South Africa is intensifying its crackdown on financial crimes, including money laundering and terrorist financing, and is confident it will pass its upcoming integrity check-up. The Companies and Intellectual Property Commission (CIPC) has rolled out an upgraded Beneficial Ownership Disclosure Module specifically for law enforcement agencies. The platform is designed to give law enforcement agencies…
The 2026 South Africa Tourism Infrastructure Investment Summit has put a massive financial spotlight on the sector. Tourism Minister Patricia de Lille announced an ambitious investment pipeline featuring 15 public-private sector projects valued at R3.5 billion. De Lille says of these, three projects have already secured funding commitments. She hosted stakeholders and investors in Johannesburg…
Western Cape Minister of Agriculture, Economic Development and Tourism, Dr Ivan Meyer, today reaffirmed the Western Cape Government’s support for the Cape Clothing and Textile Cluster (CCTC) during a visit to leading cycling apparel manufacturer Ciovita in Woodstock, Cape Town. Ciovita, which employs 265 staff members, is an active member of the CCTC and serves…
The closure of the Finsch Diamond Mine in the Northern Cape has left local business owners in dire financial straits. Assets worth billions of rands will be sold off. This comes after the business rescue plan was approved. The mine says it has been facing growing pressure on the natural diamond market amid the growing…
Shanghai, China -Universities and companies must work together to ensure that graduates acquire the specialised knowledge, multidisciplinary outlook and practical experience demanded by rapidly changing industries, a senior Xiaomi executive has said. Wang Dong, the company’s Vice-President of Human Resources, said businesses should become active participants in education instead of waiting for universities to produce graduates…
New Delhi, India– As the global economy transforms, South Africa and India have a significant opportunity to deepen cooperation in investment, trade, exports, innovation, industrial development and sustainable growth, says President Cyril Ramaphosa. “We are ready for a new era in economic relations between our two countries. This forum provides the private sector with an…
By Sola Adegbesan In a Cabinet statement earlier this year, the government reported that South Africa’s trade under the African Continental Free Trade Area (AfCFTA)’s preferential terms had reached R2.6 billion between January 2024 and February 2026, spanning products from mining equipment and electrical machinery to food, clothing and plastics. It is still a modest…
President Cyril Ramaphosa has appointed Leonard Lekgetho as head of the Special Investigating Unit (SIU) with effect from Tuesday. Lekgetho has been the acting head of the SIU following Advocate Andy Mothibi’s departure from the unit in February to become the National Director of Public Prosecutions. Presidential spokesperson Vincent Magwenya says Lekgetho brings 19 years…
The National Taxi Alliance (NTA) says speculation on fare increases is premature following the latest fuel hike. Prices of both grades of petrol go up by R 1.34c. Diesel now costs R3.14c and R2.93 c per litre more, depending on the grade. NTA spokesperson, Theo Malele, says the hike has dealt a massive blow to the…
The Madlanga Commission has questioned KwaZulu-Natal Hawks Lieutenant-Colonel Deenadayalan Govender about cash deposits totalling more than R3 million into his bank accounts between August 2022 and December 2023. The commission has put it to Govender that the value of the cash deposits was significantly higher than his monthly take-home salary. Govender, who returned to the…
