Moneyweb@Midday

[TOP STORY] Zuma ruling marks turning point in misuse of state funds

‘That era is probably over because it was a very unique era. It was almost unprecedented in the sense that people could then just dig into the state kitty for their own problems,’ says Kevin Malunga, former deputy public protector.

23 Oct 8AM 6 min

Marathon cancellation deals R15m blow to tourism economy

Former Deputy Public Protector weighs in on order for Zuma to pay back legal fees. Why the recent Wits cyberattack exposes education sector vulnerabilities. And what SA must do to prevent a 17% water deficit by 2030.

23 Oct 6AM 29 min

[TOP STORY] Cosatu pushes prepaid electricity metering to save industry and jobs

‘The stats we've seen from industry show that we've lost about 350 000 jobs because of the increasingly unaffordable price of electricity, especially the impact upon the industrial sectors,’ says Cosatu’s parliamentary co-ordinator, Matthew Parks.

22 Oct 10AM 8 min

Get ready for storm season

Hey big spenders! South Africans spent R1bn abroad over a six month period. Why suicide is on the rise amongst SA’s first responders. And Cosatu warns that high electricity prices could derail recovery efforts.

22 Oct 6AM 33 min

[TOP STORY] Credit rejections surge as micro-lenders call for urgent reform

‘We feel that a balanced review could unlock R350 billion into economic stimulation. That money will flow directly into townships, to small businesses and households, funding education, housing, and also entrepreneurs’, says Leonie van Pletzen, CEO of MicroFinance South Africa.

21 Oct 9AM 5 min

Legal fraternity under siege: 13 dead in 2 years

Why more than 13m South Africans are rejected access to credit every quarter. EU doubles down on sustainability partnership with €12bn investment, but how will SA service its green loans debt? And why universities should become new job creation hubs.

21 Oct 6AM 33 min

[TOP STORY] Satsa seeks De Lille’s ousting amid governance crisis

‘We would definitely support her removal from that position, because we do not want ministers who interfere with issues of governance, especially when they involve financial mismanagement,’ says Oupa Pilane, chair of the Southern African Tourism Services Association.

20 Oct 8AM 8 min

Why your salary can’t keep up with your medical aid

Lack of distinction between SA’s political and criminal elites does not help our ‘mafia state’ label. Setback for former SAT board as court dismisses bid against tourism minister over dissolution. And a new report calls for better coal mine methane reporting.

20 Oct 6AM 34 min

[TOP STORY] Regulators move to curb illegal online gambling and rampant ads

‘The NGB and the other provincial licensing authorities are focusing on making sure that we clamp down on the issue of online gambling advertising so that it's not in your face,’ says Lungile Dukwana, acting CEO of the National Gambling Board.

17 Oct 9AM 9 min

Curro deal: SA’s education crisis demands bold solutions

The National Gambling Board reports a R1.5tn turnover, do we have a gambling crisis? Why SA’s education system needs bold, structural and systemic solutions. And the Shoprite Food Security Index shows marginal gains, but millions still face hunger.

17 Oct 6AM 36 min

[TOP STORY] Public job schemes fall short as 12 million remain jobless

‘Getting South Africa to grow, not at 1.5% but at 4%, is what we’ve got to aim for, and we’ve got to fix all the things that hold us back. That’s the most important lever to get jobs,’ Ann Bernstein, says executive director of the Centre for Development and Enterprise.

16 Oct 8AM 9 min

SA’s food insecurity runs deeper than grocery prices

12m South Africans cannot find jobs, urgent action is required, says CDE. Why SA should adopt generative AI responsibly to reach sustainable development goals. And how auctions could trump traditional markets.

16 Oct 5AM 34 min

[TOP STORY] Locals priced out as Cape Town’s luxury property market soars

‘I think we need to just take the R1 billion and put it into perspective - at the average purchase price for foreign buyers of R2.7 million, it's actually only about 370 properties,’ says Grant Smee, CEO of the Only Realty Property Group.

15 Oct 9AM 7 min

Working until 70 doesn’t mean you’ve failed

Can locals still afford to live in Cape Town? A look at the shocking retirement gap facing South Africans. The average salary increased by 3.4% in Q2, but does it alleviate any real financial pressure? And EU tariffs set to hit the steel industry hard.

15 Oct 6AM 34 min

[TOP STORY] Life insurers repay R140m after disputed claims reviewed

‘It’s obviously money that has been recovered for complainants to our office in respect of mostly claims that were previously declined and that have now been upheld by our office,’ says Denise Gabriels, lead ombud for life insurance at the NFO.

14 Oct 8AM 8 min

Ceasefire in the Middle East, but is the war over?

Life ombud recovers over R140m for policyholders after the reversal of declined claims. How customer expectations, technological innovation and shifting geopolitics are transforming global payment ecosystem. And e-waste is growing three times faster than municipal waste – why financial orgs need to take responsibility.

14 Oct 6AM 31 min

[TOP STORY] ActionSA slams ZEP extension as Schreiber defends legal process

ActionSA’s Lerato Ngobeni accuses government of indecision over the latest Zimbabwe Exemption Permit extension. Home Affairs Minister Leon Schreiber defends the move, insisting the extension upholds constitutional obligations.

13 Oct 10AM 15 min

Criminalisation of journalism ‘reckless’: Sanef

Political parties hit out at Zimbabwean permit extensions, home affairs minister responds. And are SA’s poorest households paying the price for the country’s deepening data divide?

13 Oct 6AM 32 min

[TOP STORY] Concerns over secret revival of firearms control bill

‘Regardless of the intentions behind it, this is a vitally important piece of legislation for many South Africans, and South Africans’ voices should be heard throughout that. It shouldn’t be something that’s done in private,’ says Free SA’s Reuben Coetzer.

10 Oct 8AM 7 min

Cancer, circulatory issues weigh heaviest on insurers

Outrage over government’s attempt to revive the controversial Fire Arms Control Bill. How stokvels can power SA’s future. And Cape Town and Johannesburg lead Africa’s booming luxury property market.

10 Oct 6AM 34 min