A complaint about a man threatening staff at a motor dealership quickly spiralled into an incident involving illegal guns, stacks of money and an ocean of booze. Three members of Cape Town’s “ghost squad” of undercover traffic officers…
A Gauteng fuel station fell victim to a motorist who filled up his tank and paid for it using fake bank notes before fleeing the scene over the weekend. In CCTV footage, a petrol attendant from Corgi Motors in Meyerton, south of…
The Southern Africa Labour and Development Research Unit created an income comparison tool to see how income is distributed across South Africa. Only 1% of individuals in South African households earn R48,753 or more per month. SALDRU…
Two lawyers and a retail manager allegedly embezzled R78m from the estate of an elderly woman who left everything in her will to an employee in Durban. The trio were arrested by the Hawks after relatives of the victim, who was from…
MARKET WRAP The JSE closed flat on Friday‚ but ended the week 2.58% lower‚ after neither global markets nor the rand gave the local bourse a clear direction. The all-share fell 0.08% to 52‚093 points and the top 40 lost 0.09%. Financials…
Mpumalanga businessman Gilbert Nkosi could not believe his luck when he received a call from President Cyril Ramaphosa’s office informing him of a R200m investment in his company. It was only later‚ after many e-mails and “official”…
The rand’s continuing plunge on Monday has been mostly due to emerging-market contagion based on events in Turkey‚ but other factors are conspiring to ensure the local currency is set for a turbulent few months. Global monetary policy…
The rand was firmer against major global currencies on Tuesday afternoon‚ bolstered by a trade surplus that was much better than expected‚ and by the global carry trade. The rand reached an intra-day best of R13.0797 to the dollar‚ on…
