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Yesterday β€” May 7th 2021BusinessTech

SARS is coming after these 3 tax streams

May 7th 2021 at 11:01
Along with the rest of the world, South Africans have shown an appetite for cryptocurrencies. While the size of the market remains unclear, Coinmarketcap gives a figure of $210 billion for the global market, and approximately R6.5 billion for the South African market.

Why South African consumers are feeling better about their finances

May 7th 2021 at 10:00
The state of South African consumers’ personal finances continued to improve during the first quarter of 2021 (Q1 2021) on the back of a recovery in the income of especially middle- and higher income groups.

4 changes coming to schools in South Africa

May 7th 2021 at 08:18
The Department of Basic Education (DBE) is planning a number of changes for schools in South Africa, including online applications for certificates and electronic marking.

South Africa to introduce regulations around self-driving cars

May 7th 2021 at 06:54
The Department of Transport says that it plans to introduce new regulations around self-driving cars in South Africa as it expects autonomous vehicles (AVs) to become a reality in the country in the not so distant future.

Upgrades planned for Johannesburg – including a boost for old mining towns and turning Soweto into its own city

May 7th 2021 at 05:23
The City of Johannesburg is working on a number of development projects which are aimed at upgrading and transforming the city and its surroundings, says Tembeka Mhlekwa, executive director for Economic Development in the City of Joburg.

The PIC now owns Deloitte’s R1.7 billion offices in Joburg

May 7th 2021 at 04:24
The Public Investment Corporation (PIC) has concluded a purchase agreement to acquire 100% of the leasehold rights of the R1.7 billion office building in Waterfall currently being let by Deloitte as an anchor tenant.

South Africa’s e-toll saga is finally coming to an end – one way or another

May 7th 2021 at 03:24
Transport minister Fikile Mbalula says that a final decision on the future of Gauteng's controversial e-toll system should be made within the next two weeks.

How South Africa’s new debit order system works

May 7th 2021 at 03:24
The South African Reserve Bank introduced a new order system this week to tighten measures against debit order fraud and abuse.

Ethereum just hit the $3,500 mark – So what’s it doing right?

May 7th 2021 at 03:03
By: Partner
Ether or ETH, the digital cryptocurrency of the Ethereum blockchain, has rocketed to an all-time high of over USD $3 500 this year - a gain of more than 1,200% in just 12-months.

5 important things happening in South Africa today

May 7th 2021 at 02:19
Ramaphosa says South Africa's vaccine programme is ready and will hit targets; Icasa and SAPO take on private delivery services; Outa heads to court to force Sanral to be transparent; and the ANC is heading to a showdown with itself this weekend.

How Cyril Ramaphosa won ANC power play

May 7th 2021 at 02:10
It was a showdown more than three years in the making. Escalating tensions in South Africa’s ruling African National Congress finally came to a head on Wednesday when its secretary-general Ace Magashule was informed by his deputy, Jessie Duarte, that he’d been suspended pending his trial on graft charges.

Investors see long road ahead for corruption crackdown

May 7th 2021 at 01:56
Investors in South African assets need a lot more convincing that the government crackdown on corruption will prove effective.

Mkhize warns of big spike in Covid-19 cases in South Africa – here are new hotspots

May 7th 2021 at 01:47
Health officials have recorded a worrying increase in Covid-19 cases across much of South Africa, says health minister Dr Zweli Mkhize.

Huawei MateBook – Everything you need in a laptop

May 7th 2021 at 00:53
By: Partner
If you’re in the market for an awesome laptop, Huawei offers several great options.
Before yesterdayBusinessTech

South Africa’s updated driving laws are coming 1 July – but there are issues

May 6th 2021 at 10:59
The Road Traffic Infringement Agency (RTIA) says it is considering a number of options for the rollout of the Aarto Amendment Act and the new demerit system from 1 July 2021.

It’s not our fault South Africa had a slow start on vaccines: Ramaphosa

May 6th 2021 at 09:26
President Cyril Ramaphosa says that the country's slow start to its Covid-19 vaccine rollout is the result of several factors outside of the country's hands.

ANC drama means very little for economic reform: analyst

May 6th 2021 at 08:17
While escalating drama between high profile politicians is dominating headlines, it means very little for actual policy changes or reform within the ruling party, says Intellidex analyst Peter Attard Montalto.

Why we can’t really raise taxes in South Africa any more: deputy finance minister

May 6th 2021 at 07:08
It is no secret that South Africa has serious economic challenges, and chief amongst these is that the government is struggling to stabilise public debt, says deputy finance minister David Masondo.

Ramaphosa on why Biden’s new Covid-19 vaccine announcement is important

May 6th 2021 at 06:13
President Cyril Ramaphosa has welcomed the support of the United States’ Biden-Harris Administration for a temporary and targeted waiver of intellectual property protections that apply to Covid-19 vaccines.

South Africa faces three big credit rating reviews in May – here’s what to expect

May 6th 2021 at 05:03
Credit rating agenciesΒ Moody’s Investor Services and S&P Global Ratings are expected to release their rating reviews on 7 May and 21 May respectively, with Nedbank analysts warning that further downgrades from the agencies are likely.

R3.9 billion expansion for Cape Town’s V&A Waterfront

May 6th 2021 at 03:51
Cape Town mayor Dan Plato has approved a R3.9 billion expansion to the V&A Waterfront’s Canal District.

South Africa could get a load shedding β€˜safety net’ – but there are concerns around the deal

May 6th 2021 at 03:46
Eskom, South Africa’s state power utility, doesn’t want to buy electricity from the company that won most of a government emergency-power tender because it’s concerned about the cost and length of the contract, according to two people familiar with the situation.

Here is the letter SARS is sending to wealthy taxpayers in South Africa

May 6th 2021 at 03:23
The South African Revenue Service (SARS) has formally established a high-wealth individuals unit as it aims to improve compliance amongst wealthy South Africans.

Government’s plan to own and control all electronic data in South Africa – a nightmare for privacy

May 6th 2021 at 02:26
The new Draft National Policy on Data and the Cloud raises alarming implications for data privacy and for increasing the costs of doing business, says Jacques Moolman, president of the Cape Chamber of Commerce & Industry.

