Business

Fin24.com | Koko: I will go to work on Monday and wait and see

Former acting Eskom CEO Matshela Koko says he heard the news of his removal “as everyone else did” and he will wait for the board to advise him of government’s decision...

Fin 24

Fin24.com | Businessman Jabu Mabuza to chair Eskom, Koko and Singh to be removed immediately

Telkom Chairperson Jabu Mabuza will chair Eskom’s board as part of a host of measures announced by government to “stabilise management” at the power utility...

Fin 24

Fin24.com | Business welcomes govt’s 'commitment' to restore confidence with new Eskom board

Business leaders have welcomed the appointment of Eskom’s new board as a sign that there is political will to restore confidence in state-owned enterprises...

Fin 24

ANC welcomes new Eskom board

It says far-reaching measures are needed to improve governance as well as restore the integrity of the state-owned company...

Eyewitness News Business

Economist: Spike in grape prices inevitable amid drought

The sector is being affected by the ongoing drought in the province...

Eyewitness News Business

Lab meat to transform meat industry in 2021

The meat industry researchers are expecting meat without animals to hit shelves in 2021. This aims to eliminate animal slaughter for meat production...

IOL Business

ANC leadership agree on Zuma exit: report

The leadership of South Africa’s ruling party decided that president Jacob Zuma must leave office but didn’t set a time-frame for his exit, according to six senior party o...

BusinessTech

eNCA | Bank of Baroda willing to spill the beans on Gupta bank records

This after an access to information request by the Helen Suzman Foundation and Freedom Under Law...

eNCA Business

5 trends entrepreneurs can capitalise on this year in South Africa

Trudi Makhaya, consulting economist for Mercantile Bank highlights several main themes for entrepreneurs to look out for in 2018...

BusinessTech

H&M to launch anti-racism programmes

The campaign follows a public outcry over a hoodie advertising campaign...

Eyewitness News Business

Cyril Ramaphosa names Jabu Mabuza as Eskom chairman in board shake-up

SA Deputy President Cyril Ramaphosa has appointed a new board at power utility Eskom and named Telkom’s chairman Jabu Mabuza as its new chairman...

IOL Business

Ramaphosa names Jabu Mabuza as Eskom chairman in board shake-up

SA Deputy President Cyril Ramaphosa has appointed a new board at power utility Eskom and named Telkom’s chairman Jabu Mabuza as its new chairman...

IOL Business

Fin24.com | BREAKING: Businessman Jabu Mabuza to chair Eskom, Koko and Singh to be removed immediately

Telkom Chairperson Jabu Mabuza will chair Eskom’s board as part of a host of measures announced by government to “stabilise management” at the power utility...

Fin 24

City Lodge Hotel Group opens third hotel in Nairobi

City Lodge says this hotel will cater for business and leisure travellers visiting Kenya and East Africa by providing accommodation and associated services...

IOL Business

Fin24.com | BREAKING: New Eskom chair announced

The Presidency has announced a new Eskom board with Jabu Mabuza as its chairperson...

Fin 24

Fin24.com | More than 200 senior Eskom managers give Ramaphosa deadline to act

More than 200 senior Eskom managers expressed their concern over the lack of “decisive and bold actions against allegations of fraud, corruption and maladministration” in...

Fin 24

SA business responds to Zimbabwe's calls for investment

During the meeting, Mnangagwa implored Zimbabweans in the diaspora to assist their country to recover from 37 years of bad governance...

IOL Business

Here’s how many electric cars have been sold in South Africa

New data from analytics group Lightstone shows that electric vehicles make up only 0.2% of cars sold since the inception of electrically powered vehicles (EV) in the country...

BusinessTech

The birth of the Beerhouse

Even with no industry experience, Randolf knew that a successful bar business starts with a good location and Long Street was the answer...

IOL Business

Eskom mum on Zethembe Khoza’s alleged resignation

It’s understood that a new board is due to be announced on Saturday afternoon...

Eyewitness News Business

How secure are South Africa’s connected homes?

As the Internet of Things (IoT) continues to increase in popularity globally, a recent survey was commissioned by Kaspersky Lab in South Africa, to gain an understanding on ho...

BusinessTech

Fin24.com | As Nene awaits news on Eskom top job, DA vows Khoza won't go scot-free

Former finance minister Nhlanhla Nene says the matter of whether he’ll be appointed as Eskom chair is “still under consideration” and he hopes for a conclusion before th...

Fin 24

Scientists want to save elephants through inspecting seized ivory

Scientists are using information gleaned from both illegal ivory art and elephant dung to provide clues that could help save the lives of pachyderms...

IOL Business

DA welcomes resignation of Eskom chairperson

The Democratic Alliance has welcomed the resignation of Eskom Chairperson, Zethemba Khoza...

