The South African Revenue Service (SARS) has obtained a provisional sequestration order worth R155 million against an individual taxpayer for serious tax non-compliance, marking another decisive step in its ongoing clampdown on defaulters. The order, confirmed by the North Gauteng High Court, allows SARS to seize the taxpayer’s assets to recover outstanding debts. Legal action […] More
Two former employees at a company in Australia have accused the chief financial officer – a South African – of bullying and misconduct. Metcash, one of Australia’s largest wholesale distributors, is defending claims brought before the Fair Work Commission by two former senior finance executives. The pair claim they were “fired on the spot” following […] More
When you meet Mike Finlay, CEO of RiskBusiness, you understand immediately that he sees the world through patterns. Calm, reflective and precise, he talks about uncertainty the way most people talk about weather, inevitable, unpredictable and something you learn to live with. Over the past few decades, he has helped companies navigate shifting markets, new […] More
While most South African medical schemes have managed to keep their 2026 contribution increases below double digits, the rising cost of cover is adding further pressure to already stretched household budgets. According to new data from Alexforbes, average contribution increases among the country’s largest open medical schemes range between 6.8% and 9.9%, with one outlier […] More
South Africa-born billionaire Elon Musk, the world’s richest person, is halfway to becoming the planet’s first trillionaire, Forbes magazine reported on Tuesday. The Tesla and SpaceX CEO became the first person to achieve a net worth of $500 billion as the shares in his electric vehicle company rebound from his clumsy stint in politics, amid […] More
A state-run shopping mall? We know that, given half a change, South African politicians will nationalise anything. But how is it that the Department of Transport opened a new shopping centre in KwaZulu-Natal last week (28 October 2025)? That’s right, it’s a bona fide state-run shopping mall of 7 259 square metres, with capacity for […] More
Xaba said the high-speed rail project – which would connect Durban with other major cities, including Polokwane, Musina, Pretoria, and Mbombela – could transform regional economies and promote tourism. The Mayor’s comments were in response to Transport Minister Barbara Creecy launching a nationwide Request for Information (RFI) process last week. Her RFI invited the private […] More
The South African Revenue Service (SARS) has officially withdrawn its work-from-home initiative, with all employees instructed to return to the office full-time from 1 January 2026, the Public Servants Association (PSA) has confirmed. While SARS never formalised a remote-work policy, the arrangement was introduced under Commissioner Edward Kieswetter during the Covid-19 pandemic as part of […] More
Saffas who previously worked in the United Kingdom may be able apply for and maximise their UK state pension – benefits they didn’t even know they were entitled to. A little-known UK provision allows former workers to “buy back” missing National Insurance (NI) years, potentially securing a lifetime of retirement income. According to XtraPension, a […] More
Retail giant Pick n Pay is relaunching its iconic No Name brand as part of a sweeping turnaround strategy aimed at restoring profitability and customer trust following a period of heavy losses and store closures. The No Name brand – first introduced in 1976 and known for offering affordable grocery staples – is being “radically […] More
You’ve probably never heard of the South African rare-earth mine in Steenkampskraal. And why would you? The term ‘rare earth’ doesn’t actually mean the deposits are particularly rare. But rather, that mining them is more expensive and labour intensive. And less quantities are therefore extracted. Nevertheless, due to a conflagration of circumstances, the South African […] More
Cabinet has expressed its satisfaction with South Africa’s preparations for the upcoming Group of 20 (G20) Leaders’ Summit, saying it is confident the country will host the event successfully. Thousands of international delegates, media representatives, and visitors are expected to gather at the NASREC Expo Centre in Johannesburg for the two-day summit scheduled to take […] More
