Wednesday, September 20, 2017

Van Rooyen gives Western Cape R74m anti-drought war chest

By Khulekani Magubane Minister of Cooperative Governance and Traditional Affairs Des Van Rooyen has announced an allocation of more than R74 million in drought relief to...

Treasury paints bleak picture of debt repayment amongst councils

By Khulekani Magubane National Treasury has painted a bleak picture of municipal finances and their long-term sustainability in its preliminary report on local government revenue and...

Local Yokel campaign benefitting city

AS THE only regional ‘shop local’ campaign in South Africa, Megan Devan’s Local Yokel is making waves in East London. Now in its third year,...

Uber’s new payment system lets drivers reject cash trips

By Bafana Nzimande Uber SA has introduced a new payment system meant to increase driver safety. The cash indicator feature allows operators to choose if they want...

OR Tambo airport braces for SAA strike

OR Tambo International Airport is set to be hit by a strike on Friday‚ but management cannot say how bad the effects will be. Staff...

Loyalty cards surge as hard times bite

By Wendy Knowler People are going mad for loyalty programmes whose cash-back and discount benefits are helping to reduce the sting of hard times. Data show...

Millions bled from SA economy

Exchange control: Reserve Bank frustrated at lack of prosecutions of those responsible for 'obscene' amounts of money leaving SA illegally BY LINDA ENSOR The National Prosecuting...

Bad news for house prices

Homeowners should not be too hasty to sell just yet. Seven months into 2017‚ it was becoming increasingly likely that this year would be the...

362 people want to be on SABC board

Hundreds of South Africans have shown interest in becoming full-time board members of the SABC. Parliament will start the process of short-listing the 362 applications...

‘Spaceship’ anchors in Algoa Bay

By GARETH WILSON A massive Chinese ship anchored in Algoa Bay has caused a stir in Port Elizabeth, with some residents comparing the vessel to...

South Africa’s Pick n Pay cuts 3,500 jobs, warns on H1

Pick n Pay has cut 10% of its staff, eliminating approximately 3,500 jobs, the South African grocer said on Monday, as the country grapples...

Ceremony honours women of power

Fearless and resilient businesswomen who have made an impact on their communities and on the economy of the Eastern Cape were celebrated at the...

Support for Knysna businesses

CAPE Town-based company Retail Capital is stepping up to aid small business owners in Knysna. The fire has left many businesses damaged and struggling. After a...

Bhisho probes R2m software contract

The information communication technology (ICT) manager in the office of the premier is under investigation for allegedly authorising a payment of almost R2-million for...

City of Cape Town suing energy minister

The City of Cape Town has taken Energy Minister Mmamoloko Kubayi to court to force her to give it permission to buy renewable energy. This...

Save SA: How Mzansi is cutting back to survive the recession

Whether it’s eating out less‚ homemade pet food‚ cancelling gym memberships or avoiding parking tickets‚ South Africans are cutting costs to survive the economic...

Bank of Baroda to shut Guptas’ accounts

Complicating the closure of the Gupta accounts by Baroda is the extent of the loans it has made to the family The Bank of Baroda...

Where did Eskom’s R1 trillion go?

Eskom wants consumers to cough up more for electricity‚ but a lobby group has raised questions about how the power utility has spent hundreds...

First casualty of GM move

Coega Autospray has become the first casualty of General Motors SA’s (GMSA) decision to leave South Africa after the Port Elizabeth High Court granted...

Mdantsane airwaves silent in strike action

Mdantsane FM presenters, news readers and producers downed tools yesterday over allegations of mismanagement of funds. This forced thousands of loyal listeners to tune to...

Panel vows ‘no escape’ for state capture accused

Top guns at Eskom and members of the Gupta family may be forced to face committee Members of the portfolio committee on public enterprises say...

Pakati back on a positive note from trip to China

China and Buffalo City Metro discussed the possibility of manufacturing clothing in the metro for China’s African market, said mayor Xola Pakati when he...

Here’s how the taxman will come after South African expats

If you have a good job overseas‚ living in a country where the tax rate is 25%‚ but your salary falls into South Africa's...

On the spot: Eskom’s top three drop Gupta bombshells

Stunning reversals, a shocking confession and elaborate justifications were among the responses from the chairman, the acting CE and the finance head, write Carol...

Consumer regulator goes after third retailer charging ‘illegal’ club fee

TFG (The Foschini Group) is the latest national retailer to be referred to the National Consumer Tribunal for charging account holders a club fee...

ANC gives government six months to establish state bank

ANC delegates have given the government an ultimatum to ensure that a state bank is up and running within six months. This comes a week...

Registration of KPMG auditors’ at risk over Gupta audit

KPMG auditors responsible for the audit of Gupta-owned Linkway Trading risk losing their designation as registered auditors if an investigation by the profession’s regulator...

Gold jobs on the line

AngloGold says its ageing mines are caught in trap of diminishing returns AngloGold Ashanti could cut up to 8500 jobs at its unprofitable South African...

ORT named top irregular spender in SA

Scandal-prone OR Tambo district municipality was yesterday named by Auditor-General Kimi Makwetu as the biggest culprit of irregular expenditure in the country, with R1.569-million...

14 municipalities lose clean audit status

The expenditure budget for local government in 2015-16 was R378 billion but municipalities with clean audit opinions represent only 19% (R70‚9 billion) of this...

Malema wants rent-free space for spaza shops in township malls

Township spaza shop owners should either be given shares or space in township malls that are bankrupting them‚ says Economic Freedom Fighters leader Julius...

Public Protector sparks the Battle of the Bank

South Africa is bracing for the Battle of the Bank as uncertainty over the Reserve Bank's future threatens the country's economy. After Monday's shock recommendation...

Shoprite to take on Woolies

SA’s leading supermarket group aims up as recession hits lower-end consumers first As South Africa slides into recession, and households have less and less to...

Rand weakens after public protector calls for Bank to ditch currency...

The rand was weaker against major global currencies on Monday afternoon‚ after risk spiked following a call by Public Protector Busisiwe Mkhwebane for a...

Fine balancing act

DYNAMIC, multi-talented businesswoman, mom, athlete and community activist, Bonnie Currin, believes success is gained by finding a balance in all spheres of life. The GO!...

Rotarians hand over R700 000 to charity

‘ We want to express our thanks to the East London community’ SARAH KINGON GATELY ROTARIANS handed over a total of R700000 to a number of...

WALKING THE TALK

 As part of their commitment to building relationships and solving important problems, financial consultancy PwC South Africa supports the Men in the Making programme....