5 important things happening in South Africa today

May 6th 2021 at 02:13
Ace Magashule is not taking his suspension from the ANC well; Eskom data shows it is struggling to meet power demand as nights get colder; Bhekisis investigates why South Africa isn't producing its own vaccines; and the Please Call Me saga continues, with the inventor demanding R10 billion in compensation from Vodacom.

India’s struggle to track new Covid variants could worsen crisis

May 6th 2021 at 01:24
The good news is that the vaccines work against a new virus strain circulating in India that’s spread to several other countries.

ANC corruption crackdown boosts election prospects

May 6th 2021 at 01:09
South Africa’s ruling party is cracking down on leaders implicated in corruption, a move that may help it woo back disgruntled voters and reclaim control of several key cities in local government elections in October.

South Africa to get a new driver’s licence that works through your mobile phone

May 5th 2021 at 11:01
The Driving Licence Card Account (DLCA) says it is making significant upgrades to its systems in preparation for the introduction of the country's first electronic driver's licence.

Joburg to give 50% debt write-off to qualifying ratepayers

May 5th 2021 at 10:02
City of Johannesburg mayor Geoff Makhubo says that the city will offer siginifcant debt write-offs to qualifying ratepayers through its debt rehabilitation programme.

Eskom says it can’t afford worker wage demands

May 5th 2021 at 09:35
Eskom said the South African state utility is unable to agree to certain union demands over wage increases and declined to make an offer on basic salary until labour groups respond.

Business chamber warns of water crisis in Nelson Mandela Bay

May 5th 2021 at 09:05
The Nelson Mandela Bay Business Chamber has raised red flags around the water shortage in the metro.

Government-backed startup to offer uncapped internet from R89 a month

May 5th 2021 at 08:38
The Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation says it is funding a Gauteng-based start-up called FibrePoynt to help provide cheap internet to South AFricans.

SARS targets first group of wealthy taxpayers – what you should know

May 5th 2021 at 07:32
SARS’ high wealth individual taxpayers unit is up and running and as promised, the revenue collector has sent out the first batch of 'welcome letters' to those who meet the criteria to form part of this elite club.

Two new universities for South Africa – planning starts this year

May 5th 2021 at 07:13
The Department of Higher Education and Training says that it will begin planning on the formation of two new university for South Africa this year.

South Africa on high alert over new Covid-19 variants: Mkhize

May 5th 2021 at 06:20
Health minister Dr Zweli Mkhize has raised concerns around the importation of Covid-19 variants into the country, which could lead to a spike in cases.

A look at the new Nissan Navara made in South Africa – pricing and details

May 5th 2021 at 05:53
Nissan has opened orders for its new South Africa-made Navara bakkie, set to roll off the production line at Nissan’s Rosslyn plant next month.

Massive wind farm comes online in the Eastern Cape – with power for up to 120,000 households a year

May 5th 2021 at 05:18
BioTherm Energy has announced the completion of its Golden Valley wind energy facility in the Eastern Cape.

Introducing Bordeaux – The ultimate Stellenbosch co-living space for students

May 5th 2021 at 04:57
By: Partner
In Stellenbosch, the redevelopment of CampusKey’s Bordeaux building offers everything a student needs to learn, collaborate, work, and thrive.

You can now make instant restaurant bookings through Google in South Africa

May 5th 2021 at 04:13
South African software company Dineplan has signed n agreement with Google which will allow users to make instant bookings at restaurants directly from Google Search, Maps or Assistant.

Government still doesn’t have an answer to e-tolls

May 5th 2021 at 03:40
The Department of Transport says that it still does not have not a definite solution on the future of e-tolls, as the system continues to hinder the country's transport sector.

Regulator to tackle β€˜undesirable’ medical aid co-payments in South Africa

May 5th 2021 at 03:40
The Council for Medical Schemes (CMS) has flagged co-payments as an 'undesirable practice' and plans to further introduce regulations in the coming months to further curb the practice.

When you can expect South Africa’s new marriage laws to be introduced

May 5th 2021 at 02:36
The Department of Home Affairs has published its green paper on marriages for public comment, with the goal of submitting an official bill by parliament by 2024.

5 important things happening in South Africa today

May 5th 2021 at 02:06
Rand Water says water services won't be disrupted by strike action - unions threaten just 'wait and see'; the ANC moves to push members charged with corruption out, but they're handing on with everything they've got; Council for Medical Schemes want to change co-payments; and SAA's subsidiaries finally get a piece of government's bailout.

MTN reveals average mobile data usage in South Africa as it reports strong growth

May 5th 2021 at 01:49
Mobile operator MTN Group on Wednesday (5 May) reported strong growth in first quarter 2021, with service revenue exceeding its medium-term guidance, driven by gains in data and fintech revenue.

Government pushes ahead with plans to launch a new state bank

May 5th 2021 at 01:37
The National Treasury says that it will move forward on its plans to introduce a new state bank for South Africa.

South Africa’s main budget gap at 11.2% of GDP

May 5th 2021 at 01:13
South Africa’s main budget deficit for the 2020-21 fiscal year is smaller than the government projected after spending that undershot estimates and an upside revenue surprise.

New driver’s licence to be introduced in South Africa in the next year: Mbalula

May 4th 2021 at 11:05
Transport minister Fikile Mbalula says that the Driving Licence Card Account (DLCA) is currently in the final phase of designing a new driver's licence card.

South Africa prepares for next phase of the NHI – which includes β€˜mandatory pre-payment’

May 4th 2021 at 09:03
The Council for Medical Schemes (CMS) says that government's planned National Health Insurance is in full development, with plans to move to phase three of the programme from next year.

We can’t beat the pandemic if rich countries hog all the vaccines: Ramaphosa

May 4th 2021 at 08:00
While the pandemic has highlighted the value of partnership, it has also demonstrated the damaging effects of unilateral action and unequal access to resources, says President Cyril Ramaphosa.

NPA freezes R1.4 billion in assets of former Eskom executives and associates

May 4th 2021 at 06:58
The Pretoria High Court of South Africa has awarded the National Prosecuting Authority's investigating directorate restraint order valued at R1.4 billion against former Eskom executives and former Tubular Construction Projects contractors.

