Business
News24 Business | Jacky Molisane | Our SOEs need urgent reforms. That doesn’t mean privatisation
Urgent reforms are needed for South Africa’s state-owned companies. But strengthening accountability isn’t the same as the outright or fire sale of public assets to private entities, says Jacky Molisane.
News24 Business | OPINION | SARS cracks down on rich tax dodgers: Lavish lifestyles meet sequestration
SARS has moved to sequestrate both Shabangu and the Roux Shabangu Family Trust, signalling that the days of flaunting wealth while avoiding tax liabilities are numbered.
News24 Business | Govt mulls beefing up offer to scrap old taxis – to the relief of the industry
Transport Minister, Barbara Creecy has said her department will review the taxi recapitalisation programme that aims to scrap older, unsafe minibus taxis.
Ministers to oversee HS2 build as costs ‘spiral’
Louise Haigh said it had long been clear that the cost of HS2 had been allowed to “spiral out of control”.
News24 Business | Digital try-ons and 3D models: How Richemont is luring online shoppers
While Richemont’s companies are increasingly battling to sell online, Pedro Lopez-Belmonte Eraso, a senior technology innovation manager at the Swiss luxury group said that new technologies such as 3D modelling, virtual try-ons, and digital passports are helping to digitise the luxury brand experience.
News24 Business | SA govt wants to attract investors to buy catastrophe bonds, climate cover
South Africa’s National Treasury is exploring regulations to encourage the use of financial instruments to tackle climate change, including catastrophe bonds and parametric insurance.
NHS consultant who lost £39k among 100 Revolut customers contacting BBC over scams
People say they have been poorly treated by the firm after being tricked out of cash while using app.
Tax threshold freeze not a pledge-breaker – Labour sources
Government sources insist the move would not constitute a breach of Labour’s manifesto tax pledge.
Faster grid hook-ups planned for some green energy projects
Wind farms ready to be built will be connected to the electricity grid quicker under government plans.
News24 Business | PetroSA suspends CEO eight months after appointment
PetroSA CEO Xolile Sizane has been placed on suspension, the state oil company announced on Thursday.
Boohoo considers selling Karen Millen and Debenhams
The online fashion firm is mulling whether to off-load its brands as sales remain under pressure.
Who has to pay inheritance tax?
Inheritance tax is again creating political debate so how does it work and who pays?
News24 Business | Investment update | Much has changed since the 1987 crash, but there are parallels today
The latest investment insights and market developments.
News24 Business | Johan Fourie | A Nobel-winning economist’s take on BEE in SA
Daron Acemoglu, Simon Johnson and James Robinson were recently awarded the Nobel Prize in Economic Sciences. Less well known is Acemoglu and Robinson’s work on South Africa, writes Johan Fourie.
China economy slowdown deepens, official figures show
Gross domestic product rose by 4.6% on an yearly basis, below the government’s 5% annual target.
Treasury hints it will spend billions on infrastructure
Billions of pounds of government borrowing could be spent on new infrastructure projects because of new self-imposed Treasury rules.
‘It’s our moonshot’: Why scientists are drilling into volcanos
In Iceland scientists plan to drill down to magma to understand it and use it for energy production.
Fraudsters steal more than £3m a day as cases rise
Fraud cases rise by 16% in the first half of the year, but total losses are down slightly, new data shows.