Discovery Bank faces R3 million fine from PA for compliance failures, lack of staff training

Edward West|Published

" Discovery Bank has been fined R3 million by the Prudential Authority for failing to report suspicious transactions and inadequate staff training, highlighting the importance of compliance in the financial sector

Sephaku Holdings reports mixed results amid cautious optimism in construction sector

Edward West|Published

Sephaku Holdings reports a revenue increase amid a challenging construction environment, with CEO Kenneth Capes outlining cautious optimism and strategic expansions ...

South African retailers face cybersecurity storm during peak season

Ashley Lechman|Published

Black Friday, Festive, and Back to School trading periods merged into a three-month peak that placed growing strain on local retailers.

TFG's share buybacks and revenue growth amid declining profits

Edward West|Published

Despite a 5.3% drop in share price and an 18.8% reduction in interim dividend, TFG reports a 12.2% revenue increase, driven by strong online sales and strategic ...

Why offshore diversification is essential for SA investors

Adriaan Pask|Published

South African investors face unique challenges in today's volatile market. PSG Wealth's CIO Adriaan Pask explains why offshore diversification is no longer optional ...

Sars takes decisive action against tax defaulters

Jashwin Baijoo|Published

Sars demonstrates its strengthened enforcement powers with the provisional sequestration of a company director owing R155 million in taxes. This case highlights ...

Assmang to place Beeshoek Mine under care and maintenance, 622 jobs affected

Siphelele Dludla|Published

Assmang announces the closure of its Beeshoek Iron Ore Mine, affecting 622 workers, as it struggles with declining operations and high costs. The decision follows ...

Standard Bank's alleged exploitation of the Public Investment Corporation

Manyane Manyane|Published

United Democratic Movement (UDM) leader General Bantu Holomisa recently raised concerns about commercial banks. He accused them of structuring self-serving deals ...

Lesaka Technologies reports 61% increase in first quarter EBITDA

Edward West|Published

Lesaka Technologies reports a remarkable 90% increase in adjusted EBITDA for Q1, despite a net loss. The company showcases strong growth with a 45% rise in net revenue, ...

Vodacom revises earnings forecast downwards following Please Call Me settlement

Edward West|Published

Vodacom has lowered its earnings forecast by 17% following a settlement in the long-standing Please Call Me court case, impacting its financial outlook for the upcoming ...

5 insurance myths costing South Africans

Ryno de Kock|Published

Insurance expert Ryno de Kock reveals the five most dangerous insurance myths that could be leaving South African businesses and consumers vulnerable. From small ...

Just Share urges investors to oppose Sasol's climate resolution at AGM

Edward West|Published

Just Share recommends that investors vote against Sasol's climate resolution at the upcoming AGM, citing concerns over the company's emissions roadmap and its reliance ...

How financial stress syndrome impacts South African health

Published

South African seniors are being urged to stay vigilant this festive season, as fraudsters ramp up their efforts to exploit vulnerable citizens during high-spend ...

New index reveals how money stress is crippling South African households

Gary Kayle and Hayley Parry|Published

The newly released 2025 Cumulate Financial Resilience Index – identifying Financial Stress Syndrome as a defining feature of South Africa’s financial health landscape. ...

Sappi optimistic about 2026 despite 2025 loss

Edward West|Published

Sappi's share price increased by over 9% following a positive forecast for 2026, despite a loss reported for 2025. CEO Steve Binnie outlines strategies for debt ...

Cell C aims for R7.7 billion JSE listing to enhance growth and transparency

Edward West|Published

Cell C is set to raise R7.7 billion through a listing on the JSE, marking a pivotal moment in its restructuring journey. The listing aims to enhance the company's ...

The JSE rally broadens in October as precious metal miners lose momentum - Anchor Capital

Peter Little|Published

In October, the JSE continued its impressive run, with the FTSE/JSE Capped SWIX Index rising 1.8% month-on-month, while precious metal miners struggled, marking ...

Pick n Pay expands in Botswana with launch of first 24-hour 'Go Store'

Ashley Lechman|Published

A new partnership between Vivo Energy Botswana and Pick n Pay redefined convenience for motorists with the introduction of 24-hour Pick n Pay Go stores.

Movember warning: 1 in 16 South African men will develop prostate cancer

Friedel Kerchhoff|Published

Sanlam's latest health data reveals a disturbing trend: prostate cancer claims doubled in 2024, now accounting for 41% of all male cancer claims in South Africa. ...

Amazon introduces scheduled delivery time slots for SA shoppers

Ashley Lechman|Published

Amazon South Africa rolled out scheduled delivery time slots, allowing customers to choose when their packages arrived and improving convenience across major cities. ...