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July 15, 2019

Spat over toll roads in South Africa shows poor people don’t count

The invisibility of poor people in the country, who are estimated to make up 55,5% of the population, was on display recently as David Makhura, Premier of Gauteng Province, the country’s economic heartland, and the Minister of Finance, Tito Mboweni, aired their differences on Twitter.

The topic was the electronic tolling (known locally as e-tolls) of freeways in Gauteng. The Gauteng African National Congress (ANC), which Makhura leads, has responded to a backlash against the tolls by urging that they be removed.

The national government in which Mboweni serves, and is also led by the ANC, imposed the tolls and continues to support them, at least in principle.

So, [...]

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July 11, 2019

What to consider before venturing into franchising

Many entrepreneurs consider going into franchising as a guaranteed route to attaining business success.

“Despite the sector having a higher success rate compared to its counterparts, franchising has its pros and cons and will not necessarily be suitable for every entrepreneur. Entrepreneurs who are considering or have decided pursuing franchising as a business opportunity should perform due diligence to avoid making costly mistakes,” says Morne Cronje, Head of Franchising at FNB Business.

He shares key factors that entrepreneurs should consider to determine if franchising suits their needs and business endeavours.

Is franchising right for me?

Acquiring a tried [...]

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July 8, 2019

Will Facebook’s digital money Libra be good for Africa?

In our series of letters from African journalists, technology writer Andile Masuku looks at what the launch of Facebook’s digital money could mean for Africa.

From early next year, Facebook intends to let its two billion-odd users – more than 139 million of whom are in Africa – make digital payments through its apps and popular messaging service WhatsApp using a new crypto-currency called Libra.

It could have profound implications for a continent which receives a huge amount of remittances – and is one of the least-banked regions of the world, something that has allowed for other innovations like mobile cash payments to take hold in [...]

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July 3, 2019

Municipal rates increase: Hikes for Cape Town, Joburg, Durban, others from 1 July

It’s the start of a new month for South Africans, but they are being faced with the same old story: The cost of living is increasing, even if our wages aren’t. Municipal rates across the country are going up on Monday 1 July, and the changes will affect millions in Cape Town, Johannesburg, Durban and many other city-dwellers.

Cost of living on the rise

Of course, the term “tariff hike” has become synonymous with Eskom. Their plans to start charging residents more came to fruition on Monday as well. But they aren’t the only ones: We’re here to give you a brief overview of where municipal rates are going up, and how much more you’ll have to fork out.

Municipal rates increase [...]
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