Former Eskom CEO Brian Molefe was sworn in as a member of parliament for the ANC on Thursday morning. He was controversially nominated to take up an MP seat by the ANC in the North West, prompting
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Spending on IT at Absa parent Barclays Africa Group spiked by 17% to reach R7,4bn in the 2016 financial year ended 31 December, accounting for 19% of group costs. And the figure looks set to rise further still. Barclays Africa Group said on
South Africa’s wealthiest individuals will bear the brunt of higher taxes introduced by finance minister Pravin Gordhan to plug a revenue shortfall as economic growth falters. The top marginal income-tax rate for about
Uber has reached an agreement with several security response services to improve safety and security for driver-partners in South Africa. “The new partnerships will see security and medical services dispatched in
Telkom is considering a bid of as much as R13bn for Cell C, which has missed debt payments and is trying to complete a recapitalisation, according to three people familiar with matter. Investment banks are also approaching other potential
South Africa’s new stock exchange, ZAR X, listed its first companies on Monday, with Senwes and parent Senwesbel the first to join the bourse. It’s the first rival to the incumbent, the JSE, in decades. The new stock market, which is entirely electronic
South Africa’s first alternative exchange, ZAR X, made its debut on Monday with the listing of agribusiness Senwes and its holding company Senwes Beleggings (Senwesbel), which marked the disruption of a more than 50-year long monopoly
The Organisation Undoing Tax Abuse, long a thorn in the side of roads agency Sanral over the tolling of Gauteng roads, has now set its sights on Eskom, lodging a complaint with the Competition Commission seeking the state-owned power
International money transfer service TransferWise has announced an integration with Facebook’s Messenger that will let people set up foreign exchange transactions over the chat service. London-based TransferWise launched the technology
Now there’s another Facebook app making features that mimic Snapchat. WhatsApp, the chat application owned by Facebook and used monthly by 1,2bn people, is adding a built-in camera to let people take photos or videos, and send them