business

News24 Business | Third-quarter unemployment rate decline outstrips expectations

South Africa's unemployment rate fell by more than expected in the third quarter, declining by 1.4 percentage points to 32.1%.




business

News24 Business | Johan Fourie | Could AI topple South Africa’s science funding? Yes, and that is a good thing

At present we reward quantity, not quality. The door could be opening for that to change, argues Johan Fourie.




business

News24 Business | Hannes Viljoen | Money is personal - just don't let that cost you

It's unrealistic to expect anyone to invest totally dispassionately. But there are ways to transform risk, writes Hannes Viljoen.




business

News24 Business | 'Enough': Fed-up Exxaro says Transnet must meet industry 'halfway' amid crisis

The miner says Transnet knows full well where its own inefficiencies lie and it needs to start addressing these.




business

News24 Business | Nick Hedley | How to fix SA's broken education system

In South Africa, an astounding 81% of Grade 4 pupils can't read for meaning. It's time we looked at approaches in other markets that have clearly delivered results, says Nick Hedley.




business

News24 Business | INSIDE LABOUR | Remember the heroes who fought for justice on the rugby field

The combined efforts of trade unions, activists and other heroes over decades paved the way for the glory of the latest Bok win, writes Terry Bell.




business

News24 Business | Sikonathi Mantshantsha | The ANC - and the ANC only - is responsible for the electricity crisis

The ANC is fully and entirely responsible for the crisis of electricity in South Africa for the past 17 years, and electricity minister Kgosientsho Ramokgopa knows it, says Sikonathi Mantshantsha.




business

News24 Business | Khaya Sithole | Here's why white-collar crime continues to pay in SA

Concerningly for South Africa, the question of whether our laws and regulations provide sanctions and penalties that are commensurate to the harm caused by white-collar criminals remains a matter of contested viewpoints, writes Khaya Sithole.




business

News24 Business | Sikonathi Mantshantsha | KPMG/VBS saga shows SA's fortunes are better in hands of SARB than NPA

Our freedom, and fortunes as a nation, lie with the likes of the independent and professional men and women as those at the head of the SA Reserve Bank, and very much unlike those at the NPA.




business

News24 Business | amaBhungane | SARS blocks access to Zuma's tax records, again

SARS continues to deny amaBhungane and the Financial Mail's requests for access to former president Jacob Zuma's tax records despite the seminal judgment of the Constitutional Court handed down in May 2023.




business

News24 Business | Carol Paton | Budget 2024: Enoch cuts while Cyril fiddles

Another budget and a bigger debt mountain to climb than ever before. Can Finance Minister Enoch Godongwana change the trajectory? writes Carol Paton.




business

News24 Business | GCIS defends R7 million spend on 'social reality' TV show amid opposition criticism

Despite criticism of electioneering, the Government Communication and Information System (GCIS) has defended its R7 million social-reality television show.




business

News24 Business | Khaya Sithole | SAA deal: a lesson in failure to launch

SAA now remains firmly in state hands - a state that it insists it can no longer provide the type of capital support it desperately needs. Who should feel vindicated? asks Khaya Sithole.




business

News24 Business | BOOK REVIEW | Why many time management tricks don't work (and one that does)

Most time management strategies are dropped as quickly as they are picked up for one key reason: insight is so much more important than theory, says Ian Mann. And this author's insight is invaluable.




business

News24 Business | Johan Fourie | Why Cape Town should host the 2040 Olympic Games

Scholars have identified several reasons why cities want to host the Games, and there's little evidence to support some of the claims. But that doesn't mean it's not worth doing, says Johan Fourie.




business

News24 Business | Khaya Sithole | We need to talk about consultants who prop up municipalities

In the latest Auditor-General report, what stands out is persistent underperformance and the level of desperation in local governments. Reliance on consultants who don't solve the underlying problem is no longer sustainable, says Khaya Sithole.




business

News24 Business | Why pre-authorisation doesn't mean your medical scheme will pay your bills

Many medical scheme members mistakenly believe obtaining pre-authorisation for a procedure or treatment means their claims will be paid in full.




business

News24 Business | OPINION | Know who to trust with your money - and when

When you don’t know how financial products or services, such as the two-pot retirement system, it is easy to become mistrustful. Unfounded mistrust can cost you, but knowing the basics can help you make the most of what is available. Laura du Preez explains.




business

News24 Business | EXPLAINER | What to do when someone can no longer manage their finances

An illness, accident or aging can take away a person’s ability to manage their own affairs.




business

News24 Business | Medical schemes: What you need to know about pre-authorisation

Pre-authorisation does not guarantee payment of your claim but it does help prevent claims that are denied or short-paid.




business

News24 Business | EXPLAINER | How a creditor can claim 25% of your salary

If you are unable to settle a debt after a creditor obtains a court judgment against you, the creditor may seek an emolument attachment order.




business

News24 Business | EXPLAINER | How to invest in gold

Gold remains at record highs, but there are various ways to get exposure to the metal that are less cumbersome and more investor-friendly than holding physical gold.




business

News24 Business | Why SA families dealing with dementia have to 'busk it'

Legislation that could assist a rapidly growing number of South African families deal with relatives living with dementia who have lost the mental capacity to manage their finances is missing in parliament.




business

News24 Business | EXPLAINER | Why multi-managed funds are a bit like soccer or rugby teams

Gold remains at record highs, but there are various ways to get exposure to the metal that are less cumbersome and more investor-friendly than holding physical gold.




