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Image via: ‘Archive Photo.’ South African business has begun preparing for what looks to be another bumper Black Friday trading day, with sales predicted to be up 30% from last year, online largest payment service provider PayGate said on Tuesday.PayGate data shows Black Friday interest has rapidly increased in SASouth Africa has like several other countries adopted “Black Friday”, the informal name for the day after Thanksgiving in the United States which marks the beginning of the Christmas shopping season. This year, it will fall on November 29.Data from retail tracker Black Friday Global shows interest in Black Friday deals…
OR Tambo SEZ. Photo: Twitter/@ORTamboSEZThe Gauteng OR Tambo Special Economic Zone (SEZ) was created by the Gauteng Industrial Development Zone Company (GIDZ) which was founded in 2009 as a subsidiary of the Gauteng Growth and Development Agency (GGDA).It was established to develop and operate the designated Industrial Development Zone (IDZ) at OR Tambo International Airport (ORTIA). The international airport is one of Africa’s largest and busiest ones.The mission of the OR Tambo SEZGauteng IDZ CEO Seipati Mangadi explains the Special Economic Zone (SEZ) framework pic.twitter.com/CydobO55xA— OR Tambo Special Economic Zone (@ORTamboSEZ) July 30, 2019 The Gauteng OR Tambo Special Economic…
Photo: @CFOSouthAfrica / TWThe Finance Indaba Africa expo kicked off at the Sandton Convention Centre, where the continent’s most progressive finance professionals met for a day of learning, networking and beer chugging.What is Finance Indaba Africa?Finance Indaba Africa is a two-day conference that attracts world-class speakers from all over Africa and the world who lead discussions and programmes on finance, business and entrepreneurship.By the looks of it, things have kicked off to a great start. Scores of finance professionals shared pics and videos of the day’s ongoings.Coffee with Mr Murphy – Discover your inner maverick. Loved this session. "Take tiny…
Photo: EnvatoDavid Wilmot, 47, a Sunridge Park family man, was sentenced to 15-years in prison last week for running a Ponzi scheme. Wilmot took R23.2 million from unsuspecting investors.The criminal pleaded guilty to 153 counts of fraud and one count of contravening the Exchange Control Act. He also pleaded to one count of contravening the financial advisory and intermediary services act and one count of money laundering.Ponzi scheme operator lied to investorsWilmot lied to investors by asking them to pay him so that he could invest their money in foreign exchange markets. The Port Elizabeth Commercial Crime Court, regional magistrate…
Pixabay This Rand report is brought to you by Sable International The ZAR continued its downward streak on Monday and Tuesday as it followed other emerging market (EM) currencies lower. Tensions between the US and Turkey weighed down EM currencies, as Donald Trump threatened economic sanctions. The Rand’s downward trend continued on Wednesday when Eskom implemented stage 2 load shedding due to complications with several power stations. Wednesday also saw the release of weaker than expected retail sales, which also caused some short-term weakness in the ZAR. On Tuesday, the Rand broke the R19 to the Pound barrier and continued to…
Photo: Uber_RSAAfter years of fighting with Uber and Bolt drivers, Durban taxi owners are finally attempting to get their share of the e-hailing industry. However, their approach could leave a bitter taste in the mouths of potential customers.YoTaxi owners don’t want Uber and Bolt competition12 Durban taxi associations create their own e-hailing service YoTaxi will compete with Uber and Bolt.YoTaxi charges R7 per KM. pic.twitter.com/Xejltv7aep— Entrepreneur Zone (@SayEntrepreneur) October 21, 2019 KwaZulu-Natal taxi owners have warned Uber and Bolt drivers to stop operating in the province. Instead, they’ve offered the drivers incorporation into their service.The new e-hailing service has been named…
Deputy President David Mabuza delivers the keynote address at the official launch the TB Prevention Campaign with Amakhosi and TB Ambassadors at JL Dube Stadium in Inanda, eThekwini Municipality. The campaign seeks to mobilize Amakhosi and TB Ambassadors to join the national effort of rapidly Finding the Missing TB Patients and urgently link them to treatment and care. South Africa has committed to trace and find at least 80 000 Missing TB patients by December 2020 as part of its national efforts on 16 March 2019. Photo: Kopano Tlape GCISDeputy President David Mabuza updated Members of Parliament (MPs) on the…
Banks will remain open during he 21-day nationwide lockdown in South Africa. Photo: PexelsLooks like the online criminals have been busy on Friday. Just hours after the City of Johannesburg confirmed they were stung by a cyber attack, the same thing seems to have happened to the major banks of South Africa. Customers are experiencing delays and issues with transactions – and it just so happens to be payday for many of us.Banks targeted by “cyber attack”SABRIC, the South African Banking Risk Information Centre, have confirmed that the industry has been hit by a wave of ransom driven Distributed Denial…
Image suppliedIt is estimated by 2025, no fewer than 25 of the 48 countries that are expected to be facing water shortages will be African.According to Mannie Jnr. Ramos, CCO of Abeco Tanks, the world’s first bank for water, “This means that around 230 Million Africans will be living in water scarce areas, with another 460 Million in water stressed areas.” “When one considers that water is needed for success in agriculture, business, industry and mining – the pillars of the African continent’s developing economies – a water continuity plan is critical.” According to studies 70% of freshwater is used for agriculture…
Minister Tito Mboweni flanked by Deputy Minister Modli Gungubele and Director General Dondi Mogajane arrive in parliament for the Budget 2019 Speech [Photo: GCIS] Finance Minister Tito Mboweni has the unenviable task of delivering some hard truths on Wednesday, as he gives his second Mid-Term Budget speech. The ANC representative will set out the government’s fiscal plans for the immediate future, and some tough decisions have to be made in order to revive South Africa’s ailing economy.The alternative Mid-Term Budget planHowever, shadow Finance Minister Geordin Hill-Lewis reckons that any cuts or belt-tightening manoeuvres must be nothing short of ruthless. The…