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
Government budgets across the world are often delivered with some fanfare. South Africa is no exception. In February every year, South Africa’s minister of finance presents his budget speech to parliament amid national excitement. As the
When you want to know the future, acknowledge the past. As citizens of a rapidly accelerated world, we are seduced by the idea that our situation is unique. In many ways, it is – not the least how the workplace is
At a meeting open to all Uber Technologies employees on Tuesday, Travis Kalanick apologised for cultural failings at his company after a former employee alleged she was harassed and discriminated against while working there. Alongside board member
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
In this episode, Duncan McLeod chats to Jim Brent, the chief technology officer of South Africa’s new stock exchange, ZAR X. Brent tells McLeod about how technology and telecommunications – particularly the proliferation of
Many see the decision by the ANC to send the disgraced former CEO of the power utility Eskom to parliament as the precursor to another attack on the national treasury and to remove finance minister Pravin Gordhan. The decision to give Brian Molefe
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