Sacrifices today means options tomorrow

May 4th 2021 at 06:57
By: Partner
Avishkar Brijmohun, 31, is not sure what retirement will look like when he gets there, but he is working hard now to make sure he has choices then.

Joburg mayor details plan for a new smart city

May 4th 2021 at 06:39
City of Joburg executive mayor Geoffrey Makhubo announced that the city has formally adopted the provincial government's plan to develop a smart city in Lanseria - with a proposal that another smart city be developed in the city's Deep South.

Union says water β€˜won’t be guaranteed’ in parts of South Africa due to strike action

May 4th 2021 at 04:55
The South African Municipal Workers’ Union (SAMWU) says it will embark on indefinite protected strike action at Rand Water from 13 May 2021, which could impact water supply in a number of provinces.

Bolt adds car-sharing service as next expansion path

May 4th 2021 at 04:44
Bolt Technology OU, which competes with Uber Technologies Inc in Europe and Africa, will roll out a new car-sharing project in the Estonian capital, according to founder and chief executive officer Markus Villig.

One of South Africa’s biggest budget problems is getting worse

May 4th 2021 at 04:21
Government spending remains too high for the tax base and this gap has only increased as a result of the 2020 recession.

South Africa sets aside extra R4 billion for Covid-19 vaccines and grants

May 4th 2021 at 03:43
South Africa has allocated an extra R4 billion rand ($276 mln) to buy Covid-19 vaccines and extend a special distress grant to thousands of people hit by the pandemic.

Pension changes for South Africa under the spotlight

May 4th 2021 at 03:05
Parliament's Standing Committee on Finance has invited interested parties to submit written submissions on the Pensions Funds Amendment Bill.

South Africa looking at new lockdown measures around Indian and other Covid variants: Mkhize

May 4th 2021 at 02:48
Health minister Dr Zweli Mkhize says that South Africa is largely isolated from the possible importation of the B.1.617 variant circulating in India, but that the country is investigating further measures to protect itself.

5 important things happening in South Africa today

May 4th 2021 at 02:07
Gauteng sounds alarm bells over spike in Covid-19 infections in certain areas; Outa head questions what Sanral has to hide by 'fobbing' off requests for information; deadlock between unions and government over wage increases has not been settled; and Ramaphosa has reportedly been given support to oust Ace Magashule.

Post Office to block small parcels from being delivered by couriers in South Africa

May 4th 2021 at 01:37
The South African Post Office is heading to court to block courier companies from delivering packages weighing 1kg and less.

Bill and Melinda Gates to divorce with $146 billion at stake

May 4th 2021 at 01:09
Bill and Melinda Gates, who for decades have overseen one of history’s greatest fortunes and philanthropic operations, said they plan to divorce.

The impact of shared value on banking

May 4th 2021 at 00:55
By: Partner
Discovery Bank offers one of the best risk-adjusted savings interest rates in the world among countries that are considered to have the lowest banking risk.

Here’s how much money you need to be considered super rich in South Africa

May 3rd 2021 at 10:49
South Africa has one of the highest rates of income inequality in the world, making it difficult to determine how much money it takes to be considered 'wealthy'.

New case deals with a South African employee who went into work after testing positive with Covid-19

May 3rd 2021 at 10:31
An assistant butcher at national meat supplier Eskort Limited, who defied Covid-19 regulations and went to work even though he had tested positive for the virus, has been dismissed.

Covid-19 third wave warning for South Africa – what to expect

May 3rd 2021 at 09:58
The National Institute for Communicable Diseases (NICD) published its latest Covid-19 modelling report, looking at how the spread of the virus could accelerate in the coming months, bringing about a third wave of infections locally.

South Africa could miss 17 May vaccine deadline due to J&J delay

May 3rd 2021 at 09:53
South Africa said a delivery of 1.1 million Johnson & Johnson coronavirus vaccines has been delayed pending further safety checks, the latest blow to the country’s stop-start inoculation program.

Unanimous support for Winnie Mandela Drive: Joburg mayor

May 3rd 2021 at 08:29
Johannesburg mayor Geoff Makhubo says the city's council has formally agreed to rename William Nicol Drive after struggle icon Winnie Madikizela-Mandela.

European Commission wants end to travel restrictions for vaccinated tourists

May 3rd 2021 at 07:43
The European Commission proposed easing restrictions on business and leisure travel for those who have been fully inoculated against Covid-19, adding to signs of a gradual return to normalcy as vaccinations gather pace.

South Africa has one of the highest business failure rates in the world: analysts

May 3rd 2021 at 07:43
South Africa has one of the highest failure rates for SMMEs, with five out of seven of them failing within the first year, says specialist advisory service Cova Advisory.

Government discussing lockdown changes for schools in South Africa

May 3rd 2021 at 06:10
Learners at government schools officially began their second term on Monday (3 May), with the government also set to hold discussions this week about the further easing of lockdown restrictions in the education sector.

MTN launches AirFibre in South Africa

May 3rd 2021 at 05:05
Telecommunications company MTN will begin its first commercial installation of Supersonic AirFibre on Monday (3 May).

Why you should expect further food price hikes in South Africa

May 3rd 2021 at 04:48
Shoppers in South Africa should expect the trend of rising food prices to continue in the coming months, as rapidly rising agricultural producer price inflation could feed the higher cost of production onto consumers.

Some good news for South Africa’s Covid-19 vaccine rollout

May 3rd 2021 at 03:29
South Africa finally received good news regarding its vaccination rollout, with the first batch of 325,260 Pfizer vaccines arriving in the country overnight.

South Africa’s middle class is running out of money – here’s how many will struggle to survive a financial emergency

May 3rd 2021 at 03:28
The national lockdown revealed that very few South Africans have emergency savings on hand, which is why many struggled to make ends meet when the pandemic struck and had to make do with lower, or a complete a loss of income for a few months.

When game changers unite to create a better South Africa

May 3rd 2021 at 03:23
By: Partner
The new-age, globally backed, startup on the block that’s completely re-inventing insurance and doing everything they can to create a better future for all South Africans, is proud and excited to announce Siya Kolisi & Lungi Ngidi as their brand ambassadors to be a part of the growing OneSpark family facilitated by Roc Nation Sports.

