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16 January 2019 9:22 AM LIVE: Ex-Bosasa COO Agrizzi sworn in, takes the stand in #Statecaptureinquiry

A senior former Bosasa executive has threatened to blow the whistle on "racketeering, corruption and money laundering that I have been aware of over the last 18 years". Angelo Agrizzi, the former chief operations officer of the controversial Bosasa group of companies, announced his decision in a press statement sent to various media houses and Bosasa's 97

15 January 2019 10:38 AM 'Baby Shark' driving you crazy? Creator warns penguins are next

"Baby Shark (Doo Doo Doo Doo Doo Doo)" is the YouTube sensation that’s been viewed more than 2 billion times and made the Billboard Hot 100 chart last week as its top new entrant. The jingle has also become such an earworm that late-night-show host Jimmy Kimmel proposed throwing those responsible in jail for life. Love or hate it, the South Korean company 65

08 January 2019 9:37 AM India is getting what SA viewers have been asking for: Pick your own TV channels

Cape Town – A quiet but dramatic change is coming to India and it’s something that South Africa's pay-TV subscribers have been clamouring for. From 1 February India's satellite pay-TV customers will get to pick and only pay for the TV channels they want – but there are some catches. The hope is that pay-TV subscribers in India will be paying less for their 79

30 December 2018 2:17 PM City of CT to act against security company, #ReclaimClifton protesters

The City of Cape Town will lay a formal complaint against private security company PPA with the Private Security Industry Regulatory Body (Psira) on Monday following reports that the company illegally removed people from Clifton Fourth beach on December 23. Protesters descended on the beach on Friday, slaughtering a sheep in what they termed a "cleansing 35

29 December 2018 10:54 AM WATCH: Protesters #ReclaimClifton as sheep slaughtered on beach

Cape Town's popular Clifton Fourth Beach was abuzz with both local and foreign beachgoers on Friday when #ReclaimClifton protesters arrived and started singing. Their presence was motivated by the recent reports suggesting that private security company PPA Security illegally removed people from the beach on the evening of December 23. Deputy Minister 105

22 December 2018 1:23 PM Banks stuck with $1.6bn of unsold loans amid market rout

A rout in the once-hot market for risky corporate loans has some of Wall Street’s largest banks stuck with at least $1.6bn of unwanted leveraged buyout debt. Banks including Barclays Plc, Goldman Sachs Group Inc. and Bank of America Corp. -- among the top providers of loans for LBOs -- have struggled in recent weeks to sell loans they’ve agreed to make for private 60

20 December 2018 8:28 PM KZN mayor denies she is corrupt, vows to take legal action against the media

The mayor of eThekwini in KwaZulu-Natal says she is not the corrupt leader she is perceived to be. Hitting back at the media for "ongoing campaigns aimed at creating an impression that she is a corrupt leader who is influencing the awarding of tenders", Zandile Gumede said she took serious exception to claims made. "I have noticed that some newspapers 47

18 December 2018 10:03 AM Naspers becomes largest firm to list on A2X exchange

Naspers [JSE:NPN] announced on Tuesday that its shares have been approved to trade on the local A2X stock exchange as a secondary listing with effect from December 27, 2018. The global media giant, which is the third largest company by market capitalisation on the Johannesburg Stock Exchnage, said its primary listing on the JSE would be unaffected 38

15 December 2018 12:03 PM Moyane 'seized control of SARS as if it was his to have'

Governance at the South African Revenue Service (SARS) was “dismantled” under axed Commissioner Tom Moyane, the Nugent Commission of Inquiry has found. Senior managers were driven out or marginalised and those appointed by Moyane to replace them were compliant to his demands, according to the Commission's final report into SARS, which was handed over to President 37

14 December 2018 1:55 PM SA chief of US Centres for Disease Control appears for 'complex' fraud case

The South African branch chief of the United States Centres for Disease Control and Prevention is not the only accused in a hefty fraud and corruption case involving more than R25m, it emerged this week. Alfred Bere, 36, dressed in a smart suit, made his second appearance in the Cape Town Magistrate's Court on Thursday after being arrested in August 33