Shadow bankers: ‘Paying fines has become a cost of doing business’

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A round-up of today’s news including the repercussions of Shosholoza Meyl suspending its services, how ‘shadow bankers’ are powering organised crime in SA and the cost of neglecting mental health in the workplace.

10 Oct 2024 3AM English South Africa Business News · Politics

[TOP STORY] Record 508 parties registered as IEC presses for election date clarity

‘The number of parties, if they all meet the requirement to contest, means we must place a very unwieldy ballot booklet in front of the voter,’ says IEC deputy chief electoral officer, Masego Sheburi.

12 Mar 6AM 7 min

Oil turmoil hits SA skies as FlySafair adds fuel surcharge

508 parties registered – 2026 elections set to become SA’s most expensive yet. Study shows most social grant fraud is linked to officials, not beneficiaries. And what foreign property owners should know about SA’s latest tax changes.

12 Mar 3AM 34 min

[TOP STORY] Mounting car recalls raise questions about manufacturing quality

‘The problems are not being picked up at the earliest point before the cars get sold to the market…a lot of the problems are actually being picked up through diagnostics after it's been sold,’ says Phakamisa Hlubi-Majola, spokesperson for the Motor Industry Staff Association.

11 Mar 6AM 9 min

What SA’s changing retirement system means for your savings

Are rising vehicle recalls hurting dealership credibility? Activists warn that a ‘short-sighted’ budget risks locking SA into a fossil-fuel future. And Stats SA unpacks latest GDP results.

11 Mar 3AM 34 min

[TOP STORY] Nearly 4800 kidnappings in three months as Gauteng leads national surge

‘If you are a business owner, they know exactly how much money you make. That's why they do their research to make sure that they will take you for that,’ says Ruan Vermaak, communication manager at CrisisOnCall.

10 Mar 6AM 7 min