5 important things happening in South Africa today

May 3rd 2021 at 02:13
South Africa has received its first batch of Pfizer vaccines; new report, backed by cabinet, wants to do away with canned hunting; Joburg's pothole problems run deep; and security firms warn of escalating cash-in-transit heists.

Transformation and BEE is broken in South Africa right now: director

May 3rd 2021 at 01:57
The Banking Association of South Africa (BASA) has published its transformation in banking report, datilingΒ  the progress made by banks in transforming the industry and increasing economic inclusiveness and empowerment.

With less than 80 days until PoPIA takes effect, mitigating risk is now an urgent priority

May 3rd 2021 at 00:55
By: Partner
The Protection of Personal Information Act (PoPIA) comes into full effect from 1 July 2021.

The jobs that South Africans are developing new skills for

May 2nd 2021 at 11:28
The Boston Consulting Group (BCG) and CareerJunction have published a joint report detailing how the Covid-19 pandemic has impacted employment in South Africa, with a large number of workers indicating that they would retrain to work in a different field.

New UK immigration option for South Africans

May 2nd 2021 at 11:17
The UK government says that a new post-study work visa will open for applications on 1 July 2021. The Graduate Route visa will allow international students to stay on in the UK for two to three years after successfully completing their studies, according to John Dunn, director of citizenship & immigration at Sable International.

First batch of Pfizer vaccines lands in South Africa on Sunday evening: Mkhize

May 2nd 2021 at 11:02
Health minister Zweli Mkhize says that the first batch of South Africa's Pfizer Covid-19 vaccines is anticipated to arrive in Johannesburg shortly before midnight on Sunday evening (2 May).

Do electric cars depreciate faster than petrol and diesel cars?

May 2nd 2021 at 09:00
Prices of pre-owned electric vehicles (EVs) on AutoTrader show some models losing significant value in the first twelve months after registration. Although this might be bad news for those who bought new, it does give a handful of shrewd buyers the opportunity to buy EVs at much reduced prices.

Emigrating at 55 plus? Here’s what you need to know about tax

May 2nd 2021 at 07:00
If you’re 55 plus and have emigrated or are intending to emigrate, you’ll still have to submit annual returns to the South African Revenue Service (SARS) and pay tax on your worldwide income for the rest of your life.

R1 million invested in these different options a year ago would be worth this much today

May 2nd 2021 at 04:00
After the rand plummeted and blew out to more than R19 to the dollar early last year, there has been a lot of debate around taking more investments offshore and easing restrictions of offshore investing, note Yuvern Dokie, senior technical investment specialist, and John Anderson, executive, investments, products and enablement at Alexander Forbes Investments.

The biggest business news website in South Africa

May 2nd 2021 at 03:21
By: Partner
BusinessTech has once again claimed top spot as the biggest business news website in South Africa.

SABC says it hasn’t run out of money – following claims it failed to pay severance packages

May 2nd 2021 at 01:55
The South African Broadcasting Corporation has come under fire for allegedly failing to pay former employees their severance packages on time.

Why you should get a new quote on your car insurance

May 2nd 2021 at 01:53
By: Partner
If OUTsurance is more expensive than what you’re currently paying - on a like-for-like basis - you can ask them to pay you R500.

Worries over new tax will push wealthy South Africans to emigrate

May 2nd 2021 at 01:00
As many countries attempt to recover from the economic fallout of the Covid-19 pandemic, the introduction of a wealth tax has become an increasingly popular solution to tackle this.

Here’s how much even R200 extra each month can add to your retirement

May 1st 2021 at 11:30
A recent survey by accounting firm Deloitte revealed that 70% of South Africans were spending all their income or more income than they had every month. For the vast majority struggling to make ends meet, ambitious savings goals are often not realistic, says AndrΓ© Wentzel, head: Client Solutions for Recurring Savings at Sanlam Retail Affluent.

What are your rights if you have to cancel your lease when you’re retrenched?

May 1st 2021 at 09:00
There has been a dramatic increase in the number of retrenchments brought on by the economic effects of the Covid-19 pandemic. What are the legal implications if you have to cancel your lease?

8 myths around buying and selling property on auction in South Africa

May 1st 2021 at 07:00
While in general, auctions, including on-line auctions, have for some time been an accepted way of marketing and selling residential property to an ever-growing audience, there are still a number of misconceptions which exist, which have prevented home buyers from embracing what is an attractive and highly beneficial sales channel, says Tania Smit, head of Pam Golding Auctions, which is powered by BidX1.

Here is the official petrol price for May

May 1st 2021 at 05:06
The Department of Energy has published the latest fuel price adjustments for May 2021, showing a slight decrease for both petrol and diesel.

9 areas where South Africa is falling behind the rest of the world

May 1st 2021 at 05:00
Non-profit organisation the Chandler Institute of Governance (CIG) has published its inaugural good government index, measuring the effectiveness of governments in 104 countries globally.

This country is becoming increasingly popular for South Africans

May 1st 2021 at 02:33
If the Covid-19 pandemic has shown us anything, it’s that it is possible for us to work productively from anywhere. Growing numbers of South Africans are taking the opportunity to either emigrate, or at least relocate to a different country, to experience a different lifestyle and explore new opportunities.

New discrimination laws for South Africa could make employers liable for what their workers say or do

May 1st 2021 at 01:00
Draft amendments to the Promotion of Equality and Prevention of Unfair Discrimination Act aim to provide greater protection to people who challenge unfair discrimination or who are victims of hate crimes.

Standard Bank’s new campaign celebrates triumphant South African businesses

May 1st 2021 at 00:59
By: Partner
Small and medium enterprises are the lifeblood of Africa. They play a crucial role in its growth, providing employment, stoking new economies, and connecting the continent to the rest of the world.

Dual citizenship options for South Africans

April 30th 2021 at 11:30
Many South Africans are still looking at obtaining a second passport to improve their work, study and travel options overseas. John Dunn, director of citizenship and immigration at Sable International, explains the important issues and processes involved.

How many people fall for scams in South Africa

April 30th 2021 at 10:30
New data from consumer credit reporting agency Trans Union shows that during desperate financial times, people often resort to desperate means to provide for their families.