IOL Business

South Africa to name new Eskom head within hours

Authorities are due to name a new executive chairman for troubled power utility Eskom within 24 hours...

IOL Business

OPINION: Open Data can save cities and governments

Mayor of Cape Town, Patricia de Lille, led an initiative that could have saved her from one of her greatest challenges as the leader of the city of Cape Town...

IOL Business

How a former banker became the world’s most influential wine critic

Wine is one of those rare industries in which one person’s opinion can make fortunes or break them...

IOL Business

Fin24.com | Eskom chair quits 'in the interest of the country'

Eskom chairperson Zethemba Khoza confirmed to Fin24 that he submitted his resignation to Minister of Public Enterprises Lynne Brown and he's waiting for her to ac...

Fin 24

South African IT market to grow to R149 billion by 2021

Research and advisory firm BMIT’s preliminary estimates of the IT market for 2017 is that it grew by 5.3% to R111 billion driven mainlydigital transformation, IT security an...

BusinessTech

PSA, Fedusa probe into Steinhoff underway

On Friday, the giant retailer handed over their administrative and financial reports dating back to 2002 to the association...

Eyewitness News Business

Fin24.com | Ntsebeza Inquiry into individuals involved in KPMG saga on track

The independent investigation into Chartered Accountants involved in the KPMG saga, launched by the South African Institute of Chartered Accountants and dubbed the Ntsebeza In...

Fin 24

Fin24.com | Google in UK fight over frontiers of right to be forgotten

Google is set for its first battle in a London court over the so-called “right to be forgotten” in two cases that will test the boundaries between personal privacy and pub...

Fin 24

Fin24.com | PICS: This $9.8m Italian Villa was owned by Napoleon’s sister

Pauline Bonaparte spent her later years on this estate in Lucca. Now you can, too...

Fin 24

5 of the world's biggest diamonds

A small, embattled diamond miner just hit the jackpot, the 910-carat stone found high in the mountains of Lesotho, is the fifth-largest in history...

IOL Business

Buying vs leasing a car in South Africa in 2018

More South Africans than ever are leasing rather than buying their cars - here's why...

BusinessTech

Singh to appear in Parly over R400m deal with obscure entity

It's reported that the agreement was in return for the entity securing a $2 billion loan from China to build or refurbish power stations...

Eyewitness News Business

15 questions you should be prepared to answer at your next job interview

If you’re preparing for a big interview in the New Year, prepping beforehand with these 15 interview questions will help you get one step closer to that dream job...

BusinessTech

The mysterious Twitter user drawing a swarm of Japan traders

Okasanman has been dubbed a “locust lord” because the account attracts a swarm of traders who seek to profit from the prolific tweets...

IOL Business

Fin24.com | Steinhoff sells private jet to US broker as cash runs low

Steinhoff International has sold its luxury Gulfstream 550 private jet to US aircraft broker Avpro as it seeks to boost liquidity...

Fin 24

eNCA | Amazon boosts monthly fee for Prime by $2

Amazon increased the fee for its monthly plan to $12.99 from $10.99, while maintaining the annual fee at $99...

eNCA Business

Spotify will now offer visual podcasts in Spotlight

Spotify announced that it will expand its audio offerings to include “visual podcasts” about news, politics and entertainment...

IOL Business

WATCH: RentMyRide on a path of growth for 2018

RentMyRide, a car rental company, which launched in 2016, allows users to rent out their vehicle when they are out of town...

IOL Business

Flare add ambulance services to their platform

Rescue goes beyond just the ambulance service, it also gives the user real time traffic estimates give you the quickest route to the hospital...

IOL Business

Amazon boosts monthly fee for Prime by $2, maintains yearly rate

It was the first increase of Prime fees in almost four years and comes at the end of another bullish year and holiday season for Amazon’s dominant online shopping platform...

Eyewitness News Business

Japan may legalise gaming

Although Japan is against illegal gambling, they are thinking of legalising gaming tournaments...

IOL Business

Fin24.com | Women catch up with men in wine drinking stakes

Major shifts in the wine industry over the past 12 years include gender equity in terms of wine drinkers, according to an expert in wine business strategy...

Fin 24

23-year old local entrepreneurs go international

Recognising a gap in the local market for designer yet affordable watches, two entrepreneurs created their own start-up, Colton James Timepieces...

IOL Business

Google invests in Uber rival, Go-Jek

Google is allegedly entering a back investing deal in a ride-hailing company that are rivals to Uber...

IOL Business

Fin24.com | No cash? Paris church basket now taking bank cards

The passing around of collection baskets at Catholic mass usually leads to a collective digging through pockets and purses for loose change or small bills - but a Paris church...

