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TUESDAY, 19 MAY 2026, 02:42

Business

R27 million paid to people who don’t exist

Yesterday at 11:12 AM, via BusinessTech

South Africa’s specialised crime unit, the Hawks, has arrested three suspects in Mpumalanga in connection with an alleged R27 million fraud in which funds were paid to 700 ghost workers.

Ramaphosa’s warning to South Africa

Yesterday at 10:48 AM, via BusinessTech

President Cyril Ramaphosa has warned that South Africa desperately needs to increase investment to drive the growth it needs to create jobs—and he wants the private sector to do it.

Money flooding back into South Africa

Yesterday at 07:00 AM, via BusinessTech

The emerging-market carry trade has bounced back from its Iran war losses as surging crude oil prices reinforce expectations that interest rates will stay elevated and bolster the currencies of commodity exporters. 

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