Business
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South Africa’s unemployment rate climbs to 33.6% as jobs crisis deepens
South Africa’s unemployment rate hits 33.6%, a four-year high, as 8.5 million people remain jobless amid slow economic reform.
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Cape Town launches AI investment concierge to drive global business
Cape Town has launched Maya, an AI-powered investment concierge available in eight languages, as part of a global campaign to attract international investment.
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Former contractor gets suspended sentence in R1.4 billion Kusile corruption case
Two men convicted in Kusile Power Station corruption case involving R2.6 million in bribes paid to secure lucrative contracts between 2015 and 2017.
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Toyota recalls 518 RAV4, Corolla and Crown models over meter fault
The National Consumer Commission has alerted consumers to a Toyota vehicle recall affecting 518 models due to a combination meter programming issue.
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Two wounded robbers hospitalised, 10 in custody after a foiled business robbery
12 suspected armed robbers due in court following their arrest by Gauteng police regarding a brazen robbery of a coffee supplier’s warehouse in Johannesburg
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Two Bethlehem property fraudsters sentenced in R27m fraud case
Court has handed two property fraudsters lengthy prison terms in a case involving an estimated R27 million funneled through Blue Key Properties Brokers.
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Power cut due to non payment can flood Ekapa mine beyond repair
Liquidators of the Ekapa Mine in Kimberley warn that a scheduled electricity disconnection could trigger flooding of the mine workings.
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Court overturns unlawful suspension of PIC chief executive
Court declares PIC chief executive’s suspension unlawful after board failed to follow proper procedures, vindicating minister’s intervention in governance crisis.
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South Africa overwhelmingly targeted by international cybercriminals, Interpol warns
South Africa accounts for 92% of ransomware detections in Africa and 70% of business email compromise attacks, with AI now powering 55% of cybercrimes.
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Durban businesswoman handed 18 years in R3.7m VAT fraud and money laundering
A Durban-based businesswoman is to serve 18 years in prison for VAT fraud in which SARS suffered a loss of R3.7 million, none of which has been recovered.
