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Claims against Steinhoff uncover revolving tangle of dodgy deals
Claims against Steinhoff uncover revolving tangle of dodgy deals

The Steinhoff International management stands accused of cooking the books to hide losses and inflate earnings. But what exactly might it have done and how?

By Hanna Ziady 1 day ago

Cash payments still rule informal trade
Cash payments still rule informal trade

According to Mastercard research, around 96% of transactions are still conducted in cash among South Africa's 1.5 million informal enterprises, despite strong interest in digital and card payments by consumers.

1 day ago

Photo: TimesLive
If convicted, directors could be fined R1m each or be imprisoned for 10 years

Embattled Steinhoff executives face hefty prison sentences and fines if allegations of multibillion-dollar accounting fraud are proven true.

By Graeme Hosken and Katharine Child 2 days ago

Naspers makes cutting its stock's discount a priority
Naspers makes cutting its stock's discount a priority

Naspers was taking measures to reduce its stock's significant discount to fair value, largely the result of capital outflows from SA, CEO Bob van Dijk told investors in New York on Tuesday.

By Nick Hedley 2 days ago

Own space on the biggest multi-industry B2B news site in Africa?
Own space on the biggest multi-industry B2B news site in Africa?

Location, location, location - a real estate term used to describe the benefits of a property investment is as relevant in the online media space.

Issued by Bizcommunity.com 2 days ago

Photo: M-Kopa
Off-grid power goes mainstream for financing

Since a large portion of Africa's population lives in remote areas, receiving power from the grid could still be decades away, so off-grid energy solutions have the potential to provide much of these marginalised rural population with access to affordable electricity.

2 days ago

Bernard Agulhas, Irba CEO
Inquiry into KPMG runs into secrecy problems

An investigation into possible wrongdoing by auditing firm KPMG in its report on the South African Revenue Service (Sars) "rogue unit" and its author, Johan van der Walt, could grind to a halt over restricted documents.

2 days ago

New breed of leaders wanted throughout Africa to harness impact investment
New breed of leaders wanted throughout Africa to harness impact investment

The hunt for professionals who can successfully lead and grow companies with a dual mandate of economic and social returns is on throughout Africa. As well as deal-makers and fund managers who can recognise and realise value for the private equity, venture capital and debt funds who invest in these companies.

2 days ago

57 million riders, drivers affected by Uber breach
57 million riders, drivers affected by Uber breach

Global transportation technology company Uber Technologies has admitted it suffered a breach that saw hackers stealing the personal information of approximately 57 million customers and drivers.

By Simon Campbell-Young 2 days ago

More than just beaches and sunshine, Mauritius is investment friendly too
More than just beaches and sunshine, Mauritius is investment friendly too

Mauritius may be perceived as the island of sugar cane and beaches, but since independence in 1968, this African country has focused its attention on innovation and development to create an investor friendly environment.

11 Dec 2017

What happens in a typical business day?
What happens in a typical business day?

We pride ourselves as one of a new breed of digital-first fintech companies designed from the ground up to support South African SMEs. We've spent countless hours refining our scoring technology to ensure we can provide quick, easy short-term funding through a convenient online interface. In some cases, we are able to provide approval on a loan application within a single day - a far cry from the three-month wait most traditional lenders demand.

By Trevor Gosling 8 Dec 2017

Bitcoin surges past $15,000 for first time as concerns mount
Bitcoin surges past $15,000 for first time as concerns mount

LONDON - Bitcoin ploughed past $15,000 to a fresh record on Thursday, triggering a warning the cryptocurrency was "like a charging train with no brakes" and prompting fresh concern about its looming launch on mainstream markets.

8 Dec 2017

More than 500 employees have left Sars this year
More than 500 employees have left Sars this year

A total of 506 employees left the South African Revenue Service (Sars) this year, according to Finance Minister Malusi Gigaba.

By Linda Ensor 8 Dec 2017