Fin 24

WATCH: Top SA entertainers who give-back by investing in education

The creative industry role models feel that it is their responsibility to make sure that the upcoming talent acquires the industry related education...

IOL Business

Fin24.com | SA could see a new cryptocurrency trading app soon

South Africa could soon see a new cryptocurrency app to be launched by the deVere Group, amid “soaring global demand” and in defiance of financial traditionalists...

Fin 24

eNCA | Steinhoff agrees to hand over financials to PSA

The PSA, which acts on behalf of its 230,000 members, is invested in Steinhoff through the Public Investment Corporation...

eNCA Business

Fin24.com | Angola's hefty airlines bill

Angola still owes more than $500m to international airlines, one of many items in the in-tray of new President Joao Lourenco as he tries to revive the economy...

Fin 24

Fin24.com | US stocks up despite shutdown angst

Wall Street stocks rose early as markets assessed the risks of a possible US government shutdown that could damage the economy...

Fin 24

IBM shares fall on soft profit outlook

IBM’s results call after US markets closed on Thursday forecasting an operating profit of at least $13.80 per share for 2018, compared with $13.80 in 2017 and market expecta...

Eyewitness News Business

Eskom management says interim financial results to be published

The power utility has delayed publishing these results and could face severe penalties, including lenders recalling loans...

Eyewitness News Business

Fin24.com | Banks' bond war to benefit home buyers

Strong competition among SA banks is expected to result in a buoyant home loan lending environment in 2018, according to bond originator ooba...

Fin 24

Steinhoff International seeking R3bn to ease its financial woes

This news comes after Steinhoff announced yesterday that Jayendra Naidoo became the fourth high-profile person to leave when he resigned as a member of its supervisory board...

IOL Business

PSA threatens to disrupt horse racing event over Steinhoff ex-CEO Markus Jooste

The association is calling on Sun Met organisers to remove all Markus Jooste's horses from the race on 27 January...

Eyewitness News Business

Rand cheers Ramaphosa’s tough talk on graft

Ramaphosa yesterday called on prosecutors to act urgently in pursuit of a firm owned by friends of President Jacob Zuma, as pressure mounted on the latter to step down...

IOL Business

11 of the most anticipated cars coming to South Africa in 2018

BusinessTech looked at 11 of the most anticipated cars coming to South Africa in 2018...

BusinessTech

Fin24.com | Hero to short sellers rose from social work to Steinhoff win

A year before unleashing a damning report that has detailed accounting irregularities at Steinhoff International Holdings, one of its authors faced a reckoning of his own...

Fin 24

Fin24.com | JSE flat as listed property stocks remain under pressure

The JSE closed flat on Friday after a mixed session where the index failed to get a clear direction...

Fin 24

Steinhoff to hand over financial records from 2002

Steinhoff has allegedly agreed to make their financials dating back as far as 2002, accessible to Fedusa and the PSA...

IOL Business

Fin24.com | Brown hands Eskom ultimatum over Huarong loan agreement

Public Enterprises Minister Lynne Brown has given the Eskom board an ultimatum to hand her a report on a controversial loan agreement by close of business on Friday...

Fin 24

Davos is a window of opportunity for SA

Ramaphosa has chance to win over global community...

IOL Business

Fin24.com | Blocked funds increasing problem for airlines in Africa - Iata

In nine African countries international carriers are unable to repatriate foreign currency earnings, while locally-based airlines experience difficulties too...

Fin 24

Fin24.com | Instagram to test text-only stories

Photo and video sharing social networking app Instagram is reportedly testing a new text-only story feature and screenshot notifications, likely to ward off stalkers...

Fin 24

Fin24.com | Top7 on Fin24: Deloitte breaks silence on Steinhoff, Trevor Noah loses out on Trump's 'fake news' award

ICYMI: A roundup of Friday's must-read financial and economic news...

Fin 24

Instagram has a new feature: “Show Activity Status”

Instagram's new feature “Show Activity Status” tells your friends when you were last checking the app...

IOL Business

Gigaba switched-on to risks Eskom poses

Ahead of next week’s World Economic Forum (WEF) in Sandton, Gigaba and Deputy President Cyril Ramaphosa were candid about the risks Eskom’s woes posed to the country...

IOL Business

#WaterCrisis: Firms cashing in on drought solutions

Cape firms are trying their best to save water while maintaining their operations. However, the water crisis has boosted the business of some...

IOL Business

PSA: Steinhoff lawyers have agreed to release financial records

If the company fails to submit the documents, the Public Service Association will head to court...

Eyewitness News Business

UPDATE: Cosatu water strike is still going ahead

Cosatu said today that they are still going ahead with the protest against the drought levy which the City of Cape Town had proposed last year...

IOL Business

National minimum wage will be adjusted every year

The Department of Labour says that the national minimum wage (NMW) which is set to be implemented from 1 May 2018, will be reviewed and adjusted annually...

