[Nicky Smith] State-owned regional carrier South African Express (SAX), which has made headlines over the past two years because of its chaotic finances, expects to break even this year after losing R187m in 2010 - the last audited accounts the troubled airline has been able to publish.
21 May 2013 11:16
The High Court of South Africa in Pretoria has approved the amalgamation of the two main long-term insurance licences of the MMI Holdings.
21 May 2013 11:02
Credit retailers' share prices came under varying degrees of pressure in the wake of African Bank's warning over soaring bad debts. This has brought into focus the potential of credit retailers being vulnerable to higher levels of bad debt among borrowers.
20 May 2013 07:17
Absa has launched a multi-currency Cash Passport that enables South Africans to carry multiple foreign currencies safely on just one card. Representing the future of travel prepaid cards; it allows cardholders to load multiple currencies on the same card with the global reach of MasterCard, accessing 35.9 million locations worldwide.
16 May 2013 10:08
Transport utility Transnet has concluded a two-year wage agreement for bargaining unit employees‚ it said on Wednesday (15 May).
16 May 2013 08:27
[Ntsakisi Maswanganyi] The expected slowdown in retail sales in March was confirmed when Statistics SA (Stats SA) released its official figures on Wednesday (15 May).
16 May 2013 07:30The Coface Group, a worldwide leader in credit insurance, has released its latest report on South African growth prospects, taking into account the mining and export slumps. Overall, economic activity remains generally sluggish while upside risks to inflation have increased due to a weaker rand. Coface believes that this will persuade the Monetary Policy Committee to keep policy neutral over an extended period, with interest rates remaining unchanged for most of 2013. A reversal in policy easing is likely only late in the year or even in 2014.
15 May 2013 14:50
In March, The Times reported that corrupt doctors, pharmacists, physiotherapists, radiologists and pathologists were ripping off medical schemes to the extent of about R22bn a year. The sector disputes the figure, saying correct estimates point to half that amount.
13 May 2013 11:42Striata SA
[Issued by Striata SA] Striata has announced its certification of the Payment Card Industry Data Security Standard (PCI-DSS), for its Grade 1 infrastructure in the UK.
10 May 2013 11:06 
[Amanda Visser] The latest fraud survey by the international professional services group Ernst & Young shows that more than 42% of board directors and senior managers are aware of some type of irregular financial reporting in their companies.
8 May 2013 10:09
[Ntsakisi Maswanganyi] Consumers continued to feel financially exposed in the first quarter of this year amid the rising cost of living and inflation‚ the latest Consumer Financial Vulnerability Index released on Tuesday (7 May) showed. The index is compiled by Unisa's Bureau of Market Research (BMR) and sponsored by MBD Credit Solutions.
8 May 2013 09:40
[TJ Strydom] The SA Revenue Service (SARS) has been given new powers to gather intelligence on taxpayers and collect revenue, it was reported on Tuesday (7 May).
7 May 2013 12:58
The Quarterly Labour Force Survey, released by Statistics SA (Stats SA) on Monday (6 May) showed that 100,000 people lost their jobs in the first quarter of this year. The number of unemployed people now stands at 4.6m, equivalent to 25.2% of the working population.
7 May 2013 10:13
[Helmo Preuss] Credit information services company Experian SA found that more than 2-million South Africans could be affected by a proposed credit information amnesty that seeks to provide relief to indebted consumers and improve their access to credit.
7 May 2013 09:55
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