South Africa plans to roll out a points-based system to issue work visas as well as permits for people who want to live in the nation while working remotely for organisations based elsewhere within 30 days.

The Auditor-General of SA has said the Road Accident Fund’s accounting policy has resulted in a series of financial misstatements, leading to an adverse audit opinion for the 2022/23 financial year.

Boeing says it is suspending jobs for thousands of staff in the US due to a worker strike.

Construction has started on the undersea component of Google’s Umoja fibre-optic cable.

FNB wants to broaden the appeal of eBucks to clients earning R400 000 a year or less by introducing new rewards for taxi commuters, discounts on bus fares and vouchers or school uniform purchases.

An overview of the biggest business developments in SA and beyond.

London-listed Hostmore has appointed Teneo as administrators to help it sell its restaurants.

The dollar slipped on Wednesday as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in the day.

Vaal Central Water and Magalies Water could go bankrupt within six to 12 months if municipalities which owe the bulk water suppliers millions of rands do not start paying soon.

Zimbabwe’s creditors may be willing to consider a debt-for-climate swap with the nation as part of a restructure of its R370 billion in arrears.

The chief executive had already stepped back from front-line duties to prepare for the Horizon IT inquiry.

Automotive components group Metair slipped over 3% on the JSE on Thursday morning after it warned shareholders to expect an interim loss after it took hits from higher interest rates and hyperinflation in Turkey.

The firm is under pressure worldwide over the dominance of its search and ad-tech businesses.

Philip Morris International bought Vectura Group just three years ago in a deal worth more than £1bn.