Trending
Heat Index
Things to do
 
Read More
19
 
Read More
19
 
Read More
14

Calendar
February 2018
M T W T F S S
« Jan    
 1234
567891011
12131415161718
19202122232425
262728  
Business
Most Recent
 
Read More
February 21, 2018

Fugitive Ajay Gupta still in the country

Ajay Gupta, who has officially been named a fugitive by the Hawks, is still on run — with the help of a security company.

Speaking in an interview with PowerFM on Friday morning, Hawk’s spokesperson Brigadier Hangwani Mulaudzi said that they know Ajay Gupta is still in the country and they also know the security company protecting him. The Hawks is set to engage with the company.

Mulaudzi said: “Those protecting him must know they are protecting a wanted suspect. They will be charged with aiding and abetting a suspect.”

Muladuzi also revealed that another director of a Gupta company is facing imminent arrest.

Officials at OR Tambo International Airport [...]

3
 
Read More
February 15, 2018

Samsung’s mobile division continues to struggle

Samsung earned $14.13 billion in operating profit in the fourth quarter of last year but this stellar performance can’t really be attributed to the company’s mobile division. Samsung’s mobile business has been under pressure for quite a while now due to several factors such as increasing competition from Chinese rivals in key markets.

The company released its earnings results for Q4 2017 today and they reveal that the struggles of its mobile business are far from over.

It may get worse before it gets better.

Samsung’s mobile division posted 25.47 trillion won or $23.8 billion in consolidated revenue for the quarter with an operating profit of 2.42 trillion won or [...]

3
 
Read More
February 15, 2018

Rand firmer on trade surplus, weaker dollar

The Rand firmed against the dollar yesterday, supported by a weaker greenback and data showing the country’s trade surplus widened last year.

At 5pm, the rand bid at R11.8495 to the dollar, 11.34c stronger than at the same time on Tuesday, about 0.85percent firmer than its close on Tuesday.

South Africa’s trade surplus in December widened to R15.72billion from a R13.05bn surplus in November, the revenue agency said.

On a cumulative basis the trade balance between January and December was at a R80.55bn surplus compared to a R1.05bn surplus over the same period in 2016.

“One of the catalysts is the slight dollar weakness that has come into the market that [...]

4
 
Read More
February 15, 2018

Is Capitec Another Steinhoff? Not Quite.

The South African market was shook on Tuesday when Viceroy Research released a damning report that claimed that Capitec bank “is a wolf in a sheep’s clothing and a loan shark”. Viceroy also said that the reserve bank and finance ministry must immediately place the bank under curatorship. Capitec stock fell by about 20% as a result. The group played a role in bringing to light the financial mismanagement of the Steinhoff Group last year. But what does all of this mean? The Daily Vox spoke with Michael Porter, a trader at Unum Capital to make sense of it all.

Firstly, who is Viceroy Research?

Viceroy Research is a now well-known firm that published an explosive report on [...]

7
Top Stories
 
 
 
 
 
 
Health Tips
 
See how smaller medical schemes can save you money