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] Eskom unbundling faces fresh hurdles as energy reform drags on

‘We don’t want a fiscal risk to the sovereign because we didn’t do this properly. That risk is real; Eskom is just coming out of a debt moratorium,’ says Rudi Dicks, head of the Project Management Office in the Presidency.

3 Feb 9AM 7 min

Building for extremes: Rethinking infrastructure after the floods

What Operation Vulindlela’s Q3 report reveals about SA’s economic reset. Unions slam Sarb over rate hold. And from ice cream to air miles, how South Africans really spent their money over the festive season.

3 Feb 5AM 33 min

[TOP STORY] Sars already knows more about offshore income than expats think

‘South Africa participates in the global information-sharing framework that requires foreign banks, investment platforms and financial institutions to report account information linked to South African tax residents,’ says Roxanna Naidoo, head of global strategy at Latita Africa.

2 Feb 8AM 8 min

Another year of real salary growth ahead

Sars is watching: What the budget means for SA expats. Why malls can no longer shrug off shopper injuries. And how South Africans can unlock good credit in 2026.

2 Feb 5AM 32 min

[TOP STORY] SA exporters warned: Overseas payments harder to recover than expected

‘If you have a South African company that's exporting, this is where we found that most of the issues seem to arise, especially in the Middle East and the likes of China,’ says Luke Morawitz, credit director for South Africa at Allianz Trade.

30 Jan 8AM 7 min

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

Other recent episodes

[TOP STORY] Eskom unbundling faces fresh hurdles as energy reform drags on

Building for extremes: Rethinking infrastructure after the floods

[TOP STORY] Sars already knows more about offshore income than expats think

Another year of real salary growth ahead

[TOP STORY] SA exporters warned: Overseas payments harder to recover than expected

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