Godongwana withholds July funds to Jhb, over 70 other municipalities
Over failures to address wasteful expenditure, unfunded budgets and municipal debt.
Venezuela recovers more bodies; quake death toll hits 3 535
The magnitude 7.2 and 7.5 earthquakes struck within a minute of each other on June 24, toppling buildings and severely damaging the country’s main international airport.
Abu Dhabi’s Adnoc to buy Shell’s South Africa fuel stations
The R16bn deal gives the UAE energy giant control of 580 Shell-branded fuel stations, with a 28% stake earmarked for a local empowerment partner.
Clicks at decade-low valuation: Buy or beware?
Analysis of what the successful business rescues of Murray & Roberts and Group Five mean for SA’s restructuring landscape, and whether elevated interest rates continue to pose a risk to local businesses.
Gold slips for second day as Hormuz tensions fan inflation fears
Spot gold fell 0.6% to $4 138.55 an ounce at 10:34 a.m. in Singapore.
4th of July: A muted celebration
For decades, US economic policy has been largely predictable. This is no longer the case.
Bonakele appointed chair of lottery commission board
Mpho Mosing, one of the top three candidates for the role, appointed to the board.
Prasa receives ‘unaffordable’ proposals for mainline passenger services
Air travel would be less costly.
Sars’s draft crypto tax guide is years late and lacks clarity in key areas
Crypto-to-crypto swaps are treated as barter transactions, triggering a tax event. The guide provides some clarity but is vague on staking, yield farming, airdrops and hard forks.
Investec spends R3m a year protecting its top two execs
These security services are viewed as necessary for their enhanced protection.