Unemployment in SA now third highest in the world

Unemployment in SA now third highest in the world

The ANC failed to meet its targeted unemployment rate of 14% by 2020, a goal set as part of its 2012 National Development Plan, the fifth economic blueprint formally adopted since it came to power almost thirty years ago. And although still high, the official jobless rate decreased to 32.9% in the t

  Sandra Laurence
Mutual victory in the marketplace?

Mutual victory in the marketplace?

James Peron, author and president of the Moorfield Storey Institute, provides insight into the mutually beneficial aspect of market engagements – investigating how rare it is for our globalised, liberal economy to have only a single winner emerge. Peron explores how poverty, famine and death deterio

  Carmen Mileder
SA needs gas generation worth $8bn to prevent decade of blackouts

SA needs gas generation worth $8bn to prevent decade of blackouts

Finnish company Wartsila Oyj believes gas fired generation of energy is the way forward for South Africa.According to Wartsila Oyj, a Finnish company that makes power plants, South Africa must expect electricity outages for at least another decade unless it installs as much as $8 billion worth of ga

  Sandra Laurence
Jaltech offers free crypto custody services to protect investors

Jaltech offers free crypto custody services to protect investors

Jaltech is offering cryptocurrency investors the option of transferring their cryptocurrency into Jaltech’s Off-exchange Cryptocurrency Safety Deposit Box at no cost for the first 6 months.Following the demise of the world’s second-largest cryptocurrency exchange FTX, some of the largest global indu

  Editor BizNews
The Post Office Conundrum

The Post Office Conundrum

The South African Post Office is facing a financial crisis, which is no surprise since about 60 Post Office workers marched to Parliament recently, demanding salary increases, no salary cuts and a freeze on retrenchments. Over 9,000 workers have no medical schemes, while 6,000 workers face the possi

  Asime Nyide
‘Diversity interventions’ not universally successful

‘Diversity interventions’ not universally successful

Without the experience and wisdom that comes with age, teenagers cannot take control of a school environment: the management and teachers are in control and for good reason. But that seems not to have happened at Fish Hoek High School over alleged racism claims, which raises the importance of school

  Sandra Laurence
South African economy is close to collapse, says economist

South African economy is close to collapse, says economist

South Africa is on the brink of collapse. After years of corruption, mismanagement and poor investment, the fruits of the once promising country are rotting. And as the country’s leaders grapple with the impending disaster on their hands, tensions are boiling over. Eunomix CEO and chief economist Cl

  Asime Nyide
Only the suffering of ‘big people’ matters

Only the suffering of ‘big people’ matters

Parole conditions must be suited to the crime, argues Andrew Kenny, for everyone, not just those deemed to have attacked "important" people.In this article on the Daily Friend, Andrew Kenny looks at four killers in South Africa in the 1990s: Janusz Walus, Barend Strydom, Robert McBride and Letlapa M

  Sandra Laurence
Uphill battle awaits Ramaphosa as he vies to retain ANC presidency

Uphill battle awaits Ramaphosa as he vies to retain ANC presidency

Just three weeks before the ANC December elective conference, an independent panel will on Wednesday deliver its findings on whether there’s legally sufficient evidence to impeach Cyril Ramaphosa. While Ramaphosa overwhelmingly received the lion’s share of nominations from branches to retain the rei

  Michael Appel
Ramaphosa case puts new impeachment rules to the test

Ramaphosa case puts new impeachment rules to the test

South Africa’s President Cyril Ramaphosa faces possible impeachment in the country’s parliament over the illegal stashing of thousands of US dollars at his farm in 2020. This is not the first time there’s been a threat of impeachment of a president in post-democratic South Africa. His scandal-prone

  Sandra Laurence
FF Plus continues to eat the DA’s lunch

FF Plus continues to eat the DA’s lunch

The FF Plus is proposing that recent by-election results show an “irrefutable trend” developing, since at least 2019, in which the traditional DA voting base is jumping ship. Results from a recent by-election in Bela-Bela, Limpopo show the party – which sells itself as a home for minority rights – i

  Michael Appel
Court interdicts ANC’s “friends and family” hiring scheme in Knysna

Court interdicts ANC’s “friends and family” hiring scheme in Knysna

The Western Cape High Court has interdicted an ANC-led coalition in Knysna from continuing to pay salaries to eight unlawfully employed cadres. The court ruled that the municipality – currently in the hands of the ANC/EFF/Plaaslike Besorgde Inwoners (PBI) coalition – illegally altered the organigram

  Michael Appel
Magnus Heystek: Reality and the art of investment

Magnus Heystek: Reality and the art of investment

In the investment challenge between Magnus Heystek and Piet Viljoen, Heystek argues that timing is key to the experiment.Magnus Heystek recalls his challenge with independent money manager Piet Viljoen, which started a year ago when a Biznews member put up R500,000 to be invested over a period of 5

  Sandra Laurence
Pity poor Zimbabweans, with a food inflation rate of 353%  

Pity poor Zimbabweans, with a food inflation rate of 353%  

No water for eight days, electricity cuts for 10 -12 hours at a time and inflation of 353% is making life there almost impossible.Food shopping is a nightmare in Zimbabwe, with the highest food inflation in the world; the roads in many places have eroded into dongas, and 4,000 health workers have le

  Sandra Laurence
US’ Sandton terror alert shone spotlight on state of SA’s intel services

US’ Sandton terror alert shone spotlight on state of SA’s intel services

The US Embassy’s recent issuing of a terror alert for Sandton placed South Africa’s State Security Agency (SSA) under scrutiny,with some uncomfortable questions emerging. Firstly, has the SSA broken down to such a point that it’s incapable of detecting what the Americans did on our soil? Secondly, d

  Michael Appel
Pretoria-based innovator ASP Isotopes lists on Nasdaq, sees bright future

Pretoria-based innovator ASP Isotopes lists on Nasdaq, sees bright future

Chairman and CEO of ASP Isotopes, shares the inside story of the Pretoria-based company which recently listed on Nasdaq.Paul Mann, chairman and CEO of ASP Isotopes, shares the inside story of the Pretoria-based company whose ground-breaking technology puts it at the global forefront of a rapidly exp

  Asime Nyide
Providing wash facilities (or a lekker shower) for Cape Town’s homeless

Providing wash facilities (or a lekker shower) for Cape Town’s homeless

WASH Bus has launched in Cape Town suburbs to support the unsheltered homeless and give them the opportunity to have a shower.Running water and a nice hot shower is something many of us take for granted, but for the many homeless people in South Africa this is not the case. It robs them of their dig

  Linda van Tilburg
IRR urges Ramaphosa to seize the moment

IRR urges Ramaphosa to seize the moment

While President Cyril Ramaphosa generates significant goodwill overseas, the Institute of Race Relations is encouraging him to bring some of that impetus back home with him as challenges mount. South Africa’s head of state has successfully concluded a two-day state visit to the United Kingdom at the

  Michael Appel