Author Agency Staff


Reserve Bank hikes interest rates

The South African Reserve Bank’s monetary policy committee hiked the repo rate by 25 basis points to 6%/annum, effective from 24 July 2015, its governor Lesetja Kganyago announced on Thursday. Banks will raise their prime lending and variable mortgage


Cape Town confiscates 10 000 drivers’ phones

The City of Cape Town is warning motorists not to drive while using cellphones as it ramps up its confiscation programme. On Tuesday, the city announced that it was nearing the 10 000 mark in terms of confiscated cellphones from drivers since 2012.


Are libraries still relevant?

Young Jo’burgers in school and university still use libraries — but not necessarily for reading. It appears that while the number of people using library facilities are on the rise, it is mostly for studying, research or for access to the Internet, according to the


Watch how hackers can take control of a Jeep

Smart technologies in modern cars could make them vulnerable to hackers, a video purports to show. In a YouTube posting by Wired, a standard 2014 Jeep is hacked by a pair who compromise the cellular connectivity of the vehicle. “It hasn’t been altered in any way


How crooks steal your identity

Cybercrooks don’t need to hack your computer or cellphone to steal an identity. They simply trawl cemeteries for a target ID, says a security expert. “Fraudsters will trawl cemeteries, online obituaries, even newspapers to find a deceased person that


Gov’t intervention weighs on SA business

High levels of government intervention, high tax rates, complicated investment opportunities and a high level of trade union involvement have weighed down South Africa’s wealth scorecard, a study revealed on Tuesday. New World Wealth analyst Andrew


A tale of two Soweto schools

It’s the first day of the new term and eager young pupils at Megatong Primary School in Soweto gather in the school yard on Monday morning, oblivious to the uphill battle their teachers and parents have to face keep the dilapidated facility open. The school, which has


Uncapped data, tablets for Gauteng schools

From Tuesday, thousands of pupils at township schools around Gauteng will have tablets, smartboards and unlimited mobile data during specific hours. “I am proud to declare that as from tomorrow your life will never be the same again,” Gauteng education


Eskom pulls plug on bonuses

Eskom employees missed out on bonuses this year, spokesman Khulu Phasiwe confirmed on Monday, adding that its AGM will take place in the first week of August 2015. “It is true that we are not assigning bonuses,” he said. “It would be wrong to give bonuses if


SA start-up Giraffe wins spot at top contest

A local recruitment start-up, which operates a business-to-business application that connects job seekers with positions at firms, has won a place to pitch its business against competitors and win a potential US$500 000 in equity. Giraffe, which runs a

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