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The Foschini Group to buy some JET assets from Edcon

The Foschini Group to buy some JET assets from Edcon

The Foschini Group said on Monday it is set to buy some stores and selected assets of JET for R480 million ($28.69 million) from Edcon's administrators, allowing the South African retailer to expand into the apparel market.

ANC in talks to allow pension funds to invest in infrastructure projects

The ANC is in discussions with the private pensions industry and National Treasury on how best to change the law to allow pension funds to invest directly in infrastructure projects.

GUGU SIDAKI: Knowledge is power to save and build wealth

South Africans spent more money than we earned and didn't save at all, the latest household savings ratio shows.

Make sure bounced debit orders don’t add to your pain

Most of us are being forced to live on less as a result of the Covid-19 pandemic. This calls for careful management of money, including making sure our debit orders don’t bounce. 

How to manage your debt better and pay it off faster

Getting into debt is easy – it’s getting out of debt that’s the hard part! 

Could you live on just a quarter of what you're earning now?

The pension that many retirement fund members end up with is just a quarter of their earnings because of the wrong savings decisions, statistics show. 

Oasis Crescent Retirement Fund in trouble for withholding benefits

The Pension Funds Adjudicator has issued two determinations against the Oasis Crescent Retirement Fund ordering it to stop withholding benefits due to members.

Court orders insurer to pay losses incurred by restaurant during lockdown

Insurance Claims Africa (ICS) has welcomed the judgment of the Western Cape high court in which it compelled insurance company Guardrisk to honour the Covid-19 business interruption insurance claims of Cafe Chameleon, a Cape restaurant.

Massmart says 1,800 Game jobs at risk

Retailer Massmart Holdings Ltd has started talks with unions to cut up to 1,800 jobs at the company's struggling Game stores as constrained spending and the new coronavirus weigh on performance.

Restaurants trading massively down one week after reopening due to alcohol ban

Restaurant owners have doubts about their ability to turn any profits, or pay off huge debts accumulated in the past few months, given the restriction on alcohol consumption.

Hundreds of jobs to go as Covid-19 forces Media24 to fold two newspapers and five magazines

Media24 is considering the closure of five magazines and two newspapers and staff cuts in a restructuring shake-up accelerated by the "devastating" financial impact of the coronavirus pandemic.

From a humiliating eviction to the pursuit of justice

Bulelani Qholani from Khayelitsha in Cape Town is in pursuit of justice after he was humiliated during evictions last week.

Kenya to emerge from virus lockdown, resume international flights

Kenyan President Uhuru Kenyatta on Monday announced a "phased reopening" of the country, with the resumption of international flights from August 1 as well as the lifting of internal travel restrictions.

Ivory Coast cocoa farmers welcome good weather for main crop

Rainfall was above average over most of Ivory Coast's cocoa growing regions last week, increasing the chances of a strong start to the next main crop in October, farmers said on Monday.

Britain set to axe Huawei 5G involvement: report

China's ambassador to Britain on Monday warned that London faced a risk to its international reputation if it blocked Huawei from the nation's 5G network.

Put your money where your mouth is on changing the world

The coronavirus has cast a spotlight on many social and environmental issues that you may feel strongly need to be addressed.

Old Mutual appoints Iain Williamson as new CEO

Financials services group Old Mutual has appointed  its former chief operating officer Iain Williamson as the new CEO with immediate effect, the insurer said on Friday.

Know when your policy can be cancelled

Many policyholders land up in a tug of war with their insurers over rejected claims that are not that funny.

Shoeless boy grows into sneaker boss

Lekau Sehoana is living his dream trying to inspire and empower young people.

You have a right to receive statements

When you enter into a credit agreement, you enjoy important consumer rights, including the right to receive a regular statement of account from your credit provider. 

Insurance relief: Downgrade or pause cover?

Many insurers offered premium relief for three months from April to June, but if you are still not earning or earning in full, you can still ask for premium relief.

WATCH: Tshwane family goes car shopping after botched R5.7m UIF payout

A 25-year-old Pretoria warehouse worker allegedly blew through some of the R5.7m in Covid-19 relief funds irregularly paid into his personal bank account by the Unemployment Insurance Fund (UIF).

'Only Grade R, 6 and 11 will return to school on Monday', says Education dept

The department of basic education has announced that, after careful consideration of all the reports by the council of education ministers, only Grade R, 6 and 11 will return to school on Monday.

Tips to get the best insurance for your budget

SPONSORED | The value of maintaining your cover, particularly during uncertain times

Mary Robinson to lead probe into African Development Bank chief

Ireland's former president Mary Robinson will lead a panel to investigate the leader of the African Development Bank (AfDB), accused by whistleblowers of corruption, the bank said.

Ace Magashule defends ANC decision to reinstate Limpopo officials fingered in VBS looting

ANC secretary-general Ace Magashule said on Wednesday the ruling party's decision to reinstate officials implicated in the looting of VBS Mutual Bank is not showing a middle-finger to the public but rather a matter of justice

South African insurers face R4bn in claims from 500 virus-hit firms

Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to 4 billion rand, the firm representing the businesses has calculated.

Fans shocked by Jada Pinkett Smith’s alleged affair with August Alsina

American singer August Alsina had the internet shaken to the core on Wednesday when he claimed to have had an affair with actress Jada Pinkett Smith.

Zondo on Prasa looting: How can there be no visible action to recover R2.6bn?

Deputy chief justice Raymond Zondo was on Tuesday at pains to understand how no one was held accountable for rampant looting at the Passenger Rail Agency of SA during the Zuma years.
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