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Use OTT Voucher Online with Adumo

More and more South Africans are searching for new and convenient ways to use their cash in the digital economy without a bank account.  As a result, online payment providers are finding...

Retailers must accommodate the 86% of consumers who still use cash

With recent research showing that only 14% of South African consumers are ready to go completely cashless, retailers should be looking at ways to accommodate their customers’ preferred way to pay, while also...

SAA cannot generate cash flow currently – Tito Mboweni

South Africa's Minister of Finance, Tito Mboweni, said that South African Airways (SAA) was unlikely to ever generate sufficient cash flow to sustain operations in its current configuration. Mboweni said this on Wednesday when...

R211bn cash injection for safety and security in SA

Finance Minister Tito Mboweni announced that R211 billion will be allocated towards Safety and Security for the people of South Africa. The announcement was delivered during his maiden Budget Speech to the...

Government spends R10.7m fixing crashed cars

An astounding 10.7-million has been forked out by the government, over a period of three years, to fix almost 1000 state-owned vehicles involved in carelessly car crashes. Out of the...

SAA to get R5 billion capital injection after plea for cash

South Africa has promised another R5 billion capital injection to help its struggling state airline meet urgent financial obligations, the CEO of South African Airways (SAA) said on Thursday. SAA has not...

SAA to receive R4.8 billion cash injection

The national carrier, South African Airways, will receive a further R4.8 billion government guarantee by March next year. The 2017 Medium Term Budget Policy Statement (MTBPS) tabled by Finance Minister...

Rand weakens ahead of inflation results

The rand weakened yesterday as traders held their positions ahead of local consumer price data today and the US Federal Reserve’s annual central banking conference. At 5pm, the rand traded...

Credit Card vs Cash in Africa – on the verge of convergence

According to a recent study conducted by Mastercard, over 50% of the South African population still transact using cash on a daily basis. This is despite the number of banked adults rising...

Farm Workers Turn Carbon Credits into Cash

A game-changer in Western Cape agriculture has seen farm workers benefiting from carbon credits earned through a climate change mitigation initiative by an organically certified estate which practices regenerative farming. 27 workers...

MUST READ

Over R100-billion to be invested in data centres in South Africa 

By Larry Claasen Amazon Web Services (AWS) plans to invest R46-billion in Cape Town by 2029. THE setting up of hyperscale data centres in South Africa...

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