SA Business
Former corrupt Eskom employee targeted by Asset Forfeiture Unit, restraining order hits accused in Gauteng
A corrupt former Eskom employee has had to forfeit several assets due to a restraining order. The investigation into further assets and seizures is ongoing.
Eskom's application for Medupi and Matimba to pollute denied, electricity supply threatened
Eskom has been denied exemption from air pollution regulations due to their failure to comply since 2010 and their intention of not adhering to current limits.
Checkers saves Pie in the Sky Bakery in Cape Town from shutting down because of the pandemic
A Cape Town-based bakery named Pie in the Sky managed to stay afloat after striking deals with Checkers and Food Lovers Market nationally and the Western Cape.
RTT and Shoprite Checkers enter into shareholder agreement for Sixty60 delivery service
Sixty60 will become a part of a joint e-commerce venture by the RTT Group and Shoprite Checkers, which is set to be finalised by June 2022, pending approval.
Unequal salary increases at EOH upsets low level employees, balance sheet inflation discovered
EOH CEO Stephen Van Coller has been accused of enriching himself at the expense of low-level employees by taking a 26% salary increase this year, making R14m.
SARS' use of 3rd party data paying off, machine learning used to find tax evaders
The South African Revenue Service has been able to find tax evaders by accessing information from third party data sources both locally and internationally.
Retirement fund recipients will see changes in how they are taxed from 2022, SARS says
SARS will make changes to how retirement fund recipients are taxed, to make sure that those who have more than one source of income are not unfairly taxed.
International companies are investing in SA's Tymebank, R1 billion raised so far
Tymebank, a South African-based digital bank, has received a new investor in Chinese-based Internet company, Tencent, following their successful capital raise.
Labat lists on Frankfurt Stock Exchange, R300m in funding for cannabis company
The Labat Africa Group has been listed on the Frankfurt Stock Exchange and secured R300 million in funding from an exciting investment by GR Global Ventures.
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