Capitec and Ninety One FICA fines imposed by regulators
Capitec Ninety One FICA fines follow regulator inspections into client due diligence. What the penalties cover and what the law actually demands.
Latest in Business
Technology
SAP completes Prior Labs acquisition in AI data bet
SAP Prior Labs acquisition is complete: over €1 billion will scale the German startup's tabular foundation models for structured business data.
Technology
Apple tops Nvidia as world’s most valuable company
Apple tops Nvidia as the world's most valuable company after a volatile session, closing near $4.88 trillion as it barrels toward a $5 trillion valuation.
Technology
OpenAI floats a 5% stake for the US government
OpenAI is weighing a 5% government stake worth about $42.6 billion, part of Sam Altman's plan for an Alaska-style public fund fed by top AI labs.
News
Franchise market inquiry looms for South African franchisors
A franchise market inquiry is looming for South Africa's near R1 trillion franchise sector, with the Competition Commission probing ownership and fairness.
International
Paramount Warner Bros merger approved by regulators
The Paramount Warner Bros merger has won US regulatory approval, clearing David Ellison's $111 billion swoop for HBO, CNN and the Warner film studio.
Technology
SpaceX IPO retail orders smash records before Nasdaq debut
The SpaceX IPO drew over $70 billion in retail orders before its Nasdaq debut. What record demand means for the biggest listing ever.
News
GameStop makes $56 billion unsolicited bid to buy eBay in move to rival Amazon
GameStop has made a $56 billion unsolicited bid to buy eBay, offering $125 per share in a deal CEO Ryan Cohen says could build a serious rival to Amazon.
Technology
Amazon accused of price-fixing scheme that raised costs for consumers globally
California's AG released unredacted evidence that Amazon pressured brands to raise prices on rival platforms, and South African Amazon.co.za shoppers are not insulated.
Lifestyle
How to win marketing tenders: A complete guide
inning marketing tenders is not just about writing a good proposal, but it is also about preparation before bidding, building relationships with clients, and showing your worth.
News
Paramount goes hostile in $74bn bid for Warner Bros Discovery, escalating takeover fight with Netflix
The Paramount Warner Bros Discovery takeover battle has turned hostile as Paramount bypasses the board with a $74bn cash offer that challenges Netflix’s deal.
News
Elon Musk breaks new record after Tesla approves $1 trillion payout
Elon Musk has made history once again after Tesla shareholders approved a record-breaking $1 trillion compensation package for the CEO, marking the largest payout ever granted to a corporate leader.
News
WeBuyCars share price spells doom for controversial car dealer
The WeBuyCars share price plunged more than 12% on Tuesday morning after the company warned investors that its earnings growth slowed in the second half of its financial year.
News
Murray & Roberts Holdings’ liquidation marks the end of a 123-year legacy
The Gauteng High Court has granted a final liquidation order against Murray & Roberts Holdings, marking the end of a 123-year-old South African construction and engineering giant.
Technology
Amazon set to initiate largest job cuts in company’s history
Amazon is preparing to cut up to 30,000 corporate jobs this week, marking its largest round of layoffs as the company seeks to reduce costs and streamline operations.
News
Why FirstRand splurged on a Dubai-based fintech company
FirstRand has acquired a 20% stake in Optasia, a Dubai-based fintech company working with MTN, Vodacom and Standard Bank in South Africa, ahead of its upcoming JSE listing.
News
Shoprite exits Africa’s market with plans to expand in SA
Shoprite, South Africa’s biggest grocery retailer, is closing its stores in Ghana and Malawi as part of a long-term plan to focus on growth within South Africa.
Gaming
Electronic Arts goes private after $55bn acquisition
Video game giant Electronic Arts (EA) has been acquired in a $55 billion deal, marking the biggest all-cash private takeover in history.
News
Walmart in South Africa: America’s biggest retailer is coming to Mzansi
Walmart, the world’s largest retailer, has confirmed plans to open branded stores in South Africa later this year, promising low prices and local partnerships.
News
Spur set to lose millions in GPS Food dispute
An arbitrator has ruled against Spur Corporation in its multi-million rand legal fight with GPS Food Group, with the restaurant franchisor now facing possible damages worth more than R100 million.
News
US tariffs come into effect: Ramaphosa holds crunch talks with Trump
President Cyril Ramaphosa and Donald Trump discussed trade ahead of new US tariffs that could hurt South African exports and retail businesses.
Viral News
Who is Phuthi Mahanyele-Dabengwa? – Get to know the woman behind the R240m Naspers stock frenzy
Phuthi Mahanyele-Dabengwa sold R240 million in Naspers shares to settle taxes and expenses.
News
South Africa lays out plans to soften the blow on 30% tariff
South African businesses are feeling the impact of the new 30% tariff imposed by the United States, and the government has introduced a multi-part plan to protect local industries and jobs.
Viral News
American Eagle stock soars after Trump praises Sydney Sweeney
American Eagle stock climbed sharply after former U.S. President Donald Trump reacted positively to an ad campaign featuring actress Sydney Sweeney.
News
MultiChoice tests new strategy in a bid to save DStv Stream
DStv Stream faces uncertain future as MultiChoice tests new strategies to stop subscriber losses and grow its streaming platforms.
News
Government welcomes reduction in repo rate
Addressing a media briefing on the MPC’s decision on the repo rate, SARB Governor Lesetja Kganyago said the decision to reduce the policy rate was unanimous.
Lifestyle
Three essentials for turning your hobby into a profitable home-based business
Discover the three key elements you need to transform your hobby into a successful home-based business, including mindset, determination, and a proven system.
Lifestyle
How can you benefit from business consulting services?
People often approach business consulting services as they benefit their company’s growth. Read the blog to learn how.
