Shadow bankers: ‘Paying fines has become a cost of doing business’

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A round-up of today’s news including the repercussions of Shosholoza Meyl suspending its services, how ‘shadow bankers’ are powering organised crime in SA and the cost of neglecting mental health in the workplace.

10 Oct 2024 6AM English South Africa Business News · Politics

[TOP STORY] Franchising touted as untapped engine for SA’s economic recovery

‘Why aren't we using franchising to build our own economy? Because if you look at other developed markets, the economies are almost 40% to 50% reliant on franchising,’ says Freddy Makgato, CEO of the Franchise Association of South Africa.

10 Dec 8AM 7 min

Bela regulation fight: Education department accused of power grab

Franchising could be SA’s fastest route to recovery, says new Fasa CEO. Global money is chasing AI health tech. Will SA catch up in 2026? And the world wants SA creatives. 100 AI-era jobs made available to local talent.

10 Dec 5AM 31 min

[TOP STORY] Immigration failures costing SA investment, jobs and vital economic momentum

‘We actually turned away a Netflix series that was about to invest R400 million into South Africa and give much-needed encouragement to the film industry in South Africa. It left us and went to Mexico,’ says Candice Magen, CEO of Abroadscope.

9 Dec 9AM 8 min

Scrapping tax credits could force nearly 1m into public healthcare

Nature becomes a balance-sheet issue as SA unveils high-stakes biodiversity assessment. SA’s broken immigration system is costing jobs, investment and dignity, says expert. And how one drunk social post could cost you your job in January.

9 Dec 4AM 33 min

[TOP STORY] SA labels G20 2026 absence ‘temporary blip’ despite US actions

‘We are currently engaged with all the G20 countries except for the United States, on the substance of the outcomes of the Johannesburg summit with respect to advancing those issues and ensuring that those issues remain on the agenda,’ says spokesperson for the Presidency, Vincent Magwenya.

8 Dec 8AM 8 min

Shadow bankers: ‘Paying fines has become a cost of doing business’

Other recent episodes

[TOP STORY] Franchising touted as untapped engine for SA’s economic recovery

Bela regulation fight: Education department accused of power grab

[TOP STORY] Immigration failures costing SA investment, jobs and vital economic momentum

Scrapping tax credits could force nearly 1m into public healthcare

[TOP STORY] SA labels G20 2026 absence ‘temporary blip’ despite US actions

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