Biznews - The Latest Business & Financial News in South Africa

‘Delinquent director’ Myeni wheels in cash to settle R120k legal fees, block debt collectors

Myeni, who allegedly accepted huge cash lump sums each month from a government contractor on behalf of the Jacob Zuma Foundation, owed legal fees for challenging a declaration that she is a ‘delinquent director’.

29th November 2020

Buying property now more affordable – insights from BizNews Property Talk

Buying property is now affordable due to falling prices and low rates, however, research is key when buying property.

30th November 2020

‘Tis the season to be foolish – On the Money with Jarryd Neves

Christmas is around the corner - and so are the many impulsive purchases. It's good to give, but not to the detriment of your finances.

30th November 2020

Racism: EFF is on ‘dangerous, path’ in Brackenfell; must be punished, says FW de Klerk Foundation

The FW de Klerk Foundation highlights the inequalities which are present in the investigation and prosecution of racism in South Africa.

30th November 2020

Where is the best place to buy investment property in Manchester UK?

Over the years, Manchester has been transformed into a thriving place to live and the best place in the UK to do business.

30th November 2020

Joburg mayor Geoff Makhubo got R35m for deals with Gupta-linked Regiments #Statecaptureinquiry

The Zondo commission has presented a long paper trail of cash payments between Regiments Capital and Joburg mayor Geoff Makhubo.

30th November 2020

Rules against money-laundering don’t work in SA – ask Zuma’s friends

When will SA's corruption-busters start firming up criminal charges against the many enablers of state capture in corporates, like banks?

30th November 2020

BizNews week in review: Zondo commission update; travel on taxpayers’ dime; Sygnia on ASISA; no confidence vote

The business week in review: Taxpayers foot massive travel bill, Sygnia speaks on ASISA lobbyists; Zondo Commission.

29th November 2020

Briefs

Africa looks for partners in the race for Covid-19 vaccines

Africa has been promised Covid-19 vaccines from the World Health Organisation’s Covax program that would cover about 20% of its population.

26th November 2020

FinMin questions SAA bailout in late night musings

Tito Mboweni has questioned the need to keep the national carrier afloat, in late night musings on social media.

25th November 2020

SA business confidence jumps to highest level in more than two years

SA business confidence jumped to the highest level in more than two years as further easing of lockdown restrictions spurred a resurgence in activity.

25th November 2020

Judge John Hlophe in firing line again; accused of grave breach of Rule of Law

For several years, the public at large has been following with mounting alarm reports of disciplinary proceedings against Judge John Hlophe.

25th November 2020

Wealth Advisors

Should my home be paid off at retirement?

Do not fall victim to the temptation of refinancing your home when borrowing costs are low, by spending it on building upgrades or luxury living.

24th November 2020

Why the wealthy focus on returns from secondary markets

These secondary markets tend to have highly resilient properties as there is steady demand for them from the middle-income sector of the economy.

23rd November 2020

International ‘wrapper’ products can boost offshore portfolios

Once you have decided to invest offshore, you would need to consider if your capital should be invested in an international wrapper product or not.

16th November 2020

Retirement savings for every life stage

Many people delay getting a proper retirement plan in place, as the many reports reviewing the SA savings culture has shown for decades.

9th November 2020

Weren’t you planning on buying her a diamond anyway?

GoIndustry DoveBid brings you diamonds and jewels galore this Christmas season for that special someone who needs spoiling after a turbulent 2020.

27th November 2020

Inside Investing Ep 11: Big company greed-driven lobbying killed RA breakthough – Wierzycka, Heystek

We talk to Magda Wierzycka and Magnus Heystek about the exchange control regulation amendments that were suddenly halted this week.

26th November 2020

“Pre-Approved” EB-5 Projects: What to Trust

Today’s EB-5 marketplace can be confusing; fortunately, there are resources available that can aid an investor in their due diligence process.

24th November 2020

Inside Investing: RA breakthrough; overlooked 4Sight; why Anchor Capital leaving; IRR raining on Cyril’s parade

In this jam-packed episode, we hear from the CEO of JSE-listed 4Sight Holdings; Anchor Group founder Peter Armitage, Magda Wierzycka and more.

19th November 2020

SA Investing

SA retailers, manufacturers invest in reviving local clothing industry

The initiative comes as South African President Cyril Ramaphosa looks to revive a manufacturing industry that’s deteriorated since the lifting of apartheid-era sanctions two decades ago.

29th November 2020

Remuneration in the big league; A R77m exit coupled with a 66% fall

One has to question the role of a shareholder when 82.24% vote against a remuneration report, yet they are classified as ‘non-binding advisory votes’.

28th November 2020

SA retailers offering big discounts this Black Friday. Will this change the sector’s fortunes?

SA retailers have indicated that consumers should expect unprecedented discounts this Black Friday.

27th November 2020

South Africa could sell shares in ‘new’ SAA

Tito Mboweni has announced that government could sell shares in SAA to the public. He says government pledged support to a restructured SAA.

26th November 2020

Global Citizen

Portugal property, Golden Visa programme warning: don’t get caught on wrong side of new rules – expert

Looking to obtain a Golden Visa by investment into Portugal? The rules have changed, but there are other opportunities.

27th November 2020

Zondo state capture commission: Zuma submits new affidavit on recusal application – UPDATED

A death in Zuma's family means he can't attend the final hearing for his recusal application at the Zondo commission.

