Last year was a particularly bad one for South African millionaires, according to the latest South Africa 2016 Wealth Report by New World Wealth. The number of these so-called high net worth individuals declined by 18% during 2015 – from 46 800 at the end of 2014
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Standard Bank Research said the “rand sacrificed most of the gains it had made since the end of January”, which analysts on Monday said was due to a boiling point in politics involving President Jacob Zuma and finance minister Pravin Gordhan
Icasa met secretly and unlawfully with Vodacom to discuss the operator’s proposed R7bn acquisition of Neotel, leading to a “reasonable suspicion of bias” against the communications regulator, the high court in Pretoria has found. In a damning judgment, handed down on Friday, Judge
Although nothing was said directly in the 2016 budget about the privatisation of state-owned enterprises, “something is coming”, according to economist JP Landman. At the same time, he said common sense seems to indicate that
JSE- and Nasdaq-listed technology company Net1 UEPS Technologies on Friday issued a statement to shareholders saying its long-serving chairman and CEO, Serge Belamant, was duped into thinking he had a PhD. In a statement issued on the
Finance minister Pravin Gordhan said on Friday there is a group of people that are not interested in South Africa’s economic stability and who seemingly want to disrupt institutions and destroy reputations. In a day of high drama, in which it
Over the past few weeks, I have worked with the national treasury to deliver a budget that reinforces South Africa’s fiscal credibility and outlines the measures we will take to improve economic growth and tackle our challenges of poverty, inequality and unemployment
If you hear Koeberg nuclear power station’s sirens going off on 5 March, there is no need to race to the Huguenot tunnel to shelter from the fallout – it is just a test. The station, on the coast north of Cape Town, will test its public warning system as part of its
Trade union Solidarity on Friday said a further 300 jobs are on the line at Telkom as the company continues with a cost-cutting programme that involves reducing the size of the organisation’s employee base. The union said in a statement
Finance minister Pravin Gordhan threatened to resign ahead of his crucial budget address over an alleged clash with South African Revenue Service commissioner Tom Moyane and ultimately a “proxy war” with President Jacob Zuma, reports said on Friday








