The largest office landlords in the country are still making steep cuts to rentals in an effort to retain tenants. One, Burstone (previously Investec Property Fund), says negative reversions in the year to March averaged 28.5%.
Meanwhile, the majors, Growthpoint and Redefine, which have 1.6...
Covid-19 tenderpreneur's Lambo and Porsches up for auction
The South African Revenue Service (Sars) is auctioning off a fleet of luxury vehicles seized from infamous Covid-19 tenderpreneur Hamilton Ndlovu, Sunday Times reports.
Five of Ndlovu's most valuable cars are going under the hammer...
South African consumers getting pounded
Consumer confidence is at levels last seen amid the Covid–19 pandemic and in the second quarter of 2022 when deadly floods devastated KwaZulu-Natal, and the economic effects of the Ukrainian war started to manifest.
This is according to the Bureau of...
Biggest iPhone factory hit by violent protests
Hundreds of workers at Apple Inc.’s main iPhone-making plant in China clashed with security personnel, as tensions boiled over after almost a month under tough restrictions intended to quash a Covid outbreak.
Workers at the Foxconn Technology...
Post Office cannot pay staff's medical aid contributions while carrying partial cost of grants
The South African Post Office (Sapo) was subsidising the government's R350 Social Relief of Distress (SRD) grants even while it couldn't afford to pay medical aid contributions for its employees...
Hi everyone
I'm interested in opening a personal savings account online without having to go into a branch or to a shop indoors. This must include a debit card and internet banking.
I know discovery bank already offers this service and they have the debit card delivered to you.
Are any...
School dropouts increased drastically during lockdown in South Africa
Between 650,000 and 750,000 children aged seven to 17 were not attending school as of May this year, compared to the 400,000 to 500,000 figure from before the national lockdown.
This is according to the National Income...
Given that the ANC government response to the pandemic can only be stricter lockdown regulations as infections rise, would it be unreasonable to assume that the ANC will again close beaches & 100m restrictions around water bodies, come December 2021?
What we know about Covid-19 variants
The World Health Organisation recently renamed Covid-19 variants using letters of the Greek Alphabet to replace the common usage of linking a variant to the country where it was first detected.
This was done because naming Covid-19 variants based on the...
Level 5 hard lockdown for Gauteng called for
The government is considering a move to a higher lockdown level in South Africa, with some experts calling for a hard lockdown in Gauteng.
Business Day reported that Gauteng’s provincial command council is meeting today to discuss the possibility of...
Experts call for tougher lockdown rules in South Africa as third wave hits
South Africa needs to put stricter lockdown measures in place, especially around indoor and mass gatherings, to limit the spread of COVID-19 amidst rising infections.
This is the view of Marc Mendelson, professor of...
These graphs illustrate how COVID-19 wreaked-havoc on South African tourism
South Africa’s hard lockdown to contain the spread of the coronavirus came into force a year ago, upending lives and businesses across the continent’s most industrialized economy. Yet few industries suffered more than...
Ramaphosa's statements about COVID-19 vaccine hoarding explained
President Cyril Ramaphosa recently warned against vaccine nationalism, where rich countries hoard COVID-19 vaccines for their own citizens and disadvantage poor countries.
Speaking at the World Economic Forum’s digital Davos...
COVID-19 forces South African companies to adapt
The COVID-19 pandemic, which first hit South Africa in March 2020, has hit local telecommunications companies hard and forced them to adapt the way they work.
Over the past year, South Africa has recorded over 1.3 million confirmed coronavirus...
Smartwatches can help detect COVID-19
Smartwatches can help determine whether you have been infected by the coronavirus before you even start showing symptoms.
This is according to a report by CBS News which cited studies from Mount Sinai Health System in New York and Stanford University in...
Concerns over COVID-19 vaccines being stolen in South Africa
The South African government is concerned that South Africa's stock of COVID-19 vaccines may be stolen.
The Department of Health told City Press that there is a risk of COVID-19 vaccines being stolen and sold on the black market at...