Business

[ad_1] By Lisa Isaacs 5h ago Share this article: SharecheepShareShareShareE-mailShare Cape Town: South Africans will adjust to a new reality today after the country moved to alert level 1 from midnight on Sunday. According to the Official Government Gazette published on Friday, everyone is confined to their home from midnight …

[ad_1] Kulula founder Gidon Novick will launch a new airline later in 2020 and has invited South Africans to name the new airline. The airline, which has been inspired by Uber, is a partnership between Novick and Global Aviation, a leading operator of Airbus A320 aircraft. The airline’s first flight …

[ad_1] South Africans have been invited to come up with a name for South Africa’s newest airline, which is expected to start flying by the end of the year. The airline, which is a partnership between Kulula founder Gidon Novick and Global Aviation, is inspired by innovative technology-driven companies like …

[ad_1] Global banks moved large sums of allegedly illicit funds over nearly two decades, despite red flags about the origin of the money, BuzzFeed and other outlets reported Sunday, citing confidential documents submitted by the banks to the US government. The media reports are based on leaked suspicious activity reports …

[ad_1] SARS has rejected a Gupta company treating the infamous Sun City wedding as a “business expense.” As part of a tax audit, SARS also found R105 million in previous payments through the same company that were allegedly falsely claimed as business expenses. The Guptas now face a tax liability …

[ad_1] In the next week, the government will determine where to find the more than R10 billion needed for the restructuring of South African Airways (SAA) and the start of the “new” SAA, according to Public Enterprise Minister Pravin Gordhan. Gordhan told Bloomberg that the government’s commitment is clear and …

[ad_1] (Photo: David Jones, Woolworths) Roy Bagattini has launched a triple strategy to turn David Jones’ fortunes around. For starters, shareholders will not be asked to inject more money into Woolworths or David Jones through a capital increase. And David Jones’ properties will be sold and his network of stores …

[ad_1] An anonymous group under the moniker MTILeaks released what it claims to be the full transaction history of Mirror Trading International (MTI), which has been accused of being a Ponzi scheme, a claim denied by the company’s management. MTI has yet to make a statement on the authenticity of …

[ad_1] IDC gains crucial access to financial records related to the Gupta family in New York. The records are potentially a game changer for South African authorities who have been trying to prove money laundering on a global scale. The Gupta family wants a compromise that the records will only …

[ad_1] By Opinion 9h ago Share this article: SharecheepShareShareShareE-mailShare By Sipho Mabaso The reaction of the ANC Gauteng to the metonymic corruption of the EPP demonstrates a confusion between party and state. It happened on Thursday, July 30, 2020. Two press conferences, one in the morning by the ANC Gauteng, …