Simon Lincoln Reader chronicles the corruption that has been exposed in the UK as cronies are being pulled from the Greensill wreckage.Simon Lincoln Reader has a roundup of the Corruption Chronicles this week. Although the central character in each chapter is different, they share many traits. The p
The South African government resisted implementing a wealth tax, but its new unit aimed at nailing rich tax dodgers may encourage some to emigrate. That’s according to intermediaries, with some warning that the High Net Worth (HNW) unit at the South African Revenue Service (Sars) may not bring in as
Amazon has announced that it will establish its South African headquarters in the City of Cape Town, a project that has the potential to create up 19,000 jobs.Amazon has announced that will establish its South African headquarters in the City of Cape Town, a project that has the potential to create
According to The City of Cape Town, the new Amazon Africa development will create up to 19,000 indirect and induced jobs.Multinational tech and retail company Amazon will be using a new Cape Town development as the base of its Africa operations. The new development at the River Club – based in the c
Vianello outlines that although Steinhoff's underlying business have value, there is a shortfall when subtracting the company's net debt.On the BizNews Power Hour, veteran retail analyst Syd Vianello unpacked the prospective listing of Steinhoff’s European discount retail business, Pepco, which is s
The DA has called for an independent investigation into a fire that broke out on the slopes of Table Mountain and damaged buildings at the University of Cape Town and elsewhere. It said in a statement that, while the hot weather and high winds certainly played a major role in the fast spread of this
Another load of illicit cigarettes worth millions has been seized. Tax Justice SA says this is proof that the black market is still booming.During South Africa’s strictest national lockdown, a ban on alcohol and tobacco fanned the fires of a large and lucrative black market for cigarettes. The South
Prince Philip, Duke of Edinburgh, an outsider in the establishment, was relatable to many on the unlucky side of the class divide, says Simon Lincoln Reader.Prince Philip, Duke of Edinburgh passed away last week. The Palace reported that the Duke passed in peace, surrounded by family. Instead of the
B4SA has an optimistic update on the Covid-19 vaccine rollout, which will see a collaboration between government and the private sector.The Covid-19 vaccine rollout has been painfully slow thus far, with the government missing its own inoculation goals within the first month. Commentators have point
David Mahlobo is facing allegations over illegal spying on critics of Jacob Zuma. As such, community members are voicing their frustrations on social media.Former intelligence minister David Mahlobo is facing a police investigation over illegal spying activities on critics of former president Jacob
CEO Gerrie Fourie shares why Capitec reached a tipping point towards exponential growth and what’s next as it continues to develop a scale up strategy.After an early knock by Covid-19 containment measures, JSE-listed Capitec reported a dramatic improvement in headline earnings to just under R4bn for
The UK government announced an independent review into contracts it handed the now-defunct Greensill and the role played by David Cameron.Former UK Prime Minister David Cameron has come under fire, after it emerged that he had lobbied for now-defunct Greensill to gain access to taxpayer funds – just
Adrian Saville told BizNews about his departure from Cannon Asset Managers. The experienced asset manager will be joining Genera Capital.The founder of Cannon Asset Managers, Adrian Saville, has announced that he will be leaving the company after 22 years. Saville has resigned from his role as CEO t
Over the last year or so many aspects of everyday life shifted online. Work, school, healthcare, shopping and family gatherings moved into cyberspace when the world locked down to stem the spread of the Covid-19 pandemic. The reliability, coverage and speed of our mobile networks became a subject of
Magda Wierzycka says she was well aware that she was the subject of illegal surveillance. Now a state security operative has confirmed it.The mechanisms of corruption are still strong in the ranks of South Africa’s leadership. Anyone who dares to be outspoken about the illegal activity can expect to
The CEO of Purple Group – which owns EasyEquities – joined the BizNews Power Hour to discuss their results and how they intend to continue growing. “We won’t get tired until we get 50 million South Africans investing,” said Charles Savage.Charles Savage on democratising access to investing:The key w
Gidon Novick is the founder of Lift, South Africa’s new low-cost airline. He spoke to the BizNews Power Hour on the demise of Comair and Lift’s take off. Novick told host Alec Hogg that the secret to an airlines’ success is the culture, making sure that employees are happy at work and giving custome
Pioneering local cryptocurrency exchange ICE3x has announced that it is shutting down. The firm says it has a shortage of Bitcoin and Litecoin.South African Cryptocurrency traders have been in the spotlight recently after the collapse of Mirror Trading International. Regulators had a wake-up call an
Nick Hudson talks about his shot to fame and says the concern is the censorship of alternate views because governments aren't always right.Last week YouTube removed the video of PANDA co-founder Nick Hudson’s keynote at last month’s BizNews Investment Conference because it “explicitly disputes WHO g
After YouTube removed a video of Nick Hudson and his view of lockdowns, BizNews was inundated with messages from community members.If you enjoyed your Easter weekend so much that you missed the latest scoop, grab a coffee and make yourself comfortable, friend. You’re going to want to hear this. Actu
Johnson & Johnson's Covid-19 vaccines have been approved for use in South Africa by the SAHPRA, Janssen Pharmaceuticals has announced.J&J Covid-19 vaccines have been approved for use in South Africa, Janssen Pharmaceuticals has announced. It says that the South African Health Products Regulatory Aut
MyBroadband reports 'that the Reserve Bank Deputy Governor has 'declared and ordered the forfeit to the state of R19,669,000' from the company account.Kuben Naidoo, Deputy Governor of the South African Reserve Bank, has ordered the forfeit to the state of nearly R20m – ‘and any interest thereon’ – f
Dr Simone Donati shares how the coronavirus goes easily undetected in normal Covid-19 tests by entering the human body through the eyes.In this episode of the BizNews podcast dedicated to uncovering all the important news and views on the biggest public health crisis in living memory, we hear from D
Simon Lincoln Reader dissects 'wokeness' and 'cancel culture' in the South African context, on the back of Helen Zille's new book '#Stay Woke Go Broke'.Simon Lincoln Reader discusses ‘wokeness‘ and ‘cancel culture‘ in the South African context. He describes how a growing number of people are choosin