The South African Social Security Agency’s irregular expenditure over the last financial year skyrocketed by over a thousand percent, from R93m in 2014/2015 to over R1bn in 2015/2016. The bulk of the R1,1bn
Samsung Electronics has finally called a halt to its production of the Galaxy Note7. Following on from its earlier problems with the devices spontaneously setting alight, it seems that the replacement also suffered from
The showdown between President Jacob Zuma and finance minister Pravin Gordhan over control of the nation’s finances appears to be reaching its endgame, after prosecutors summoned the minister to appear in court next month
First National Bank has continued its push to get more of its customers using its app as their primary channel for transacting, payments and banking. In previous years, it slowly dangled the proverbial carrot to incentivise
With SABMiller out of the JSE Top 40, Naspers now accounts for roughly a fifth of the index – a risk for anyone tethering their savings to the index. Naspers trades on a price-earnings multiple of about 100, which is perilously close to
The relatively trivial nature of the charges against finance minister Pravin Gordhan, and the way in which the prosecution has been pursued, leads to the conclusion that this is a trumped up charge. It also suggests that Gordhan
Technology group Pinnacle Holdings has made an offer to buy out minority shareholders in Datacentrix and, if successful, plans to delist the IT services company from the JSE. Pinnacle told shareholders in a notice published on the JSE’s
Altron’s share price leapt higher on Friday on news that the long-troubled JSE-listed technology and industrial group is set to report a swing to profitability in the six months to end-August 2016. Headline earnings per share for total
The Democratic Alliance has filed papers in the Western Cape high court to have former SABC chief operating officer Hlaudi Motsoeneng’s appointment as group executive of corporate affairs declared invalid. In its application, the
The team behind a popular virtual reality arcade at Cape Town’s Victoria & Alfred Waterfront is now planning to bring the concept to Johannesburg. Founder Zach Joubert, an advocate and member of the Cape