Nedbank rebuked for violating imitation clause

Allan Gray has narrowly won the battle against Nedbank in a fight over whether the latter copied its advertisements. The investment manager is unhappy about Nedbank’s ‘Bank Your Time’ advertising campaign, which aims to show that its digital banking solutions can help save time for their clients.

Grey list reprieve widely welcomed, but caution urged

The Financial Action Task Force (FATF) decision to delist SA from its grey list, marks a quick turnaround for a country once accused of looking the other way on money laundering and terror finance.

More than 1 000 SA businesses fold

The latest liquidation statistics show that SA has surpassed the 1 000 threshold in terms of business closures this year, with August contributing another 127 liquidations to the total.

Prominent businessman sued for R123.7m

Prominent businessman Lazarus Zim has been summonsed by a former stockbroker to pay him nearly R123.7m plus interest, for allegedly breaching an agreement linked to a broad-based black economic empowerment (B-BBEE) transaction involving JSE-listed Northam Platinum.

Signs of hope for technically insolvent Cell C

Cell C remains technically insolvent, but there are signs that it is starting to turn the corner ahead of a possible listing.

Online casino ordered to remove gambling ad

The use of cartoon characters, a giant doll and bright floating Lotto balls in a daytime television advert for gambling has seen Jackpot City fall foul of the advertising code.

Luxury travel agency’s gag bid thrown out

The Gauteng High Court (Johannesburg) has thrown out a luxury travel agency’s urgent bid to gag disgruntled clients who called the company a ‘scam’, while describing its trips as ‘the worst experience ever’ and a ‘disaster’ on social media.

MTN's shares crash over grand jury probe

MTN shares yesterday crashed, wiping out some R30bn in shareholder value at one point, as investors digested the prospect of increased risk of a sizeable hit stemming from its venture in Iran.

Court torpedoes R200bn Karpowership plan for good

A plan to station floating power-generation ships in three SA ports which was championed by former Energy Minister Gwede Mantashe, will no longer go ahead, according to TechCentral.

Zondo slams Ramaphosa over flawed appointments

Former Chief Justice Raymond Zondo has delivered a scathing rebuke to President Cyril Ramaphosa, saying it had pained him to swear in Cabinet Ministers who had serious state capture findings against them.

Illegal billboard owners give city the middle finger

Billboard owners, emboldened by industry intimidation tactics and government inaction, are costing local and national authorities millions of rands in lost revenue a Daily Maverick Investigation has found.

Regulator targets surge in online scams

SA’s financial-markets regulator is ramping up its operations to combat a surge in online scams, reports Moneyweb.

Mashatile family linked to lottery licence award

Adding to concerns over possible political interference in the award of the fourth national lottery licence, it has emerged that Sizekhaya Holdings, which landed the lucrative licence to operate the national lottery for eight years, has links to Deputy President Paul Mashatile.

How former Prasa bosses scored millions revealed

Former Prasa executives are at the helm of contractors accused of defrauding the parastatal of millions by grossly overcharging for their services while delivering substandard workmanship.

Acsa CEO takes steps to foil 'construction mafia'

Airports Company SA (Acsa) is taking an extreme measure to prevent its R21.7bn infrastructure programme from being derailed by the ‘construction mafia’ – secrecy.

SA moves on lifting greylisting

SA has completed all 22 action items that were required by the Financial Action Task Force (FATF) that greylisted the country in February 2023, opening the way for a possible lifting of the listing in October this year.

Digital visas bring more travellers to SA

A new digital visa scheme piloted by the Department of Home Affairs has drawn more than 11 000 tourists from China and India to SA in three months, with officials hailing it as a breakthrough for tourism and job creation, according to TimesLIVE.

Major relief as Trump backs down on tariffs

US President Donald Trump last night lowered tariffs on goods from dozens of countries to 10% for 90 days.

Officials dismissed over illegal hospital tender

Five Gauteng Government officials have been dismissed for their role in awarding an irregular tender to refurbish a private hospital for over half a billion rand.

Spar accepts SCA’s ruling on credit dispute

Spar has acknowledged the SCA’s decision to dismiss its request for special leave to appeal in its long-running credit dispute with the Giannacopoulos Group, Business Day says.