by Ciaran Ryan | Nov 1, 2024 | Uncategorized
It has less to do with crypto speculation than hedging against weakening local currencies. From Moneyweb. It might not be long before those earning rands start asking employers to pay them in US dollar stablecoins instead. Image: AdobeStock The rand may have notched...
by Ciaran Ryan | Nov 1, 2024 | Uncategorized
Mzukisi Ndara bought a used car but was charged for a new one, as well as extras he did not want. He’s written a book about it, and vows to fight on – arguing that under common law, ‘fraud unravels all agreements’. From Moneyweb. A ‘Dickensian tale’ is how retired...
by Ciaran Ryan | Nov 1, 2024 | Uncategorized
The Road Freight Association disputes claims that Transnet has improved performance at the Durban container port. From Moneyweb. Durban Container Terminal 2 at the Port of Durban, the busiest container terminal in the country. Image: Supplied The Road Freight...
by Ciaran Ryan | Nov 1, 2024 | Uncategorized
The briefings cost the state broadcaster more than R20m, helping keep the Guptas media empire afloat. From Moneyweb. Ajay Gupta (left,) and brother Atul. Image: Martin Rhodes/Gallo Images President Cyril Ramaphosa has ordered the Special Investigating Unit (SIU) to...
by Ciaran Ryan | Nov 1, 2024 | Uncategorized
The bank has decided to block electronic fund transfers to crypto exchanges, urging customers to use its more expensive Capitec Pay app instead. From Moneyweb. Reaction to the bank’s ‘Orwellian prescription’ of how its clients spend their money wasn’t long in coming....
by Ciaran Ryan | Nov 1, 2024 | Uncategorized
This week the Pretoria High Court provisionally sequestrated his personal estate and that of his family trust. From Moneyweb. Businessman Roux Shabangu. Image: JB Holdings website Businessman Roux Shabangu’s run of bad luck with the taxman continued this week. The...
by Ciaran Ryan | Nov 1, 2024 | Uncategorized
The country can no longer afford this astonishing record of failure. From Moneyweb. Two recommendations: Place SOEs under National Treasury and take ports away from Transnet (rail trips fell from 54m per month in 2008 to 1.7m in 2022). Image: Shutterstock The ANC...
by Ciaran Ryan | Oct 16, 2024 | Uncategorized
It’s being contested by the losing bidder in court. The bigger issue is how to effectively restructure the entire Transnet monopoly. From Moneyweb. Government has approached Transnet’s restructuring in a ‘piecemeal fashion’. The court challenge...
by Ciaran Ryan | Oct 16, 2024 | Uncategorized
But FSCA says its investigations into the company continue. From Moneyweb. SA is not part of the settlement agreement, but locals who invested in the scheme can apply for a refund – of their initial capital, without any promised returns. Image: Shutterstock...
by Ciaran Ryan | Oct 16, 2024 | Uncategorized
Thanks to bureaucratic bungling that could push prices up and put some importers out of business. From Moneyweb. Conundrum: Police break container seals to inspect imported goods, only for veterinary inspectors to reject those same goods because they find the seals...
