The credit rating industry in Africa is dominated by the three international agencies: Moody’s, S&P and Fitch. Together they control an estimated 95% of the credit rating business globally. Credit rating agencies are institutions that assess a borrower’s creditworthiness in general terms, or with respect to a particular debt or financial obligation. A credit rating […]

The Department of Employment and Labour’s Inspection and Enforcement Services (IES) branch is today conducting an advocacy seminar in the Eastern Cape to create awareness of compliance with labour laws. The four-day seminar, which will be held at Hotel Savoy in Mthatha aims to create awareness on compliance with labour laws as well as to […]

THE THREAT OF UNEMPLOYMENT AND A PASSION FOR PERSONAL CARE LED TO THE ESTABLISHMENT OF A VENTURE WITH AMBITIONS FOR GLOBAL RECOGNITION. Refusing to accept that unemployment was her fate when her contract expired in 2018, Kedibone Segole (28) resuscitated a life-long passion she one day hopes to grow into a global brand. ALSO READ: South […]

Eskom has indicated that it prepares to kick off its prepaid meter recode initiative to all its customers around the country. SUCCESSFUL PILOT PROJECT PROPELS ESKOM’S NATIONAL PROJECT This follows a successful rollout of a pilot project in Gauteng where Eskom was able to recode 5 800 meters. “The current TID code will expire on 24 November 2024 […]

Local low-cost airline FlySafair has denied that one if its planes had to do an emergency landing at the OR T ambo International Airport in Johannesburg. The alleged incident happened on Monday, 19 June on a flight from Cape Town to Johannesburg. PASSENGER FEARS FOR THEIR SAFETY AFTER EMERGENCY LANDING One of the passengers who […]

A MOTHER’S EXCITEMENT OVER THE ARRIVAL OF HER NEWBORN BABY GIRL IN 2018 INSPIRED HER TO TRANSFORM OLD CLOTHES INTO MATCHING OUTFITS FOR HERSELF AND HER DAUGHTER. That marked the beginning of Dineo Cheonyane’s thriving venture, Reitu Hand Crafts. Cheonyane (32) credits her daughter for the motivation to start her business, which derives its name […]

THE PRESIDENTIAL YOUTH EMPLOYMENT INITIATIVE (PYEI) HAS IDENTIFIED SEVERAL PRIORITY INTERVENTIONS TO ACCELERATE PATHWAYS INTO THE ECONOMY FOR YOUNG PEOPLE OVER THE NEXT FIVE YEARS. The PYEI was announced by President Cyril Ramaphosa in 2022 as a multi-sector action plan directed at addressing South Africa’s youth unemployment challenge. It aims to increase job creation for […]

According to Forbes, Johann Rupert is now Africa’s richest man and here is a look into his business empire. For a long time, Ruppert had been among Africa’s richest men but could not replace Alico Dangote at the top. ALSO READ: Johann Rupert’s Remgro to sell stake in TotalEnergies SA The South African Billionaire seemed to have been […]

FLYSAFAIR WINS YET AGAIN It’s another win for local airline, FlySafair, as they’ve been awarded their third consecutive ‘Best Low-Cost Airline in Africa’ award at the Skytrax World Airline Awards 2023. The World Airline Awards, which occurs annually, are determined through a customer satisfaction survey conducted by Skytrax. Among the 80 major awards handed out […]

SMALL BUSINESSES MIGHT STRUGGLE TO MAKE SALES THROUGH SOCIAL MEDIA PLATFORMS IF THEY DO NOT KNOW HOW TO MARKET THEIR PRODUCTS AND SERVICES SUCCESSFULLY. The Small Enterprise Development Agency (Seda) recently held a webinar to address this challenge. ALSO READ: Small business owners listen up, Suzuki launches Eeco panel van for R199 900 The theme for […]

The City of Cape Town has secured €100 million in developmental finance towards its mega R43 billion medium-term infrastructure plans. Cape Town Mayor Geordin Hill-Lewis conducted the signing ceremony with the Agence Francaise de Developpement (AFD) today, 21 June, following Council green-lighting the finance in April. Cape Town has passed a record infrastructure investment budget […]

