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 […]

South African born and raised billionaire entrepreneur Elon Musk has revealed some exciting details about Tesla’s faster, more powerful Model 3 all-wheel drive (4×4) versions. First the electric car company CEO hinted: “Working on Model 3 dual motor all-wheel drive & performance versions. Driving feel is amazing. Aiming to release config late tonight.” And in […]

A South African wine company – of which 62% is owned by 250 farm worker families – has secured an exciting deal which will see it export wine to China. The Western Cape’s Thandi Wines has secured a one-year contract with a Chinese distributor to export their range of premium wines to China. The contract […]

South African expat living abroad? Here’s what you need to think about before you start the process of encashing your retirement annuity and moving your proceeds abroad. When it comes to your South African retirement annuities, all is not lost simply because you’ve moved to another part of the globe. Tax law amendments made in […]

Recent actions by US President Donald Trump’s administration are severely straining relations with South Africa’s new government led by President Cyril Ramaphosa. And relations between the two governments are likely to worsen. The first blow was last month’s threat by Trump’s UN Ambassador Nikki Haley that countries unwilling to tow the US line would be […]

A former nurse from Soweto, Thato Maketekete, has opened a new South African shop in Ontario, Canada – with all the best SA goodies to cure the homesick blues! Mrs Balls chutney, Bakers Biscuits, Ouma rusks, bush tea, Maizena, Tastic, ProNutro, ProVita, Ingrams cream, Lux soap, biltong, boerewors, African clothes, shoes and jewellery. You name […]

  The DA says it will call for a full disclosure on the status of funding for South African Airways (SAA)… given that a further bailout of R5 billion, its third cash injection in just one year, may have been sourced. Alf Lees MP – DA Shadow Deputy Minister of Finance – said that on […]

Mogalakwena Municipality’s Council has agreed to purchase a brand new vehicle for its Mayor, Andrina Matsemela, that will apparently cost R1 million… despite the poverty-stricken municipality’s huge service delivery shortcomings, claim the DA. Korny Dekker, DA Councillor in Mogalakwena, said the DA has unambiguously opposed this decision, which was taken during a special council meeting yesterday. The Mayor’s existing […]

South African Economic Development Minister Ebrahim Patel says the department has made a proposal to global clothing retailer H&M to consider buying goods from local suppliers. “Last year, H&M, the world’s second largest clothing retailer, marketed a sweatshirt with offensive language. “When we engaged H&M in the weeks that followed, we noted that they imported […]

The deadline for written submissions on the proposed review of Section 25 of the Constitution – in order to allow for land expropriation without compensation – has been extended by two weeks until 15 June 2018. This extension will make the period for written submissions a total of 60 days given to the public to make […]

The DA has declared that “we have not and will not offer to keep Patricia de Lille on as Mayor of the City of Cape Town”. In a media statement on Thursday, Natasha Mazzone – Deputy Chairperson of Federal Council – clarified: “We have offered to agree, in order to prevent any further unnecessary legal delays, […]

South Africa’s founding President Nelson Mandela was on this day, 24 years ago, inaugurated as Head of State. (Watch Madiba’s speech below.) Mandela took the Oath of Office as the first President of a democratic dispensation at a ceremony held at the Union Buildings. The day followed the historic 27 April 1994 elections, which saw […]

Durbanites are to finally get their own non-stop direct flight to London, after years of the schlep and time wasted having to stop off in Johannesburg on the way. British Airways has announced it will begin flying three times weekly direct from London Heathrow’s Terminal 5 to Durban, starting on 29 October 2018. The service will […]

When many South African expats leave South Africa, financial emigration is the last thing on their minds. It is only once they are settled abroad and consider moving their South African money over to their new home country that they start to explore South African exchange controls and how financial emigration enables the free flow […]

The MyCiTi service in the City of Cape Town remains suspended as the nationwide bus strike is still ongoing. “After nearly three weeks of strike action it is still unclear when the deadlocked wage negotiations will be resolved,” the City of Cape Town said in a statement on Sunday. MyCiTi commuters are requested to make […]

Suspended SARS Commissioner Tom Moyane has been served with disciplinary charges, the Presidency announced on Friday. This relates to alleged misconduct in violation of his duties and responsibilities in terms of the South African Revenue Service Act, Public Finance Management Act and SARS Code of Conduct. The Presidency said Monyane was served with the charges […]

Just a few days after retiring from politics, former African National Congress (ANC) Member of Parliament, Makhosi Khoza has been appointed as the head of the South African Organisation Undoing Tax Abuse (OUTA). The organisation announced on Friday that Khoza will be an executive director and head of its local government programme. Khoza says she is […]

Almost R1 million was allegedly spent on foreign travel trips for the wife of former South African Finance Minister, Malusi Gigaba… according to DA Shadow Minister of Finance, David Maynier. Maynier said in a press statement Thursday morning that while Gigaba was responsible for the implementation of cost containment measures in SA, and should have […]