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Photo, Video

14:38 Top5 on Fin24: Zuma blasted into space, and SA schools unaware of uniform guidelines

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09:00 PICS: An inside look at the $24m mansion a coffee company heir built

37

16:53 SA CEOs lose more sleep over economic woes than global peers

113

06:25 WATCH: Putting the squeeze on the wealthy

29

Business

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  • Microsoft says it's true: Cat videos distract workers

    06 February 2018 6:44 AM 37

    London - Economists have been puzzled in recent years by the so-called "productivity paradox", the fact that the digital revolution of the past four decades hasn’t resulted in big gains in output per worker as happened with earlier technological upheaval. Many developed economies have actually seen productivity stagnate or decline. A survey from Microsoft

  • SA wins high score for budget transparency

    01 February 2018 1:37 PM 50

    Harare - South Africa has top ranking together with New Zealand on the transparency of its budget processes, according to the Open Budget Survey 2017. According to the survey, conducted by International Budget Partnership (IBP), South Africa provides the public with extensive budget information and scores 89 out of 100. While the country ranked highly

  • SA gets lowest score in Africa on global secrecy index

    01 February 2018 8:48 AM 50

    Harare - South Africa has come out at number 50 out of 112 countries on the 2018 global Financial Secrecy Index (FSI). The FSI ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. It is used as a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, and illicit financial

  • December trade surplus best in 27 years

    31 January 2018 7:00 PM 37

    Johannesburg - South Africa recorded its biggest trade surplus in least 27 years in December as imports of equipment components, electronics and chemical products dropped. The R15.7bn surplus compares with November’s R13.1bn positive balance, the South African Revenue Service said in an emailed statement on Wednesday. It’s the 11th straight month of surpluses

  • Eskom's Sean Maritz suspended

    31 January 2018 11:19 AM 49

    Johannesburg - Eskom chief information officer Sean Maritz has been suspended pending an investigation into allegations of impropriety, the power utility said on Wednesday. “He was placed on temporary suspension last Friday, which has now been converted into a permanent suspension,” according to a tweet by Eskom spokesperson Khulu Phasiwe. The former

  • Capitec share price firms as it hits back at Viceroy 'loan shark' report

    30 January 2018 8:30 PM 53

    Cape Town - The share price of SA bank Capitec, which at one stage on Tuesday morning was down 20%, ended the day only 2.96% weaker after steadily strengthening over the afternoon. The bank’s leadership spent much of Tuesday afternoon in conference calls with shareholders and media interviews to push back at a report by US short seller Viceroy Research

  • WATCH: Adapt IT reports turnover increase to R674m

    30 January 2018 8:00 PM 37

    Johannesburg - JSE-listed software company Adapt IT reported a 46% increase in turnover to R674m for the six months ended December 31 2017 with organic growth from continuing operations being 17% and acquisitive growth contributing 35%. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 29% to R116m, while profit before

  • More artists accepting cryptocurrencies as payment for albums

    29 January 2018 7:00 PM 38

    Johannesburg - US rapper 50 Cent recently became a Bitcoin millionaire, after he allowed people to buy his album with bitcoin and left it unused, in an age where more artist are allowing fans to buy music with cryptocurrencies. Icelandic singer, Bjork also welcomed fans to purchase her album with cryptocurrencies including litecoin, dash, and AudioCoin

  • Tribunal approves merger of Steinhoff subsidiary

    29 January 2018 5:23 PM 41

    Cape Town - The Competition Tribunal said on Monday it has conditionally approved a merger whereby Unitrans Automotive, wholly owned by troubled SA retail group Steinhoff International Holdings, acquires Action Ford’s vehicle dealership business. In June last year Steinhoff consolidated and restructured the Unitrans Automotive Group's operations by moving

  • Warning that SA is still at risk for bird flu in 2018

    28 January 2018 4:00 PM 47

    Durban - After being devastated by highly pathogenic avian influenza (H5N8) - or bird flu - outbreaks in 2017, South Africa’s poultry industry, which includes domestic fowl such as chicken, geese and ducks, could face another wave of outbreaks in winter 2018, warn industry officials. According to Bomikazi Molapo, spokesperson for the Department of Agriculture