New court case will shake-up insurance and policies in South Africa: legal expert

April 30th 2021 at 09:30
A recent decision of the Supreme Court of Appeal will have a material impact on South Africa’s insurers, and will likely them to review their policies, says George Herbst, a specialist insurance law attorney at Barnard Incorporated Attorneys.

Discovery and Dialdirect to help with Joburg pothole backlog

April 30th 2021 at 08:47
The City of Johannesburg, Dialdirect Insurance and Discovery Insure have launched the Pothole Patrol, a partnership aimed at managing the repair of potholes throughout Johannesburg.

The β€˜perfect storm’ has hit South Africa’s home rental market

April 30th 2021 at 08:05
The combination of Covid-19 lockdowns, decade-low interest rates, and a shrinking tenant pool has created a perfect storm for South Africa's rental market.

POPIA compliance is not enough – here’s why

April 30th 2021 at 06:53
By: Partner
CURA Software offers your business the capacity to be compliant across an extensive range of international data security regulations.

Expect a drop in petrol prices next week

April 30th 2021 at 06:24
Fuel prices have made a turnaround from last month, with across-the-board price reductions in all fuel types expected when the Department of Mineral Resources and Energy announces adjustments for May.

Grace period for expired licences and discs has not been extended: minister

April 30th 2021 at 06:00
Transport minister Fikile Mbalula has raised concerns about the number of drivers on South Africa's roads without valid licence discs or driving licences, saying that no further extensions will be given to the Covid-19 grace periods already delivered.

FNB eWallet hugely popular with R28 billion sent in 12 months via 7.3 million active eWallets

April 30th 2021 at 04:55
By: Partner
In the midst of a global pandemic which has put strain on household incomes, FNB eWallet remains the most popular way for consumers to send and receive money.

Eskom warns of electricity supply problems if wage negotiations go south

April 30th 2021 at 04:54
Embattled power utility Eskom says it will commence its regular wage talks with the company’s recognised labour representative unions starting on 4 May 2021.

Hijackings in South Africa – police will focus on these major hotspot areas

April 30th 2021 at 04:51
Police minister Bheki Cele has outlined his department's strategy to tackle South Africa's growing hijacking problem and specific hotspot areas.

Schools and other government buildings in South Africa to be solar powered: minister

April 30th 2021 at 03:33
Mineral Resources and Energy minister Gwede Mantashe says that his department is working with the Department of Public Works to integrate renewable energy sources into government buildings.

See and be seen with the awesome Galaxy A32

April 30th 2021 at 02:55
By: Partner
Here’s what you get when you choose the Samsung Galaxy A Range device - powerful camera, stylish design, gorgeous display, massive storage and longer battery life.

Ramaphosa signs new law in fight against corruption

April 30th 2021 at 02:37
President Cyril Ramaphosa has signed the Auditing Profession Amendment Act into law, with the legislation expected to be a critical tool in the fight against state and corporate capture and corruption.

5 important things happening in South Africa today

April 30th 2021 at 01:56
South Africa's municipalities need R51 billion to avoid collapse, report says; Magashule's deadline to step aside has passed; allegations of corruption in emergency power supply bidding; and Ramaphosa toes the ANC party line at the state capture commission.

Government considering new lockdown rules for South Africa ahead of third wave

April 30th 2021 at 01:24
The resurgence of the Covid-19 pandemic in India has prompted the South African government to consider introducing additional measures in order to stave off a third wave.

Twitter revenue forecast disappoints

April 30th 2021 at 01:17
Twitter Inc posted a sluggish start to the year in its advertising business and gave a disappointing revenue forecast, a sign the social media service hasn’t fully capitalized on the digital advertising boom amid the pandemic like companies such as Facebook Inc and Google.

Three employee benefits your employer may provide – and which you should really use

April 30th 2021 at 00:57
By: Partner
Your benefits package from Alexander Forbes is not limited to the workplace, as it provides holistic financial and health support for you and your entire family.

How South Africa’s richest 1% make their money

April 29th 2021 at 11:00
Wealth-X has published its wealth report for 2021, detailing how the world's richest people make their money.

Audi sees electric cars occupying half the global premium market by 2030

April 29th 2021 at 10:34
Audi expects combustion engines to cede about half of the global premium-car market to electric variants by the end of this decade, highlighting the dramatic erosion of their dominance as the shift accelerates toward battery power.

South Africans are cashing in their savings and investments to make ends meet

April 29th 2021 at 10:02
South Africans under pressure as a result of the Covid-19 lockdown are making hasty financial decisions that could have worrying long term effects, data from Momentum Investments shows.

Digital Generation focused on removing plastic from packaging and tape

April 29th 2021 at 08:57
By: Partner
Leading ICT lifecycle management company Digital Generation is working towards removing all plastic from its packaging.

3 scenarios for jobs in South Africa – a bleak picture for Covid recovery

April 29th 2021 at 08:32
Professional services firm PwC has published a new jobs report for South Africa. outlining three possible scenarios for the country's employment market.

SAA Technical to cut jobs – 1,200 employees expected to go

April 29th 2021 at 08:13
South African Airways’ plane-maintenance division is cutting jobs to help navigate the crisis that’s gripped the air-travel industry throughout the coronavirus pandemic.

Standard Bank in partnership with City of Tshwane empowering the entrepreneurs of tomorrow

April 29th 2021 at 06:56
By: Partner
Standard Bank in collaboration with the City of Tshwane, launched the Tshwane Idea Validation Bootcamp, which was focused on giving entrepreneurs the opportunity to make their businesses a success through receiving expert training on how to run a business.

Food price hikes in South Africa in April – here’s what you’re paying more for

April 29th 2021 at 06:44
The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows that food prices climbed sharply in April, following a slight decline in March.

Discovery Insure expanding its model globally

April 29th 2021 at 04:57
By: Partner
Discovery Insure has become a dominant force in the South African market, and it is now expanding its horizons to the rest of the world.

Treasury asked to extend R350 Covid relief grant: report

April 29th 2021 at 04:23
Social Development minister Lindiwe Zulu has asked Treasury for funding to extend South Africa's R350 Covid-19 Social Relief of Distress (SRD)Β grant, EWN reports.

