President Cyril Ramaphosa told congregants at the centenary celebrations of the Afrikanerbond that land needs to be shared in order to reduce poverty and unlock its economic value to benefit all South Africans. The President on Thursday night said the Afrikanerbond should not see the acceleration of land reform as a threat but as an […]

Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine’s owner Sibanye-Stillwater said on Thursday. Precious metals producer Sibanye has been the object of strong criticism from unions, local media […]

A very determined South African Police Minister Bheki Cele addressed the National Press Club on Wednesday in Centurion, Pretoria, regarding the cash-in-transit (CIT) heists that have been taking place at alarming rates in the country. Cele says the police department is ready for a war that was declared by the criminals, specifically those involved in […]

South African police have seized documents from the offices of mobile phone operator MTN Group after Turkey’s Turkcell launched a lawsuit over a disputed Iran licence, MTN said on Tuesday. Turkcell alleges that the South African mobile company used bribery and wrongful influence to win a lucrative Iran license originally awarded to Turkcell. MTN rejects […]

The South African Social Security Agency (SASSA) has urged the public to be cautious of a fake SMS doing the rounds. “SASSA notes with concern the increasing number of fake SMSes that are being circulated to beneficiaries.” The organisation said that the agency has received reports recently that beneficiaries received an SMS instructing them to […]

Once South Africans have settled abroad, their thoughts often turn to how they can easily access their South African money. For many expats who have left the country on a permanent basis, these funds are often tied up in a trust. This is largely because trusts are a popular vehicle for South Africans to hold […]

Global auditor KPMG said on Monday it will lay off 400 people as it closes offices in South Africa following a corruption scandal that resulted in the firm losing several major clients. “These hard decisions were necessary to put the firm on a more sustainable footing, while ensuring we continue to offer our clients the […]

South Africa’s Health Minister Aaron Motsoaledi has published a new tobacco control bill which, if passed into law, will tighten the grip on how cigarettes and other tobacco products are sold, marketed and regulated in the country. Health and Medicine Editor Candice Bailey asked Catherine Egbe about what it means for tobacco control. What’s significant about South […]

The South African Parliament has on Tuesday passed the national minimum wage bill. The National minimum wage Bill has set out the minimum wage of R20 per hour which makes R3,500 a month. This excludes farmworkers and domestic workers. The law was passed by an overwhelming majority, gaining 202 votes. Three amended labour bills were […]

Need to get your hands on funds left behind in South Africa now that you’re living abroad? Here’s how it’s done, according to the taxman’s rules. As a South African resident living abroad, the Reserve Bank, including SARS, has certain exchange control allowance rules about how you’re permitted to access the money you’ve left back […]

JOHANNESBURG, May 25 (Reuters) – S&P Global Ratings affirmed South Africa’s sub-investment grade credit rating and kept its stable outlook on Friday, saying the country’s improved economic growth remained tentative and that the government’s debt burden was still on a rising path. S&P rates South Africa’s foreign currency debt ‘BB’ and its local currency debt […]

JOHANNESBURG (Reuters) – South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that never materialised, police said on Friday. The fraud investigation involves a company named BTC Global, which told clients they would earn 2 percent per day, 14 percent a […]

JOHANNESBURG (Reuters) – An inquiry into allegations of influence peddling revolving around former president Jacob Zuma and his businessman friends – the Gupta family – will begin formal public hearings in August and could take two years or more, the head of the commission said on Thursday. The allegations around Zuma, forced from office in […]

The South African Civil Aviation Authority (SACAA) has suspended SA Express’s Air Operator’s Certificate (AoC) and the airline’s Aircraft Maintenance Organisation (AMO) approvals. In addition, SACAA has also suspended the Certificates of Airworthiness (CoA) of nine of the 21 aircraft being operated by the airline. “This effectively means that as of today [Thursday, 24 May], […]

Binny Bags is one of South Africa’s many beautiful small businesses which is starting to flourish abroad. And it’s beautiful, not only because the bags are gorgeous, but because the story behind it – of family and friendship – is wonderful too. Megan Beswick – who happens to be cricketer David Miller’s (proud) aunt – […]

South African Airways (SAA), SA Express and Mango are to be merged, Public Enterprises Minister Pravin Gordhan said on Thursday. The minister also revealed that an intervention team, which he put in place at SA Express last week, has already uncovered two dodgy deals. One is a R67-million per month fuel contract which was entered […]

The South African Public Enterprises Minister Pravin Gordhan has officially announced the appointment of Phakamani Hadebe as new chief executive of Eskom, on Thursday. “Cabinet has approved the appointment of Mr Phakamani Hadebe as the new group chief executive of Eskom,” said Gordhan. In making the announcement, the minister pointed out that state owned entities […]

Leading by example, the President who likes to walk… has shown he not only walks the walk, but talks the talk. Today President Cyril Ramaphosa announced that he has decided to donate half of his Presidential salary towards a soon-to-be established fund that will be launched on July 18 – the birthday of former President […]

JOHANNESBURG (Reuters) – Scandal-hit South African retailer Steinhoff has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans. The retailer has been fighting for survival after it discovered accounting irregularities in December […]

This month we interview Jenni Baxter, Co-founder and Editor at SAPeople.com, a community site which connects, celebrates and matches South Africans in South Africa and around the world. She gives us a rare glimpse into the daily runnings of a site that aims to entertain, inform, connect and inspire readers with the latest local news and happenings […]

JOHANNESBURG (Reuters) – South Africa’s rand staged a modest recovery on Tuesday, as the dollar retreated after a recent rally. At 1505 GMT the rand traded at 12.5900 to the dollar, up 0.7 percent from the previous day’s close. The South African currency was around 2.5 percent stronger than a five-month low struck on Monday, […]

This has been an interesting year in finance so far where South Africa is concerned. Back in February, President Cyril Ramaphosa made an address to the nation that promised a drive for foreign investment in South Africa, which he was confident would help reignite confidence in the South African economy and help spur significant growth. […]

Castle Lager has taken the bold step of stripping off its main label in a new campaign to promote a label-free South Africa. The beer company said yesterday: “In light of recent events, we’ve decided to lose our label* in solidarity with all those who are unfairly and callously labeled on a daily basis. This […]

A DA-led administration has been rocked by another corruption scandal – this time in Tshwane – but what is more interesting is the handling of the matter by our nation’s official opposition  party, and the double standards that play out in relation to the handling of the saga of the Cape Town mayor, Patricia de Lille… writes Neo Nino […]

When expats leave South Africa and are living abroad, they need access to their South African funds in order to start their new chapter abroad. This often leads to the question of financial emigration and if there are any other alternatives. Your offshore allowance Every South African over the age of 18 has two allowances […]