PMI points to bleak outlook

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The latest Standard Bank South Africa Purchasing Managers’ Index paints a bleak picture of the South African economy, signalling the most marked deterioration in operating conditions in over one-and-a-half years. The Standard Bank survey produced by

Unicorns are on the endangered list

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What a difference two years can make. The herd of private technology start-ups worth over US$1bn – dubbed “unicorns” – is looking decidedly skittish. Funding is drying up and the expected rivers of revenue have not yet begun to flow. On Friday

The Apple co-founder you’ve never heard of

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Ronald Wayne. Never heard of him, right? Most people haven’t. Yet he one of the triumvirate who co-founded Apple, alongside the two Steves – Jobs and Wozniak. As Apple, today the world’s most valuable company by market capitalisation, celebrates the 40th

IEC postpones all by-elections

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The Electoral Commission of South Africa (IEC) has postponed all by-elections in the country as it battles to provide a voters’ roll that has people’s correct addresses. It took the decision as it was still not clear whether the absence of voters’ addresses would

Petrol price to jump on Wednesday

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The price of petrol will rise by 88c/l on Wednesday, said the department of energy. In Gauteng, a litre of 95 unleaded petrol and lead-replacement petrol will increase by 88c, while that of 93 ULP and LRP will increase by 86c. Diesel (0,05%) wholesale will

Inside the Panama Papers

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With the Panama Papers exposé perhaps we can now say the fortress walls of offshore secrecy are finally cracking. Such havens allow corruption and tax avoidance to take place on a massive international scale by some of the richest and most powerful

You can now buy a funeral plan at an ATM

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FNB Life announced on Monday that consumers can now take up funeral plans through nearly 6 700 FNB ATMs and Slimline devices across the country. The insurance distributor and administrator’s CEO, Lee Bromfield, said in a statement that making