Latest News & Developments
financial and business service
Understanding the Conduct of Financial Institutions Bill: A new era for financial regulation
The long-awaited Conduct of Financial Institutions Bill is poised to revolutionise financial regulation in South Africa
Organic scaled growth is on the cards for Discovery as it delivers healthy interims
Discovery's CEO Adrian Gore announces a robust financial performance for H1 2024, with a 34% increase in dividends and a strong growth strategy aimed at scaling operations
How to improve your credit score
Discover essential strategies to improve your credit score this New Year and unlock better financial opportunities.
China's replica art village reinvents itself as original art hub
Dafen village, once known for mass-producing replica oil paintings, has transformed into a thriving arts hub in southern China, housing tens of thousands of artists and more than 1,000 art-related businesses.
DA calls for urgent SIU probe into widespread fraud in Sassa’s SRD R370 grant system
The DA is urging President Ramaphosa to authorise an SIU investigation into SRD grant fraud, revealing systemic vulnerabilities and design flaws.
Banks should be playing a role in community development, not victimising black-owned companies
Instead of victimising, banks should be providing financial support, mentorship, and guidance to help black entrepreneurs succeed. By doing so, they can promote economic growth, create jobs, and reduce inequality.
A strident call to action: Ending the abuse of arbitrary bank account closures in South Africa
Its vagueness have allowed banks to evade transparency and accountability, leaving individuals and businesses exposed to financial and economic exclusion and degradation.
Old Mutual’s ‘Masisizane Fund disburses R1 billion to SMEs, creates over 13,000 jobs
The driving force behind the fund was to empower black-owned, women-owned, youth-owned businesses, as well as enterprises from rural areas, and playing a critical role in fostering inclusive economic growth in the country.
City of Tshwane‘s financial woes deepen as residents and businesses owes over R24 billion
Gauteng MEC of Finance Lebohang Maile has expressed concern over City of Tshwane’s ineffective credit control policy, following his revelation that the cash-strapped metro is owed over R24 billion by residents and businesses.
Inside the shadowy world of loan sharks and South Africa's vulnerable
A new report has lifted the lid on how loan sharks are essentially holding Sassa beneficiaries hostage and there is nothing that can be done about it, legally.
Up to $41 Billion in World Bank climate finance unaccounted for, says Oxfam report
Oxfam’s audit exposes severe flaws in the World Bank’s climate finance reporting, with billions in funds lacking a public record to confirm spending on critical climate initiatives.
Social Development Minister launches investigation into Sassa fraud after shocking student findings
Social Development Minister, Sisi Tolashe, has been given 30 days to find out how fraudsters were able to illegally apply for and receive grant using different people's ID numbers.
AI risk management - How software escrow safeguards financial institutions
South Africa is set to regulate AI, and software escrow is emerging as a critical tool for mitigating risks in financial services. Learn why this safeguard is becoming essential.
‘I got your back’: Cassper Nyovest rallies behind Drip Footwear founder Lekau Sehoana amid liquidation crisis
Cassper Nyovest showed public support for Drip Footwear founder Lekau Sehoana, whose business faces liquidation due to financial difficulties.
Mzansi e-commerce firm shaping the future of digital payments
Paymentology is a South African company that is pioneering innovations in the digital payment space at a time when the sector is experiencing explosive growth.
DA blames Lesufi and Mamabolo for Emfuleni’s financial crisis, amid R8 billion Eskom debt
Msimanga said the party is calling for the immediate dispatch of provincial financial experts to assist the struggling municipality with managing its finances.
Two SAPS female pilots in the running for ‘Forty Under 40’ award
SAPS top management has wished Lieutenant Colonel Kgothatso Khunou and Captain Zeldah Ntuli well ahead of the Forty Under 40 Awards ceremony taking place on Saturday evening in Kempton Park.
How AI is transforming journalism: Insights from Dr Iqbal Survé
During a compelling interview with Wang Lei from Xinhua, Dr. Iqbal Survé, a pioneering South African entrepreneur and media mogul, shared his insights on the profound impact AI is having on societal development, media transformation, and the future of journalism.
MK Party says KZN Cogta financial misconduct allegations show collapse of 'so-called' GNU
The Umkhonto weSizwe Party is calling for an independent investigation into financial conduct at KwaZulu-Natal's Department of Cooperative Governance and Traditional Affairs.
Judge Mpati Sets the Record Straight: Exposing the Hypocrisy of the Banks
Like a scene from a poorly produced morality play, the banks, under the guise of self-appointed arbiters of integrity, have targeted Sekunjalo based on recommendations from the Mpati Commission of Inquiry.
The Battle for Media Freedom: Dr Iqbal Survé and Independent Media's Fight for South Africa’s Democracy
The war being waged against Independent Media is not just an assault on a single institution—it is a coordinated and strategic attack on media freedom, the right to dissent, and the very soul of our democratic values.
The coordinated economic sabotage against The Sekunjalo Group
Over 5,000 articles, many of them filled with insinuations, hearsay, and outright falsehoods, have been published with one goal in mind—undermine Sekunjalo’s credibility and drive the company to its knees.
EFF celebrates revival of SA Reserve Bank Nationalisation Bill, pledges public support
“We urge all progressive stakeholders to prepare their submissions. Progressive stakeholders who require assistance with their submissions or oral presentations are encouraged to contact the EFF,” said Mathys.
‘They scammed us’: Gauteng tuckshop owners angry as R100 million Kasi Mnotho Fund fails to deliver its promises
“They lied to us and took the money that was supposed to help grow our businesses. This whole thing is a scam,” said Motaung.
NDB targets 40% climate finance by 2026
As a cross-cutting project consideration, we try to integrate measures that address climate risks – to the extent applicable - as early as the design phase for each project we conduct.