business

News24 Business | Your money and your brain: How to make decisions from your prefrontal cortex

Roddy Carter, a US-based doctor who is now a personal coach, says using neuroscience to understand the brain can help you to gain personal mastery. Carter spoke at the recent Humans Under Management conference, writes Laura du Preez.




business

News24 Business | EXPLAINER | Why you should say no to (savings) pot

Early withdrawals reduce the overall value of your retirement savings, which will have a significant impact on future retirement income.




business

News24 Business | EXPLAINER | How to spot a fake financial services company

If you are uncertain whether you are dealing with a scammer, use these checklists to see your potential risk profile, and warning signs of possible scams.




business

News24 Business | Why passive funds are more popular in the US than in SA

Managers are taking different views on their exposure to offshore equity, to credit and to private equity.




business

News24 Business | More than 50% of unhappy medical scheme members win their case at regulator

Complaints about denied claims often concern the treatment the scheme will cover for a prescribed minimum benefit.




business

News24 Business | Business brief | Mondi shutters fire-hit Bulgarian mill; Mercedes' profits plunge

An overview of the biggest business developments in SA and beyond.




business

News24 Business | OPINION | Matriculants' other big test - how they'll manage their money

Ensuring and tracking your financial progress, no matter what path your life takes, is easier than navigating careers or relationships. But good habits have to be set up early, says Laura du Preez.




business

News24 Business | GEPF two-pot frustrations: After two months, some withdrawals still not processed

Delays in the payment of withdrawals from the two-pot retirement system have led members of the Government Employees Pension Fund to voice their concerns on social media.




business

News24 Business | Money questions? Answered | Don't fall for this car financing sales trick

Gone are the days when a cash offer got you a better price, writes Maya Fisher-French.




business

News24 Business | Maya on Money | How to avoid excessive executor fees

There are ways to reduce the cost of death, writes Maya Fisher-French.




business

News24 Business | WATCH | Ramaphosa meets with Musk in New York to discuss SA opportunities

President Cyril Ramaphosa met with Tesla and SpaceX founder and CEO Elon Musk in New York to discuss investment opportunities in SA, the Presidency said on Tuesday.




business

News24 Business | Kenya court rules Meta can be sued over layoffs by contractor

A Kenyan court ruled on Friday that Facebook's parent company Meta could be sued in the East African nation over the dismissal of dozens of content moderators by a contractor.




business

News24 Business | Many Wall Street executives are worried about Trump but wary of Harris

Many executives have reservations about backing either candidate in the US presidential election.




business

News24 Business | East Germany's Mozambican workers in fresh push for lost pay

Berlin must compensate Mozambicans who were not paid for working in the former East Germany, the top official in charge of atoning for the injustices of the communist dictatorship said on Monday.




business

News24 Business | What next for OpenAI after R2.7-trillion bonanza?

ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round. The company now faces the challenge of delivering on its promise to become the next Apple or Google.




business

News24 Business | Tencent, Guillemot family said to consider buyout of Ubisoft

Tencent Holdings and Ubisoft Entertainment SA's founding Guillemot family are considering options, including a potential buyout of the French video game developer, after it lost more than half its market value this year, according to people familiar with the matter.




business

News24 Business | How secondhand clothes took Zimbabwe by storm - and hammered retail

The country’s clothes manufacturers are taking a beating from imported ‘preloved’ clothes and a struggling economy.




business

News24 Business | Emirates bans pagers, walkie-talkies onboard after Lebanon blasts

Dubai-based airline Emirates has banned pagers and walkie-talkies onboard its planes following sabotage attacks in Lebanon, and extended flight cancellations for Middle East destinations due to regional escalation.




business

News24 Business | Global food prices rise at fastest rate since 2022

Global food prices rose in September at their fastest rate since March 2022, with sugar prices surging as dry weather and fires damaged Brazilian sugarcane crops, the Food and Agriculture Organization said Friday.




business

News24 Business | Zimbabwe central bank chief says ZiG 43% devaluation is 'once-off' event

Zimbabwe sought to assure citizens that its gold-backed currency would not suffer another steep devaluation and steps were being taken to assure its defence.




business

News24 Business | Nobel economics prize goes to researchers of prosperity

US-based academics Daron Acemoglu, Simon Johnson and James Robinson won the 2024 Nobel economics prize "for studies of how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said on Monday.




business

News24 Business | Is China’s new stimulus enough to revive its economy?

China is trying to revive its economy from a COVID-era slump, but is it doing too little, too late?




business

News24 Business | Musk's millions: Five ways the world's richest man helps Trump

In an extraordinary twist that has upended an already unpredictable election, the world's richest man has become Donald Trump's most influential supporter in his bid to return to the White House.




business

News24 Business | Indonesia adds Google Pixel phones to ban list with iPhone 16

Indonesia has banned the sale of Google Pixel phones over the tech giant's failure to meet investment regulations, its industry ministry said, days after blocking sales of Apple's iPhone 16.




business

News24 Business | Kenya reintroduces tax reforms with new deputy president

Kenya plans to re-introduce some of the tax hikes that sparked deadly protests earlier this year, the government announced Friday, while a new deputy president was sworn in after weeks of drama.




business

News24 Business | India's festive gold buying spree continues, defying record price

Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday, hoping bullion would continue to rally and deliver promising returns amid a cooling stock market, industry officials told Reuters.