BusinessTech

Fin24.com | WATCH: Call to widen Sun Met boycott over Jooste's horses

The Public Servants Association is adamant that civil society should join the boycott against the Sun Met, as Markus Jooste's horses will still be part of the rac...

Fin 24

Kidtech: smartphone for kids with parental controls

KidTech is allowing parents to keep a watchful eye on the smartphone activity of their children...

IOL Business

More good news for South Africa as IPO activity improves

Capital raised in domestic listings by African issuers increased for the second year in a row, according to the latest research from global law firm Baker McKenzie...

BusinessTech

W.C drought shrinks wine grape industry harvest

Not only the wine industry but also seasonal workers at vineyards could also feel the pinch of drought effects in the Western Cape...

IOL Business

Steinhoff is in discussions with potential funders for liquidity

The company said it expected to be in a position to pay cash interest on all its existing financial debt over the near term...

IOL Business

Vodacom users experiences downtime in Gauteng

Vodacom users were unable to make calls around 8:30 due to the network experiencing technical issues in Gauteng...

IOL Business

Fin24.com | SA wine industry faces most challenging year ever - expert

This year is the most challenging the domestic wine industry has ever faced, according to Francois Viljoen, head of viticulture and soil science at VinPro...

Fin 24

Novus Holdings to lose printing contracts

Novus Holdings, a commercial printing company, i set to lost their printing contracts by February...

IOL Business

Full list of South Africans attending the WEF, Davos 2018

With this crucial forum approaching,Business Unity South Africa (Busa) raised some key concerns to those attending the World Economic Forum 2018 in Davos, Switzerland...

IOL Business

This is how much the average house costs in South Africa – for first time and repeat buyers

Fourth quarter (Q4 2017) property statistics from bond originator ooba, confirm that 2017 was a very tough year for the property market...

BusinessTech

SABC admits breaching editorial policy with Bathabile Dlamini interview

It emerged this week that the minister's department paid the SABC R500,000 to host her, insisting that only R150,000 was transferred...

Eyewitness News Business

Fin24.com | How the Markus Jooste scandal may impact SA's biggest horse racing auction

There are fears within the horse racing community that the scandal surrounding former Steinhoff CEO and noted racehorse owner Markus Jooste could cause a sharp decline in hors...

Fin 24

Fin24.com | Steinhoff hands over 15 years of financial records to unions

Steinhoff has agreed to allow the Federation of Unions of South Africa and the Public Servants Association access to financials as far back as 2002...

Fin 24

Deloitte says they did the right thing with Steinhoff

Deloitte said it has confidence in the embattled retail holdings company, Steinhoff as the global retailer’s auditor...

IOL Business

Former Land Bank CEO convicted of fraud

The Hawks say, contrary to what the application stated, the money was never used to benefit farm workers or upcoming farmers, but for the personal benefit of the accused...

IOL Business

WhatsApp launches app for businesses

Instant messaging app WhatsApp has launched a free app aimed at helping small businesses connect with their customers, called WhatsApp Business...

IOL Business

IFC extends R740 million in finance to Mercantile Bank to expand its lending to SMEs

The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it will extend a seven-year R740 million term loan to Mercantile Bank Limited...

BusinessTech

Dollar near three-year low, heading for worst run since 2015

The U.S. currency slipped to its lowest since December 2014 this week, with investors selling on the view that other central banks will join the Federal Reserve...

IOL Business

Steinhoff secures €60m lifeline for European operations

The group last month revealed 'accounting irregularities' which helped to wipe about $15 billion, or 85%, off its market value...

Eyewitness News Business

Fin24.com | Steinhoff to hand over 15 years of financial records to unions

Steinhoff has agreed to allow the Federation of Unions of South Africa and the Public Servants Association access to financials as far back as 2002...

Fin 24

SEC says bitcoin funds raise 'investor protection issues'

A top division chief at the US Securities and Exchange Commission detailed the agency’s concerns about the wild-trading investment...

Eyewitness News Business

Vodacom resolves call issues in Gauteng

Many frustrated Vodacom customers in and around Gauteng were unable to make calls on Friday morning...

Eyewitness News Business

Fin24.com | March rate cut hinges on budget, persistent rand strength

While SARB's decision to keep the repo rate at 6.75% was in line with market expectations, a future rate cut depends on the rand's performance and th...

Fin 24

Single vs double cab bakkie sales in South Africa

New data from Lightstone shows the rise in popularity of the double cab bakkie in South Africa over the past several years ...

BusinessTech

Fin24.com | Vodacom restores connectivity after call glitch

Vodacom says it has resolved issues which plagued its network in Gauteng, affecting customers' calls on Friday morning...

Fin 24
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