Why South African businesses should prioritise youth skills development

April 29th 2021 at 03:02
By: Partner
Atvance Academy is an education institution which is dedicated to improving the lives of unemployed young South Africans through SETA accredited training.

Proposed changes for how petrol prices are calculated in South Africa

April 29th 2021 at 02:44
Parliament's Portfolio Committee on Mineral Resources and Energy held a series of meetings in April to discuss South Africa's basic fuel price.

Samsung profit tops analyst estimates

April 29th 2021 at 02:20
Samsung Electronics Co beat analyst estimates for profit in the first quarter, but warned of continued fallout from semiconductor shortages as the global economy recovers from the Covid-19 pandemic.

5 important things happening in South Africa today

April 29th 2021 at 02:18
Ramaphosa dances around cadre deployment and factionalism at the State Capture Commission; South Africa's vaccine rollout restarts, but needs to pick up the pace quickly; unions vs government in wage negotiation deadlock; and Gauteng's government knew of hospitals needing urgent repairs and did little to nothing about it.

New foreign worker rules to be announced for South Africa soon: minister

April 29th 2021 at 01:33
Employment and Labour minister Thulas Nxesi says that his department is currently working on the labour migration policy which will be tabled in cabinet soon.

How cryptocurrency arbitrage makes OVEX users up to R250,000 a year in profit

April 29th 2021 at 01:05
By: Partner
OVEX trades around R4 billion per month on its OTC desk and thousands of its clients enjoy risk free profits from the OVEX arbitrage service.

Mango resumes flights as feud with South Africa Airports reveals deteriorating financial position

April 28th 2021 at 11:00
Mango Airlines, the low cost arm of state-owned South African Airways, was cleared to resume flying after resolving a dispute with the country’s airports operator over non-payment of fees.

South African consumers are struggling to pay their bills

April 28th 2021 at 11:00
The latest findings from the research Consumer Pulse Report by TransUnion shows the financial impact of the Covid-19 crisis on South African consumers has dropped drastically by 20 percentage points to 62%.

South Africa’s real GDP stopped growing 14 years ago: Mboweni

April 28th 2021 at 09:01
While South Africa's economy is seeing a rebound post-Covid-19 lockdown it is lagging behind other comparable countries, says Finance minister Tito Mboweni.

South Africa to use Russian and Chinese Covid-19 vaccines

April 28th 2021 at 07:48
South Africa plans to buy Russia’s Sputnik V vaccines and shots developed by China’s Sinopharm Group as it steps up efforts to tackle the coronavirus.

The businesses hardest-hit by liquidations in South Africa

April 28th 2021 at 07:11
Statistics South Africa has published its latest report on liquidations and insolvencies, with the data showing a steep annual increase in liquidations across the country.

Huawei sales slump as sanctions hit phone business

April 28th 2021 at 05:47
Huawei Technologies Co’s revenue shrank for a second straight quarter after US sanctions devastated the embattled Chinese tech giant’s smartphone business.

The average take home pay in South Africa right now

April 28th 2021 at 05:37
The average monthly take-home pay in South Africa decreased in March, the latest BankservAfrica Take-home Pay Index shows, but is slightly higher than the same time last year.

South Africa’s new debit order system in full effect from May

April 28th 2021 at 04:43
The South African Reserve Bank (SARB) says it will implement the AC/DebiCheck payment system from 1 May as part of its modernisation efforts.

Government’s R4 billion bus project is still not finished – more than a decade later

April 28th 2021 at 03:55
Transport minister Fikile Mbalula says that the government has allocated nearly R4 billion to the Rustenburg Rapid Transport (RRT) over the last 10 years, but that more time and funding is needed before the project is 'finished'.

Mango flight booking warning

April 28th 2021 at 03:01
State-owned domestic airline Mango is facing financial uncertainty, raising questions about how much longer it can stay in the air.

Multi-franchise offices – How cloud-hosted business phone solutions can maximise business efficiency

April 28th 2021 at 02:54
By: Partner
For businesses and franchises with multiple sites, it’s vital that all branches and mobile workers stay connected so they are able to communicate and collaborate without any delays or hitches in workflow or processes.

Travel restrictions hit South Africa as parts of the world begin to open up

April 28th 2021 at 02:29
As the world looks to resume international travel again, South Africa is facing increased restrictions due to concerns around the country's 501Y.V2 variant of Covid-19.

Absa launches QR payments

April 28th 2021 at 02:06
Absa has launched QR payments as part of a growing push to reduce physical transactions.

5 important things happening in South Africa today

April 28th 2021 at 02:03
South Africa's vaccine rollout expected to restart today; Health minister highlights cluster outbreaks of Covid-19 in three provinces; Afriforum and Solidarity interdict 'race based' tourism relief fund; and Gigaba's estranged wife spills the beans on his Gupta ties at the state capture commission.

Microsoft sales jump on cloud

April 28th 2021 at 01:06
Microsoft Corp reported quarterly sales and profit that topped analysts’ estimates for a ninth straight quarter, lifted by booming cloud-computing demand. This time, investors weren’t satisfied.

Why cryptocurrency arbitrage is taking the industry by storm

April 28th 2021 at 00:52
By: Partner
OVEX simplifies the cryptocurrency arbitrage process allowing you to make up to 4% per week by providing an intuitive interface and platform where it does the heavy lifting.

New rules for complexes and estates in South Africa from July – with fines of up to R10 million

April 27th 2021 at 11:00
Community housing schemes have until 30 June 2021 to ensure complete compliance with the Protection of Personal Information (POPI) Act, warn property experts.

Ranking the 13 best universities in South Africa

April 27th 2021 at 09:00
Thirteen universities from South Africa feature in the 2021-2022 list of the top 2000 universities compiled by the Centre for World University Rankings (CWUR).

Expropriation of land without compensation in South Africa – where are we?

April 27th 2021 at 07:00
On 13 December 2019, the Constitution Eighteenth Amendment Bill (the Amendment Bill) was published in the Government Gazette. Since then, a lot of water has passed under the bridge with regards to an amendment to the laws of the Republic of South Africa dealing with the expropriation of land without compensation.

