RAIM condemns SA banks for 'racially biased' account closures

Staff Reporter|Published 4 hours ago

The Resistance Against Impunity Movement (RAIM) has condemned South African banks for allegedly targeting Black individuals and businesses when closing accounts under 'reputational risk' pretexts. The movement is calling for US sanctions against thes…

Public Works Minister launches infrastructure audit programme to boost resource utilisation

Yogashen Pillay|Published 7 hours ago

Minister Dean Macpherson unveils the Infrastructure Audit Programme at the Public Works & Infrastructure Summit, aiming to enhance compliance and resource utilisation ...

New hope for Newcastle as ArcelorMittal defers long steel business wind down

Yogashen Pillay|Published 10 hours ago

ArcelorMittal South Africa announces a six-month deferral of the wind down of its Long Steel Business, bringing hope to the Newcastle community and preserving thousands ...

Old Mutual's insights on US trade policies and economic headwinds

Philippa Larkin|Published 12 hours ago

Global markets brace for US President Donald Trump's trade tariffs as Old Mutual's Siboniso Nxumalo and Meryl Pick analyse the economic headwinds and investment ...

Economists fear crucial budget vote could threaten economic stability as tensions rise

Ashley Lechman|Published 22 hours ago

South Africa's Standing Committee on Finance is set to vote on the fiscal framework, potentially deciding the fate of Finance Minister Godongwana's proposed VAT ...

Rand on backfoot amidst global market jitters ahead of Trump's tariff salvo

Philippa Larkin|Published 22 hours ago

The rand has weakened against the dollar as investors brace for US President Donald Trump's tariff announcements. What does this mean for South Africa's economy? ...

Absa Group's leadership shuffle: Executive pay rises amid reputational challenges

Philippa Larkin|Published 23 hours ago

Absa Group's 2024 integrated report reveals a tumultuous leadership shuffle that has raised eyebrows, as interim CEO Charles Russon's pay surged to R35. 47 million ...

Minister Mantashe reveals petrol and diesel price reductions in South Africa

Yogashen Pillay|Published 1 day ago

Minister of Mineral and Petroleum Resources Gwede Mantashe announces significant reductions in petrol and diesel prices effective from April 2, 2025, attributing ...

SA Revenue Service collects record revenue ahead of Budget vote

Philippa Larkin|Published 1 day ago

ars has set a new benchmark by collecting R2. 303 trillion in gross revenue for the 2024/25 fiscal year, surpassing expectations just before the crucial Budget vote. ...

Why short-term insurance should be part of your budget

Staff Reporter|Published 1 day ago

Just as the government must allocate resources carefully to sustain economic growth, individuals must also budget wisely to safeguard their financial futures, and ...

FSCA warns against dealing with these operators

Staff Reporter|Published 1 day ago

The Financial Sector Conduct Authority (FSCA) has recently issued public warnings about dealing with the following operators.

85% of African businesses plan to implement AI by 2029, but it’s not SA leading the charge

Doros Hadjizenonos|Published 1 day ago

Fortinet’s research reveals widespread AI ambitions across Africa’s business landscape, with over two thirds of organisations planning to invest in AI specifically ...

Are you owed money in unclaimed dividends?

Staff Reporter|Published 1 day ago

Alongside other 19 listed companies, Old Mutual says it is determined to help these shareholders and beneficiaries gain access to their unclaimed benefits.

Auditor-General set to scrutinise Acsa’s tenders amid growing financial discrepancies

Banele Ginindza|Published 1 day ago

The Auditor General of South Africa has confirmed it will conduct a thorough examination of Acsa's procurement processes following concerns raised by the Acsa Board ...

PwC warns of energy risks and water shortages as business concerns rise in South Africa

Siphelele Dludla|Published 1 day ago

Despite the suspension of load shedding since March 2024, PwC's latest South Africa Economic Outlook reveals that business leaders still consider energy disruptions ...

IMF and World Bank brace for Trump’s ‘America First’ makeover

Bloomberg|Published 1 day ago

The IMF and World Bank are navigating a precarious landscape as they advocate for their relevance amidst President Trump's ‘America First’ agenda. With the threat ...

Consumer dissatisfaction with financial service providers revealed in FSCA report

Yogashen Pillay|Published 1 day ago

The FSCA's 2025 Complaints Management Industry Review Report reveals significant consumer dissatisfaction with complaint handling processes among financial service ...

OECD: Navigating the uncertainties of the ocean economy by 2050

Philippa Larkin|Published 1 day ago

The OECD’s report on the ocean economy reveals a doubling in value from $1 trillion in 1995 to $2 trillion in 2020, yet warns of significant threats from climate ...

AYO Technology reduces operating expenses, improves cashflow, signalling sustainability

Philippa Larkin|Published 1 day ago

AYO Technology Solutions, an ICT investment group, has reported a remarkable 62% reduction in operating losses for the year ending August 31, 2024, despite facing ...

Chinese brain chip project speeds up human trials after first success

Reuters|Published 1 day ago

China's ambitious brain chip project, Beinao No. 1, aims to implant its technology in 13 patients this year, potentially surpassing Neuralink in the race for brain-computer ...