Biz Fin Focus

Finance Trends 2018

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LaunchLab invites entrepreneurs to pitch startup ideas

The Stellenbosch University LaunchLab is inviting entrepreneurs to pitch their startup business ideas in multiple industries and stand the chance to win incubation support to the value of R50,000...

1 day ago

Tigo and Uber partner up in East Africa

Tigo Tanzania and Uber partner to offer exciting new offers to customers in Dar es Salaam, Tanzania...

1 day ago

Pick n Pay partners with Absa to introduce Grocery Stokvel Account

Pick n Pay and Absa have partnered to launch a new Grocery Stokvel Account to cater for groups saving for groceries or other store-bought essentials.

1 day ago

Working together to put blockchain into banking

Banks are grappling with blockchain, applying it to almost everything from digital identity to cross border payments...

By Danette Breitenbach 1 day ago

SA machine learning startup DataProphet secures Knife Capital funding

Cape Town-based machine learning startup DataProphet, which develops and implements product development solutions to a wide range of industries, has now received a multi-million dollar funding round from Knife Capital...

By Tom Jackson 1 day ago

The tax implications of 'fruitless and wasteful expenditure'

One of the proposals in the Budget Review 2018 (Budget) to preserve a sustainable tax base is to disallow fruitless and wasteful expenditure by government entities...

By Yashika Govind and Rudi Katzke 1 day ago

1% matters - how the VAT increase affects property sales

The power of one: a phrase that has been quoted in many a clichéd motivational poster, but one whose power has never quite been fully grasped - until now...

By Adrian Goslett 2 days ago

Sassa fails to get right the bare necessities

There are probably few things more fearsome than an enraged bear. But that was what the Constitutional Court appeared to be last week in proceedings when the South African Social Security Agency (Sassa) sought a further extension of the unlawful contract given to Cash Paymaster Services for the payment of social grants...

By Nicole Fritz 2 days ago

Naspers to sell up to 190-million of its Tencent shares

Naspers proposes to raise about R125bn by selling some of its Tencent shares, it said on Thursday...

By Robert Laing 2 days ago

Australian media firms fail in Rebel Wilson bid

Six Australian media companies seeking to join the battle against a record Aus$4.5 million (US$3.5 million) defamation payout to Hollywood star Rebel Wilson had their case knocked back on Thursday...

2 days ago

A stinging list of 'achievements' by Tom Moyane at Sars

Suspended SA Revenue Service commissioner Tom Moyane racked up a dubious list of "achievements" as head of the nation's tax collection authority, says investigative journalist Jacques Pauw...

2 days ago

AU launches ambitious bid for world's largest free trade area

Africa's leaders will gather in Rwanda on Wednesday to launch what they say will be the world's largest free trade area but Nigeria has already pulled out, highlighting the challenge in getting the continent to sign up...

20 Mar 2018

Hearings on Deloitte's African Bank audit start

Public disciplinary hearings into Deloitte's audit of African Bank Investments Limited (Abil) began on Monday, in what is the biggest case the Independent Regulatory Board for Auditors (IRBA) has handled since its formation in 2006...

20 Mar 2018

Only half of plastic bag levy has gone to support recycling

Only about half of the nearly R2bn raised through the plastic supermarket bag levy has been officially allocated to recycling...

By Guy Rogers 20 Mar 2018

#BizFinFocus: Where will regulation and blockchain meet?

What has regulators scratching their collective heads right now is understanding exactly what blockchain is, and where it slots in as an asset class...

By Danette Breitenbach 20 Mar 2018

Sars boss Tom Moyane suspended

In a late-night move, President Cyril Ramaphosa has suspended South African Revenue Service (Sars) commissioner Tom Moyane.

By Penwell Dlamini 20 Mar 2018

Dispelling retirement myths

Although they are usually dealt with as separate entities, risk planning and investment planning are intrinsically linked, as both are ultimately about income protection...

By Nicci Botha 19 Mar 2018

Sars refutes illegal VAT payments to Guptas

The South African Revenue Service (Sars) said it did not make irregular value-added tax (VAT) refunds to Gupta-owned Oakbay Investments...

19 Mar 2018

VAT hike could have been avoided if corruption had been cut, Judge Dennis Davis says

A hike in the value-added tax (VAT) rate, which kicks in at the end of March, could have been avoided, Judge Dennis Davis, chair of the Davis Tax Commission, said.

By Asha Speckman 16 Mar 2018

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Tower Property Fund launches TPF International

Tower Property Fund has announced the launch of TPF International, separate offshore company to be incorporated in Mauritius as a Category 1 Global Business Licence company, explains Marc Edwards, CEO of Tower. The company intends to list TPF International on the Stock Exchange of Mauritius and the JSE in due course.

16 Mar 2018

Steinhoff: mess began in central Europe

Steinhoff chairwoman Heather Sonn said it appeared that the group's "accounting irregularities" related largely to its central European business.

By Ann Crotty 2 Mar 2018

Hyprop buys two shopping centres in Croatia through co-owned Hystead

Hyprop Investments has continued its offshore push by acquiring an interest in two shopping centres in Croatia.

By Alistair Anderson 23 Feb 2018

"Financial advertising is far from boring": Cullinan SA on their Midas Award wins

While the advertising industry is cluttered with award shows, the Midas Awards that recognise the world's best financial advertising are ones to watch as this form of brand messaging is aimed at gaining the rarest kind of consumer trust imaginable. Here's how SA's own Cullinan agency recently proved its weight in gold.

By Leigh Andrews 15 Feb 2018

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