Clientèle challenges alarming increase in debit order reversals
Court documents show a nearly fourfold increase over six years. From Moneyweb. Insurer Clientèle has taken the Payments Association of SA (Pasa) to the Johannesburg […]
Month: September 2023
Why consumers seldom win in legal battles against the banks
Lenders can litigate until their customers run out of money. From Moneyweb. A Pretoria couple recently had a victory against FirstRand Bank (FRB) in the […]
Business’s fraying patience with Transnet
It’s reaching boiling point, with reports that the state-owned logistics operator is costing the economy R1bn a day. From Moneyweb. Last week, the Durban Chamber […]
End of an era as AngloGold Ashanti moves primary listing to New York
The move will give it access to cheaper capital and should improve its valuation. From Moneyweb. It’s goodbye Joburg and hello New York as JSE […]
Number of crypto millionaires nudges 90 000
About 5% of the world’s population are now reckoned to own cryptos. From Moneyweb. There are 425 million crypto users around the world, and of […]
Joburg’s inner city slum is out of control
Dozens of buildings have been identified as potential fire and safety hazards. From Moneyweb. Johannesburg’s inner city has been in the international news recently for […]
Beitbridge goes from worst to best border post in Africa
Where trucks used to queue for kilometres on either side of the border with Zimbabwe, now they are cleared in two to three hours. From […]
Luno and VALR Pay clients can now spend crypto at Pick n Pay stores
One can buy groceries, airtime, bus tickets, and pay municipal bills with bitcoin. From Moneyweb. Crypto exchanges VALR and Luno have partnered with CryptoConvert to […]
Bidvest cashes in at the expense of dysfunctional SOEs
Renewable product sales jumped 10-fold over the last year, while the Freight division made record profits. From Moneyweb. Bidvest’s results offer unique insights into the […]
Transnet dagger pointed at the heart of SA’s economy
The ports and rail operator will knock 5% off GDP in 2023, coming on top of a negative 6% in 2022. From Moneyweb. A study […]