Author: Staff Writer
Park Village Auctions has realised approximately R34,500,000 for all three Saxonwold properties and their contents. That’s the word from PVA’s Clive Lazarus, who today announced that the Business Rescue Practitioners (BRP) have accepted and confirmed an offer. All three properties, namely numbers 3, 5, and 7 Saxonwold Drive, Sandton, Gauteng, and their contents (comprising furniture and appliances), fetched an estimated total of R34,500,000, inclusive of buyer’s commission and VAT. Incidentally, the buyer also purchased number 7A Saxonwold Drive for R6,500,00.00, including buyer’s commission and VAT separately. As all necessary securities have been received in good order, the assets formally belonging…
Ahead of the 2025 National Association of Automotive Component and Allied Manufacturers (NAACAM) Show, Zero Carbon Charge (CHARGE) has called on the Minister of Trade, Industry and Competition, Parks Tau, to urgently reduce the excessive tax duties on importing electric vehicles (EVs), into South Africa – a critical step to developing and strengthening a viable EV market. In a formal letter sent to Minister Tau this week, CHARGE stressed that South Africa’s automotive industry cannot afford to ignore the global movement towards EVs. Currently, imported electric vehicles are subject to a 25% import duty, plus an ad valorem tax that…
MicroFinance South Africa (MFSA) is calling on regulators to act swiftly on the unchecked and rapid rise of Buy Now, Pay Later (BNPL) credit services. A stark warning that this current unregulated structure is exposing millions of consumers to unsustainable debt, hidden costs, and financial exploitation. “Without urgent intervention, this growing shadow credit system could lead to devastating consequences,” says Leonie van Pletzen, Chief Executive Officer of MFSA. “This is especially concerning for low-income workers and young consumers, and an already over-indebted population.” “BNPL is presented as a modern, interest-free payment solution, however in reality it functions as credit,” she states. “Unfortunately…
As the continent enters a new era of mineral opportunity, infrastructure remains a challenge. Only when the continent’s countries, resources, markets and people are fully connected, can Africa reach its potential. A new report offers hope on how to finance these infrastructure needs. A confluence of dynamic developments in society and the global economy gives the African mining sector a number of exciting opportunities. However, a significant bottleneck remains in the continent’s infrastructure gap. Key players are working to unlock this brake on growth, finding ways to better connect Africa through its road, rail, energy and digital corridors, so that…
Truecaller, the leading global platform for verifying contacts and blocking unwanted communications, reached a significant milestone in August as the number of monthly active users (including both Android and iOS) crossed 100 million in the MEA-region, representing a 19% growth y-o-y. “With the Middle East and Africa experiencing significant growth in smartphone adoption and mobile data adoption, we’re really happy that we’re able to solve communication problems for individuals and businesses in that region,” said Rishit Jhunjhunwala, CEO, Truecaller. “MEA, like India and many other markets, are mobile first markets with your mobile number being the primary identifier and Truecaller has…
Almost 70% of all homeowners in South Africa are women – either buying property on their own or jointly with men – with more opting to do so alone than ever before. Furthermore, among those women applying for home loans, it is buyers under the age of 40 who are leading the charge, says Bradd Bendall, BetterBond’s National Head of Sales. “BetterBond’s data shows that the percentage of home loan applications submitted by women has climbed from 36% in 2016 to nearly 42% a decade later,” says Bendall. “What’s particularly noteworthy is that younger women lead the way when it…
e-Qwip, an innovative new equipment solution, is set to revolutionise the mining and construction sector, offering rebuilt Caterpillar 777 trucks at a fraction of the new price, with a 24-month CAT warranty. The new market player forms part of Barloworld and offers OEM-aligned lifecycle solutions aimed at Caterpillar fleet owners who are looking for value, reliability and peace-of-mind, with proven Caterpillar performance. The e-Qwip offering fills an enormous need in the construction-equipment market, initially focused on the iconic CAT 777 dump trucks. The company’s rebuild process involves the complete teardown of the pre-owned machine to its frame, followed by a…
The first-generation S60 debuted in 2000, introducing Volvo’s new design language, sportier driving dynamics, and cutting-edge safety features. With nearly 600,000 units produced, it became a global success, challenging perceptions of what a Volvo could be. The S60 R set a new benchmark for Volvo performance, a spirit that continues today in the T8 Recharge plug-in hybrids. 2025 is a significant year for the 60 series of the Volvo lineup, with the original S60 sedan celebrating its 25th anniversary. Unveiled in 2000, the svelte, Peter Horbury-designed executive sedan combined Volvo’s signature safety with a more driver-focused appeal, taking the fight…
High-potential tech startups supported by Telkom FutureMakers and Aions Creative Technology are gaining the operational support, strategic insight and hands-on mentoring needed to move beyond survival mode and into scalable, investable growth. “This partnership is about cultivating a new generation of scalable, investable tech businesses,” says Tshepo Phetla, Head of Business Development at Telkom. “We’re seeing first-hand how the right interventions can fuel success, especially for young, black and women-led enterprises.” Unlike traditional investors, Aions embeds itself in the businesses it supports. From refining go-to-market strategies to strengthening back-end infrastructure, its approach is focused on long-term value creation, not quick…
Jacaranda FM is proud to announce the return of its award-winning women’s empowerment campaign, Her Perfect Pitch, for its fourth consecutive year. With a powerful new theme, Unlock the Next Level, this initiative continues to spotlight inspiring, women-led businesses across South Africa, offering them the exposure, mentorship, and support to achieve real business growth. Launched to coincide with Women’s Month, Her Perfect Pitch 2025 invites female entrepreneurs to enter for a chance to win R500 000 worth of advertising on Jacaranda FM, a comprehensive package that includes the conceptualisation, professional production, and creation of a dedicated radio advert, alongside extensive digital amplification across Jacaranda FM’s platforms.…