‚ effective February...

‘We did not understand fully the agendas at play’ – McKinsey on Eskom

US global consultancy firm McKinsey said on Tuesday "we made several errors of judgement and process" as it announced that it would suspend work...

IN FULL: Why McKinsey is suspending work for state-owned companies in South Africa

McKinsey & Company statement on Eskom October 17‚ 2017 Over the past four months our Global General Counsel‚ Jean Molino‚ conducted a thorough investigation into the...

Eskom’s increase request worse than ‘attempting to milk a mosquito dry’: ANCYL

The proposed increase request by Eskom is worse than “attempting to milk a mosquito dry”‚ because it disregards the fact that more than 30.4...

Icasa raids China Mall

Retailers who sell communication devices that do not meet the regulatory‚ technical and safety requirements by the Independent Communications Authority of South Africa (Icasa)...

Cape Town wants to take over rail transport in city

Citing fears of a public transport collapse‚ the City of Cape Town has declared its intention to take over management of the commuter rail...

Travel companies give safety tips after robbery of 36 Dutch tourists

One of the 36 Dutch tourists who were robbed last weekend said he will only return to South Africa if his transport is driving...

National Treasury bails out SAA

The government has again come to the rescue of the financially crippled South African Airways (SAA) with a bailout of R3-billion. SAA will repay its...

Eskom to meet with Business Leadership SA over its suspension

Power utility Eskom says it has noted the decision by Business Leadership South Africa (BLSA) to suspend its membership. “Eskom’s Interim Group Chief Executive Johnny...

Motsepe brings new bank to SA with TymeDigital

African Rainbow Capital's banking partner has secured an operating licence from the South African Reserve Bank. This is the first licence issued to a...

Don’t trip … SAA cuts back routes in turnaround drive

South African Airways is cutting back the number of its local flights‚ while also reducing trips to major African countries. The troubled state-owned airline announced...

BLSA leader takes government to task

Business confidence in South Africa is at a 30-year low because of the behaviour of the government and its poor leadership‚ Business Leadership SA...

Auditor-general red flags SABC’s abysmal results; R3bn bailout an option

The auditor-general has warned about the going-concern status of the SABC‚ noting that the public broadcaster was commercially insolvent at the end of March. The...