Why offshore investments continue to be an attractive option

April 27th 2021 at 05:00
In the current investment environment offshore investments are an enticing option, says Stephen Katzenellenbogen, private wealth manager at NFB Private Wealth Management.

Great Samsung Galaxy smartphone deals from Edgars

April 27th 2021 at 02:48
By: Partner
If you’re in the market for a smartphone with great features that doesn’t break the bank, Samsung and Edgars have you covered.

UK sanctions Gupta brothers over South African corruption

April 27th 2021 at 02:32
UK foreign secretary Dominic Raab will impose sanctions against three Gupta brothers who were previously accused of being in a corrupt relationship with former South African President Jacob Zuma.

Homes in these Gauteng suburbs are being bought for under R1 million

April 27th 2021 at 02:30
Real estate agency Seeff says it has seen an increase in sales in mid-priced suburbs as buyers are looking to invest in their first home, while upwardly mobile buyers are looking to upgrade.

HP Colour LaserJet Printer – big performance in a small package

April 27th 2021 at 02:13
By: Partner
The HP Colour LaserJet E47528f printer offers tremendous value to South African businesses.

How to tell if your smartphone is spying on you

April 27th 2021 at 01:00
Virtual private network service provider NordVPN has published a new study showing a 5% increase in the installation of monitoring apps over the last year.

Cape Town proposes new rule for pets – what you should know

April 26th 2021 at 10:40
The City of Cape Town has asked for public comment on its Animal Keeping Policy, which includes updated rules around pet ownership.

Government is asking South Africans for help with one of its biggest problems

April 26th 2021 at 08:25
Public Service and Administration minister Senzo Mchunu is calling for the citizens of South Africa to come forward with proposals that might assist in resolving the deadlock between the government and organised labour over the current public service wage negotiations.

Vodafone and MTN bid for telecom licenses in Ethiopia

April 26th 2021 at 07:51
MTN and a consortium led by Vodafone have bid for telecommunications licenses in Ethiopia, as wireless service providers look to tap the last remaining large market in the world.

Hawks investigating claims that R41 quadrillion was stolen in South Africa

April 26th 2021 at 06:51
The Hawks specialised crime unit says that it is officially investigating two cases of theft which total R41 quadrillion.

Lawyers score big from South Africa’s road accident fund – here’s how much money they are making

April 26th 2021 at 06:50
The Road Accident Fund (RAF) says that a part of its recent financial problems can be laid at the feet of unscrupulous lawyers who are making millions of rands from accidents in the country.

Momentum Metropolitan delivers on empowerment promise for all permanent SA-based employees

April 26th 2021 at 06:50
By: Partner
On Thursday (22 April 2021), Momentum Metropolitan Holdings delivered on its proposed Employee Ownership Share Plan (ESOP) empowering over 13,000 employees from an allocation of over 44.9 million shares.

Ratings agency sends load shedding warning to South Africa

April 26th 2021 at 05:22
Credit ratings agency Fitch ratings says that Eskom's load shedding is likely to continue for the near future, despite recent procurement initiatives it has introduced.

Here’s how to turn your side hustle into a thriving business

April 26th 2021 at 04:56
By: Partner
You need to develop a business structure and equip yourself with the right software.

FedEx launches high-tech delivery facility in Johannesburg

April 26th 2021 at 04:44
Transportation company FedEx Express, a subsidiary of FedEx, has launched its new state-of-the-art facility in Johannesburg, near the OR Tambo International Airport.

New energy rules for South Africa will help businesses and households move off Eskom’s grid

April 26th 2021 at 04:42
Mineral Resources and Energy minister Gwede Mantashe has published new embedded generation regulations for public comment, in a move that is expected to help limit the impact of load shedding.

Public sector strike – what happens next

April 26th 2021 at 03:34
Public sector unions have told their members to start preparing for industrial action, following a breakdown in wage negotiations with government - however, much still needs to be done before workers can head to the streets.

Climate change is hurting South Africa’s economy: Ramaphosa

April 26th 2021 at 03:12
President Cyril Ramaphosa says that tackling climate change is a national priority for South Africa, even as it continues to fight the Covid-19 pandemic.

Cryptocurrency platform OVEX raises over R60 Million from International Crypto Exchange FTX

April 26th 2021 at 02:50
By: Partner
OVEX has changed the game for many investors by offering institutional grade cryptocurrency services and making the cryptocurrency arbitrage process quick and simple for South Africans.

South Africa’s β€˜expanded’ Covid vaccine rollout resumes this week

April 26th 2021 at 02:13
Health minister Dr Zweli Mkhize says that South Africa will resume its Covid-19 vaccination programme from Wednesday (28 April), following recommendations from Cabinet and the South African Health Products Regulatory Authority (SAHPRA).

5 important things happening in South Africa today

April 26th 2021 at 02:00
South Africa's vaccine rollout set to resume this week; investigation reveals severe wastewater problems in the country; government faces heavy criticism for bringing in Cuban engineers amid local unemployment; and the RAF CEO shows why the fund is on the brink of collapse.

Mango faces grounding this week as it’s hit by financial crunch: report

April 26th 2021 at 01:26
State-owned domestic airline Mango says that it cannot pay staff salaries, raising questions about how much longer it can stay in the air.

Cloud-driven transformation

April 26th 2021 at 00:50
By: Partner
Covid-19 has highlighted the urgency for digital transformation. It has forced organisations to rethink their business strategies to confront the future and remain sustainable and competitive.

30 in-demand jobs in South Africa – and the post-Covid skills companies are looking for

April 25th 2021 at 11:00
Professional recruitment group Michael Page published a report on the prevailing hiring trends for 2021, showing which professional jobs and skills are in high demand across various sectors.

More desperate South Africans are β€˜tweaking the truth’ on loan applications

April 25th 2021 at 10:00
South Africa recorded many instances of consumers being granted loans that they could not afford to repay, prior to legislation tackling 'reckless lending'.

Resigned or dismissed? Know the difference when it comes to your rights

April 25th 2021 at 08:00
The employment relationship involves two parties - the employer and the employee - and accordingly there are three possible ways in which this relationship can end, or terminate, says Bradley Workman-Davies, director at Werksmans Attorneys.