18th November 2020

Malema and his ‘winning’ white lawyers in row over rejecting black lawyers: ‘EFF is not anti-white’

The criminal assault trial of EFF leaders Julius Malema and Mbuyiseni Ndlozi has been postponed until March 2021 in the Randburg Magistrate’s Court.

17th November 2020

Zuma sets out his personal relationship with Zondo – in 102-page affidavit. Full details

Jacob Zuma has cited visits to his home and personal conversations with Judge Ray Zondo as reasons for the Deputy Chief Justice's recusal.

16th November 2020

Global Investing

Blue diamonds are a girl’s best friend: Petra’s five rare stones sell for R600m

Petra’s collection of five blue diamonds recovered at the Cullinan Mine in September sold for $40.36 million this week.

29th November 2020

SA-born Elon Musk becomes world’s second-richest man, as Tesla overtakes Microsoft

Elon Musk, 49, Tesla co-founder, has passed Bill Gates to become the world’s second-richest person as his company's stock price soars.

25th November 2020

Dow Jones index hits milestone – With insights from The Wall Street Journal

'Investors are showing faith in the idea of a recovery by mid-year 2021.' Stocks surged earlier this week.

25th November 2020

Nobody wants SAA baggage – business rescue practitioner

A business rescue practitioner for SAA says it needs a partner to manage it, making it sustainable without support from government.

25th November 2020

Entrepreneur

BizBriefing: Mboweni to fight public servants on pay; SA introduces booze police; reviving clothing industry

The government and labour unions will square off in court this week over public servant pay that has surged 51% since 2008.

29th November 2020

R20bn wedding industry hit hard; SMEs close shop as Covid takes its toll

Large weddings remain on hold for many brides waiting to say ‘I do’, due to the continued toll of Covid-19 on a once bustling industry.

28th November 2020

Exposed AGAIN! CR’s State Security deputy Zizi Kodwa at centre of EOH corruption – #Zondo

From 2015 to 2017, questionable transactions were made from Jehan Mackay to Zizi Kodwa who was the ANC spokesperson at the time.

25th November 2020

BizBriefing: PIC gives Eskom a helping hand, SA pays to secure access to Covid-19 vaccine, Zondo hears from EOH

The PIC, Africa’s biggest fund manager, is willing to help power utility Eskom Holdings resolve its debt crisis, says Finance Minister Tito Mboweni.

25th November 2020

Business Unusual

‘Delinquent director’ Myeni wheels in cash to settle R120k legal fees, block debt collectors

Buying property now more affordable – insights from BizNews Property Talk

‘Tis the season to be foolish – On the Money with Jarryd Neves

Racism: EFF is on ‘dangerous, path’ in Brackenfell; must be punished, says FW de Klerk Foundation

Where is the best place to buy investment property in Manchester UK?

Joburg mayor Geoff Makhubo got R35m for deals with Gupta-linked Regiments #Statecaptureinquiry

Rules against money-laundering don’t work in SA – ask Zuma’s friends

BizNews week in review: Zondo commission update; travel on taxpayers’ dime; Sygnia on ASISA; no confidence vote

Africa looks for partners in the race for Covid-19 vaccines

FinMin questions SAA bailout in late night musings

SA business confidence jumps to highest level in more than two years

Judge John Hlophe in firing line again; accused of grave breach of Rule of Law

Should my home be paid off at retirement?

Why the wealthy focus on returns from secondary markets

International ‘wrapper’ products can boost offshore portfolios

Retirement savings for every life stage

Weren’t you planning on buying her a diamond anyway?

Inside Investing Ep 11: Big company greed-driven lobbying killed RA breakthough – Wierzycka, Heystek

“Pre-Approved” EB-5 Projects: What to Trust

Inside Investing: RA breakthrough; overlooked 4Sight; why Anchor Capital leaving; IRR raining on Cyril’s parade

SA retailers, manufacturers invest in reviving local clothing industry

Remuneration in the big league; A R77m exit coupled with a 66% fall

SA retailers offering big discounts this Black Friday. Will this change the sector’s fortunes?

South Africa could sell shares in ‘new’ SAA

Portugal property, Golden Visa programme warning: don’t get caught on wrong side of new rules – expert

Zondo state capture commission: Zuma submits new affidavit on recusal application – UPDATED

Malema and his ‘winning’ white lawyers in row over rejecting black lawyers: ‘EFF is not anti-white’

Zuma sets out his personal relationship with Zondo – in 102-page affidavit. Full details

Blue diamonds are a girl’s best friend: Petra’s five rare stones sell for R600m

SA-born Elon Musk becomes world’s second-richest man, as Tesla overtakes Microsoft

Dow Jones index hits milestone – With insights from The Wall Street Journal

Nobody wants SAA baggage – business rescue practitioner

BizBriefing: Mboweni to fight public servants on pay; SA introduces booze police; reviving clothing industry

R20bn wedding industry hit hard; SMEs close shop as Covid takes its toll

Exposed AGAIN! CR’s State Security deputy Zizi Kodwa at centre of EOH corruption – #Zondo

BizBriefing: PIC gives Eskom a helping hand, SA pays to secure access to Covid-19 vaccine, Zondo hears from EOH

‘Upgrade’ to online learning without forgoing fun, tradition, or ethos

How Valenture Institute is prepping students for a global working world

Valenture Institute, St Stithians in ‘revolutionary’ online high school collaboration. LISTEN!

The role of a substitute and the newspaper-less move