Gordhan vows to reverse state capture tide

New Public Enterprises Minister Pravin Gordhan on Tuesday revealed that his immediate focus would be on revitalising state-owned entities (SOEs) and reversing the tide of state capture that has gripped key sectors of the economy. The appointment of new boards at...

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Gauteng reveals plans for massive new highway

The Gauteng government has unveiled the first details for its new PWV15 highway. Speaking on the tabling of the provincial budget on Tuesday (6 March), Gauteng finance MEC Barbara Creecy said that the develoment will form part of a significant investment into...

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Paper notebook goes high-tech

You’ve probably seen a few of these smart paper or smart pen things over the years — write in this special notebook and it gets saved to an app, that sort of thing. A new entrant to this niche space is the Everlast notebook, which obviates the necessity of restocking...

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Cost of China’s paper products set to rise

China is likely to see price rises for paper products this year on a shortage of raw materials and imported waste paper, according to Hong Kong-listed Nine Dragons, one of Asia’s largest packaging and paper producers. Cheung Yan, the company’s chairwoman and one of...

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Self-proclaimed Bitcoin creator accused of stealing $5bn

Craig Wright, the self-proclaimed inventor of Bitcoin, is accused of swindling more than $5-billion worth of the cryptocurrency and other assets from the estate of a computer-security expert. Wright, who claimed in 2016 that he created the computer-based currency...

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The average take-home pay in South Africa right now

BankservAfrica’s latest take-home pay and private pensions indices show that 2018 is off to a good start, with growth experienced in both nominal and real terms. The BankservAfrica Take-home Pay Index shows average formal sector pay was R14,675 in January 2018, 5.8%...

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Vodafone, Nokia want to put 4G on the moon

Vodafone and technology partner Nokia have revealed at Mobile World Congress in Barcelona that they will deploy 4G mobile broadband technology on the moon in 2019. The 4G network will allow for the first “live-streaming of HD video from the moon’s surface to a global...

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Lenovo’s downward spiral might not be over

In four years, Lenovo Group went from would-be Apple Inc. challenger to an also-ran in smartphones and data-centre servers. Now it’s got a comeback plan, but some investors don’t buy it. China’s erstwhile tech darling, which lost its perch atop the PC market to HP...

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Is this loadshedding, revisted?

Eskom has been dogged by allegations of corruption and mismanagement, and this is showing in its expected financial results over the short and medium term. In addition, two of Eskom’s suppliers of coal – namely, two Gupta mines – have stopped...

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E-Tolls: Makhura admits system failure

In his State of the Province address on Monday, Gauteng Premier David Makhura acknowledged that the highly contested e-tolls system in Gauteng has been a failure. Makhura’s comments follow a number of years of resistance to the multibillion-rand e-tolls project by...

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Cyril reshuffles cabinet

President Cyril Ramaphosa has fired 10 ministers from his cabinet, moved some to other portfolios and appointed David Mabuza as his deputy. Ramaphosa announced the changes in a late-night address at the Union Buildings on Monday night. It was bound to be a tough...

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Why you should keep your receipts ahead of the VAT change

One of the biggest changes in finance minister Malusi Gigaba’s recent budget speech was the proposed increase of the VAT rate to 15%. While the rate is still subject to final parliamentary approval, it is expected to come into effect from 1 April 2018. Despite the...

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