Shock findings on digital fraud in South Africa – and the one scam you should avoid

April 25th 2021 at 06:00
New global research by TransUnion shows that online fraud increased exponentially in South Africa since the Covid-19 pandemic began compared to March 2020 to March 2021.

BusinessTech – A safe and trusted platform for online advertising

April 25th 2021 at 05:40
By: Partner
Placing your company’s brand online can be a scary prospect.

SARS targets South Africans with money overseas – what to expect

April 25th 2021 at 04:00
South African Revenue Service (SARS) commissioner Edward Kieswetter recently announced that the tax collector will focus on an estimated R400 billion stashed in accounts overseas.

Massive public sector strike to go ahead: report

April 25th 2021 at 01:11
Public service unions will move ahead with planned strike action in the coming weeks, following a deadlock in wage negotiations with government.

When not paying your TV licence can damage your credit record

April 25th 2021 at 01:00
Continuing to refuse to pay your TV licence could eventually damage your credit record, according to Stefanie Fick, executive director of the accountability division at the Organisation Undoing Tax Abuse (OUTA).

How much it costs to buy a 5-bedroom estate home in Italy, US, and New Zealand vs South Africa

April 24th 2021 at 11:30
New World Wealth has published its list of the top lifestyle estates around the world, with three South African developments featuring on the list.

Here’s how many South Africans are buying electric cars

April 24th 2021 at 09:00
A study conducted by the IAA's Munich Mobility Show highlights a large disparity in the buying cars of electric vehicles around the world, with wealthier countries such as the US and China dwarfing the cars bought in emerging markets.

3 ways to make tax compliance easier for small business owners in South Africa

April 24th 2021 at 07:00
Many small business owners have their hands full with tax-related paperwork. If you’re one of them, the admin probably ranks low on the list of your favourite things to do, says Yolandi Esterhuizen, registered tax practitioner and director at Sage Africa & Middle East. However, filing accurate tax returns and meeting SARS deadlines is one of the most important responsibilities you face.

Is local still lekker for investing in South Africa?

April 24th 2021 at 05:00
It is hard to imagine that only a year ago, markets hit rock bottom and investors were worried about how the rest of 2020 would pan out, says Debra Slabber, portfolio specialist at Morningstar Investment Management South Africa.

Ponzi schemes and investment scams – what to look out for so you don’t fall victim

April 24th 2021 at 02:28
Just pause to consider the following headline run in the venerable Financial Times in November 2020: β€œInvestors lose Β£657 million to fraud." That’s just in the 12 months to September 2020, up 28% from the year before.

Why you should get a new quote on your car insurance

April 24th 2021 at 01:31
By: Partner
If OUTsurance is more expensive than what you’re currently paying - on a like-for-like basis - you can ask them to pay you R500.

Properties in this seaside town in South Africa are seeing demand from β€˜out-of-towners’

April 24th 2021 at 01:00
Residential property prices in Mossel Bay, on the Cape south coast have been rising steadily over the past decade. Values across freehold, estates and sectional title all rose in 2020, despite Covid-19’s negative economic impact.

SARS is keeping tabs on South Africa’s brain drain

April 23rd 2021 at 11:30
South Africa has experienced a large brain drain over the past few years with many skilled South Africans emigrating. However leaving South Africa doesn’t mean you can forget your relationship with the South African Revenue Service (SARS), says Tax Consulting South Africa.

This company is giving all its employees in South Africa 24 weeks of paid parental leave

April 23rd 2021 at 10:10
The β€˜Family Bond’ policy will give all employees with at least one year’s service a total of 24 weeks (six months) of leave at 80% of their base pay by default.

These are the 10 best online MBAs right now

April 23rd 2021 at 09:20
Global higher and business education analyst, QS Quacquarelli Symonds, has published its rankings of the world’s best online MBA programmes.

R1.5 billion highway upgrade planned for South Africa

April 23rd 2021 at 07:24
Transport minister Fikile Mbalula says that the N4 Toll Route will see R1.5 billion in major upgrades over the next few years, including lane-widening and new interchanges.

New lockdown rules for schools in South Africa

April 23rd 2021 at 06:30
Basic Education minister Angie Motshekga gazetted updated lockdown regulations for South African schools, further relaxing the rules around sports and extra-mural activities.

Price hikes to hit South Africa in next 3 months: economists

April 23rd 2021 at 05:17
Statistics South Africa has published its Consumer Price Index (CPI) for March 2021, with annual headline inflation increasing slightly to 3.2% in March from 2.9% in February.

South Africa to use private companies to bring in and distribute Covid-19 vaccines

April 23rd 2021 at 03:44
South Africa has for the first time contracted private companies to help with importation and distribution of Covid-19 vaccines as it seeks to step up vaccination nationwide.

Home loan data shows β€˜astonishing’ shift in South Africa’s property market

April 23rd 2021 at 03:35
Home loan comparison service Ooba has published its statistics for Q1 2021, showing a significant rebound in the residential property sector after a year dominated by the Covid-19 pandemic and the ensuing economic fallout.

How Discovery will roll out Covid-19 vaccines for its members in South Africa

April 23rd 2021 at 02:53
The Discovery Health Medical Scheme has outlined Covid-19 vaccination plans, as it begins preparations for phase 2 of South Africa's Covid-19 rollout.

South Africa has no money for wage hikes: minister

April 23rd 2021 at 02:11
Public Service and Administration minister Senzo Mchunu says that the government has effectively run out of options when it comes to wage hikes, as the country faces worsening financial problems which will push it towards a fiscal cliff.

5 important things happening in South Africa today

April 23rd 2021 at 01:57
Unions are gearing up for a long battle against government over wages; the SA tourism industry wants to know why the US has labelled it a no-go area; Tokyo Sexwale doubles down on his claims that billions have been looted from a 'heritage fund'; and New SAA's interim CEO wants operations to start next month, with commercial flights in July.

Reimagining the workspace after Covid-19

April 23rd 2021 at 00:47
By: Partner
The pandemic has shaped some new workplace realitiesβ€”a growing number of companies are rethinking how they work and for many, the remote working trend is here to stay. Learn how remote work solutions can keep employees connected and productive without compromising on security and control.
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