Extra R1bn for Treasury – applies VAT to gaming, iTunes, Amazon purchases

In the early days of internet retailing, countries around the world allowed online shops to ignore sales taxes and VAT. The idea was to promote the growth and development of the nascent online retail industry – governments wanted to give online vendors an advantage to help them persuade consumers to take the plunge and shop … Read more

Air ticket prices not going to fall with new low cost entrant – Kulula CEO

  With buzz growing around a new entrant to the South Africa airline industry in the form of a low-cost carrier called Skywise, many have been asking if airline ticket prices will fall when competition gets even stiffer. However, Comair CEO Erik Venter says not a chance. The margins in the airline biz are already … Read more

Apple ties up with China Mobile, potential to boost iPhone sales by over 25%

Tim Cook has achieved something his company’s founder Steve Jobs couldn’t get right. The company has tied up a deal with China Mobile which with 740m subscribers is comfortably the biggest cell phone business on earth. The new relationship has the potential to add more than 25% to Apple’s iPhone sales. It sells around 34m … Read more

SA swoons for R13bn platinum mine promoter Robert Friedland; Steve Jobs warned he’s a con man, charlatan

Mining entrepreneur Robert Friedland is, well, interesting. Listed by Forbes magazine as a billionaire with $1.15bn net worth, Ivanhoe Mining’s founder attracts controversy like horses do flies. A brief Google search uncovers a two year jail sentence for drug dealing; an early US project still ranked the country’s worst contaminator; and, more recently, news of … Read more

Tips on how to reinvent your business, from SA’s ‘dealer in hope and optimism’

It’s easy to be worried about your business’s long-term sustainability when you look at the speed at which technology is putting companies and industries into intensive care. Don’t accept what looks like the inevitable, though, because often the biggest business ideas are to be found in the most challenging times – right under our noses. … Read more

The flourishing members of business’s “second chance at life” club

Some months back, Business Day’s editor Peter Bruce asked whether I’d like to contribute to his fine newspaper. Back then it wasn’t possible because of my restraint of trade. But that ended in July, so my first column for Business Day appeared this week. Called Undictated it appears every Monday – one more reason to start your … Read more