The South African Revenue Service (SARS) has confirmed that the start of the 2023 tax season will be Friday, 7 July at 20:00. The tax season will run until Monday, 23 October 2023 for individual taxpayers, and until Wednesday, 24 January 2024 for provisional taxpayers. As reported by The South African website, SARS will once again use its popular auto-assessments in 2023 which has proved successful in recent […]

Cape Town Mayor signed the dotted line for a €100 million (R2bn) loan from the Agence Francaise de Developpement (AFD) on Wednesday, 21 June. The money will be used in the City’s R43 billion infrastructure budget over the medium term. CAPE TOWN SECURES LOAN FROM AGENCE FRANCAISE DE DEVELOPPEMENT FOR WATER, SANITATION, AND URBAN MOBILITY PROJECTS […]

South Africa-born Elon Musk has extended his lead over France’s LVMH chairperson Bernard Arnault in the world’s richest person list. Musk, 51, who was born in Pretoria in South Africa, has seen his fortune skyrocket this year by $106 billion according to the Bloomberg Billionaires Index. ALSO READ | FAQ: SARS tax season – What must I do if I owe SARS money? […]

South African businessman Johann Rupert is now the wealthiest person in all of Africa. Last week, Forbes Magazine made the announcement after Rupert’s net worth rose to $12 billion (about R218 billion). The mogul now sits above Nigerian billionaire Aliko Dangote who previously held the title of Richest Person in Africa for 12 consecutive years. […]

Bombela Operating Company which operates the Gautrain has denied that it is scrapping housing allowances for workers as alleged by the National Union of Metalworkers of South Africa (NUMSA). Last week, NUMSA spokesperson Phakamile Hlubi-Majola said the company also wants to abolish the housing allowance which enables workers to access housing. GAUTRAIN DENIES SCRAPPING HOUSING ALLOWANCE […]

Since the Covid lockdowns, homeless people have been living outside The Castle of Good Hope, Cape Town’s oldest building, a popular tourist destination and city landmark. Their future is uncertain because of tensions between the City and national government, which owns the land. Cape Town mayor Geordin Hill-Lewis has warned that if the Department of […]

The Department of Social Development continues with its National Anti-Drug Awareness campaign at the Forensic Science Laboratory in Pretoria today. The outreach program across the country is part of the department’s efforts which seek to create safer and healthier communities through coordinated prevention efforts, treatment for substance disorders, and a reduction in the production and […]

The board of the National Lotteries Commission (NLC) has approved a reparation process that will lead to apologies and, in some cases, financial reparation, to former staff who were punished or driven out of their jobs for blowing the whistle on corruption. New commissioner of the National Lotteries Commission (NLC), Jodi Scholtz, says the Lottery […]

Somali shopkeepers in Philippi, Cape Town, closed their shops for almost 12 hours on Saturday. They say a new criminal syndicate turned up demanding that they pay a “protection fee” if they wished to continue trading. On Saturday Somali spaza shop owners in Philippi were forced to close up for the day by a new […]

The National Union of Metalworkers of South Africa (NUMSA) says it is outrageous that Bombela Operating Company which operates the Gautrain wants to abolish staff cards that allow workers to travel to and from work using the train for free. NUMSA which was engaging in wage talks has deadlocked with the Gautrain management. The union has also […]

The citizens of Hammanskraal, a small town north of South Africa’s capital, Tshwane, have been dealing with the deaths of 23 residents from cholera since 23 May 2023. Tests to find the source are continuing. The initial assumption by residents and authorities was that poor quality water led to the outbreak. In one week in […]

The taxi strike in QwaQwa in the Maluti-a-Phofung Local Municipality in South Africa, has now entered its fourth day… with an alarking escalation in violence. Tragically, two lives have already been lost, and several others have been injured. The strike has also brought the local economy to a grinding halt. “While we respect everyone’s right […]

It is common knowledge that the cost of air travel in South Africa has increased sharply since 2020. The onset of the Covid-19 pandemic has put added pressure on the global aviation sector. HIGHER AIRFARES The cost of air travel in South Africa has increased by up to 54% compared to pre-Covid 19 times for […]

South Africa’s Supreme Court of Appeal (SCA) has declared the Department of International Relations and Cooperation’s (DIRCO) controversial contract to build a new multibillion-rand diplomatic headquarters for SA’s diplomats in New York as unlawful. The DA had maintained that certain factions within the ANC deliberately protected senior politicians and officials involved in initiating this “corrupt […]