The National Gambling Board (NGB) has welcomed a landmark Supreme Court of Appeal (SCA) ruling that places strict limits on bookmakers, ruling that it is unlawful for them to offer fixed-odds bets on the outcome of casino games such as roulette. The judgment, based on the Gauteng Gambling Act 4 of 1995, clarifies that bookmakers […] More
Now is the time for the South African private sector to invest in PRASA, says Minister of Transport Barbara Creecy. She has just released Requests for Information (RFIs) for those who would like to invest in PRASA and save the passenger rail agency. It’s a move she sees as essential to restoring reliable public transport […] More
South Africa’s seven richest individuals now collectively hold a reported $40.4 billion (R696 billion) in wealth, according to Forbes’ real-time billionaire tracker – a figure that has reignited debate over the nation’s deepening inequality and the concentration of wealth in the hands of a few. The billionaires, whose fortunes span industries including mining, retail, finance, […] More
United States economist Professor Steve Hanke has ranked Zimbabwe Gold (ZiG) among the worst-performing currencies in the world. This comes at a time when Zimbabwe is working on introducing a mono-currency system. The new system is aimed at making ZiG the main currency of the country at the expense of the US dollar. ZiG ranked […] More
The Competition Commission has given Nedbank the green light to purchase the fintech company iKhokha. The commission recommended that the Competition Tribunal approve the deal without any conditions. NEDBANK ACQUIRES IKHOKHA IN R1.64 BILLION DEAL Nedbank is one of South Africa’s biggest banks and is listed on the Johannesburg Stock Exchange (JSE). It announced its […] More
Hisense South Africa will open its first dedicated premium brand store at Canal Walk Shopping Centre in Cape Town this November, marking a new phase in the company’s growth in the country. The Canal Walk store will double as both a retail hub and an experience centre. This will allow customers hands-on access to Hisense’s […] More
South Africa’s September inflation figures have dampened hopes for an interest rate cut in November, with data confirming a modest but notable uptick in price pressures. According to Stats SA, the headline consumer inflation rate came in at 3.4% year-on-year, narrowly missing bullish expectations of 3.3%, though still below market consensus of 3.5%. While the […] More
November 2025 SASSA Child Support Grants will be disbursed on Thursday 6 November 2025. However, the amount in question – R560 per child – is nowhere near sufficient to sustain a growing child’s nutritional needs, say advocacy groups. In fact, according to the Pietermaritzburg Economic Justice and Dignity Group (PEJDG), the amount is only roughly […] More
Right oh, the Renault Duster 4WD has managed to pull off something remarkable here. Sold as a Dacia in Europe, Renault’s South African distributors have more or less been handed a completely different Renault Duster 4WD than they remember. Previously, this fan-favourite budget adventurer was pretty basic but it was cheap and had a heart […] More
Eskom smart electricity meters are coming to South African households whether we like it or not. The parliamentary portfolio committee on electricity and energy heard this week that the nationwide rollout was gathering pace. Eskom’s Dr. Bhugwandin told parliament that a three-phase plan for smart electricity meters was underway. As such, the mandatory – not […] More
South Africa has been removed from the Financial Action Task Force’s (FATF) grey list, marking a major step forward for Africa’s most industrialised economy and bolstering investor confidence. The Paris-based watchdog announced on Friday that South Africa – along with Nigeria, Mozambique, and Burkina Faso – is no longer subject to increased monitoring after demonstrating […] More
TFG – The Foschini Group – has released a trading statement for the last six months of the year, ending on 30 September 2025. The popular retailer is perhaps best known for enabling young adults, students and low-income earners to purchase items on credit. As such, while TFG has recorded an increase in sales, it […] More
