Nearly four million pension fund withdrawals totalling close to R57 billion have been made under South Africa’s two-pot retirement system since its introduction on 1 September 2024, with the South African Revenue Service (SARS) collecting R15 billion in tax revenue. SARS commissioner Edward Kieswetter revealed these figures, adding that nearly R1 billion of the tax […] More
2025 has been a tough year for SASSA beneficiaries. Uncertainty over grant increases back in April because of the budget delays dovetailed with other disruptions in service. The most recent issues stem from SASSA’s insistence on stricter biometric verification policies. Now, embattled SASSA beneficiaries have turned the tables on agency officials. This week, grant recipients […] More
The weird thing about the Ford Tourneo Trend LWB Bus – and others like it – is you’ve got to love its working-class ethics. I, for one, don’t know the first thing about commercial vehicles, but I know a good one when it lands up in my driveway. And I just figured out why … […] More
A new survey into sports betting in South Africa says the industry is experiencing a massive online boom. Particularly among gamblers aged 18 to 34, online sports betting is even starting to challenge the popularity of the National Lottery. South Africa’s gambling revenue – including casinos and online sports betting – is projected to touch […] More
Tuesday 9 July 2025, mark the day in your calendar as the beginning of the Trump tariff disaster. Back in April of this year, US President Donald Trump announced 30% ‘punitive reciprocal trade tariffs’ with South Africa. Amid growing political tensions between South Africa and the US, many believed this would deal a crippling blow […] More
The latest official data confirms that with one week to go, bad news almost certainly lies ahead for South Africa’s motorists. Vehicle owners in South Africa saw a sizeable decrease in the cost of both petrol and diesel earlier this month. However, that picture radically changed after Israel attacked Iran late last week, which resulted […] More
Major steps to secure a multi-billion-Rand SA F1 GP deal will be taken this weekend in Spielberg, Austria. The Formula 1 circus moves on to the Red Bull Ring in the Styrian mountains this weekend, but it’s not just on-track action that will be top of mind for F1 fans. Numerous media reports confirm that […] More
South Africa said on Monday it had won a new $1.5 billion (R26 billion) World Bank loan to revive its sluggish growth rate through reforms targeting rundown transport and energy infrastructure. Africa’s most industrialised economy has struggled to build momentum since the 2008 global financial crisis, hampered by chronic power cuts and bottlenecks at the […] More
In a move set to simplify tax filing for millions of South Africans, the South African Revenue Service (SARS) has announced the rollout of a new ‘Express Access’ feature on its eFiling platform ahead of the 2025 tax season. The new functionality is aimed at providing faster, easier, and more intuitive navigation for individual taxpayers […] More
It’s comparatively ‘easy’ to make money – when you have money to start with. Compound interest is indeed the eighth wonder of the world! As they say, the rich get richer, while the poor stay, well, poor. Money makes money – and these seven South African men have made a lot of it over the […] More
The latest official data confirms that bad news almost certainly lies ahead for South Africa’s motorists in early July 2025. Vehicle owners in South Africa saw a sizeable decrease in the cost of both petrol and diesel earlier this month. However, that picture radically changed after Israel attacked Iran late last week, which resulted in […] More
Remember when you could just score loose cigarettes at the little shop on the corner? Well, updates to the Tobacco Bill aim to ban the sale of loose cigarettes by informal traders and spaza shops. And anyone caught doing so faces hefty fines and even imprisonment. However, the Portfolio Committee on Health has been hearing […] More
