Moneyweb@Midday

[TOP STORY] Financial stress deepens as middle class faces mounting money strain

‘In South Africa, the average indebtedness is that 80% of people's take-home pay goes towards funding debt,’ says Gary Kayle, CEO of Worth.

13 Nov 7AM 8 min

Sports betting craze fuels 623% spike in calls for help

Key takeaways from the finance minister’s mid-term budget address. How financial stress is quietly draining SA’s health and wealth. And why insurance growth could be Africa’s next big capital mobiliser.

13 Nov 5AM 33 min

[TOP STORY] Johannesburg on high alert ahead of possible G20 shutdown

‘It does mention the national shutdown on 21 November, with the information we are gathering, there is a possibility of major disruptions not only in the City of Johannesburg but across the province and even possibly the country,’ says JMPD Superintendent Xolani Fihla.

12 Nov 7AM 8 min

SA’s middle class banking smarter and saving more

JMPD warns against increase protest action ahead of G20. Giddy-up! A smart new era for equine insurance. And how SA entrepreneurs are powering a R4bn advertising revolution.

12 Nov 5AM 31 min

[TOP STORY] Industrial alarm as Samancor warns of mass ferrochrome retrenchments

‘Glencore also issued a similar warning that the electricity prices and the import costs of other goods are impacting them significantly, and therefore, if this happens, they will have to embark on a large-scale redundancy process,’ says Lucinda Hinxman, head of employment and labour law at CMS South Africa.

11 Nov 7AM 7 min

Community-led online dialogue cuts misinformation by 82%

Samancor’s Ferrochrome future in doubt – A warning shot for energy-intensive industries. Why the mid-term budget is expected to strike a balance between saving and supporting the economy. And Gen Z’s work ethic forces a rethink of governance and risk.

11 Nov 3AM 32 min

[TOP STORY] Sarb’s rule change adds red tape for offshore investors

‘We’ve worked so hard over the last two years to get off the FATF grey list and make it attractive for foreign investment, and now you throw sand in their eyes and make it difficult for them to invest here,’ says Michael Kransdorff, director of the Institute for International Tax…

10 Nov 7AM 6 min

Trump's G20 boycott: ‘SA diplomatic efforts not at fault’

Why the Sarb’s exchange control shake-up risks driving away foreign investors. A global expert says businesses must evolve in the way they understand, engage and serve customers as expectations soar. And from Cape Town to the world: Tutu Foundation invites the world to write for peace.

10 Nov 5AM 30 min

[TOP STORY] Debt counselling sector faces overhaul amid rising consumer exploitation

'We want to raise the bar for professionalism in the industry, because we believe that the time is now and the review is necessary, and we want to ensure that only qualified, ethical counsellors are allowed to practice,' says René Moonsamy, chairperson of the National Debt Counselling Association.

7 Nov 8AM 8 min

Are year-end bonuses a legal right or a workplace privilege?

Crackdown on rogue debt counsellors as National Debt Counselling Association proposes new standards. A new report says the future consumer wants simplicity, self-expression and science-backed wellness. And a seven-year study maps the DNA of successful entrepreneurs.

7 Nov 5AM 34 min

[TOP STORY] Fintech, AI and growth: Romeo Kumalo’s African investment thesis

‘A lot of the ventures that we are looking to back are businesses that are changing people's lives, but they are also innovating around digitisation and around financial inclusivity,’ says the co-founder of LLH Capital.

6 Nov 8AM 8 min

A malaria-free future could be on the horizon

Investment heavyweights double down on growth after landmark Optasia listing. SA’s children are not safe, a new report demands change. And why SA firms are stepping up cyber defences amid rising global threats.

6 Nov 5AM 32 min

[TOP STORY] Shock closure of Irma Stern Museum raises heritage protection questions

‘What went wrong here is not so much the concerns about the financial model, but the fact that the public and the greater art industry weren’t taken into confidence to try and assist in finding alternative ways to keep the museum open,’ says Frank Kilbourn, chairperson of Strauss & Company.

5 Nov 7AM 6 min

New one-stop border bill aims to cut delays

Art lovers outraged over sudden Irma Stern museum closure. What’s driving SA’s tourism surge? And why salary increases in SA aren’t keeping up with life’s rising costs.

5 Nov 5AM 33 min

[TOP STORY] Cabin crew lockout tests FlySafair’s resilience ahead of festive rush

‘It was important to us that we initiate this lockout in order to be able to put pressure on the situation and that we get the maximum focus on ensuring that we get this across the line as soon as possible,’ says FlySafair’s chief marketing officer, Kirby Gordon.

4 Nov 8AM 7 min

42% of South Africans gamble monthly, a rising social concern

‘No disruptions expected’, says FlySafair amidst latest cabin crew strike threat. Why removing medical aid tax credits will make private healthcare unaffordable for many. And how EdTech can sustainably improve education outcomes across the country.

4 Nov 5AM 31 min

[TOP STORY] Transport Department clears confusion over new car licence rules

‘There haven't been any changes to the National Road Traffic Act. What could possibly be happening is the Western Cape introducing their own SOP in terms of how things should be done regarding the renewal of the disc,’ says Department of Transport spokesperson, Collen Msibi.

3 Nov 7AM 8 min

Steel sector decline indicative of struggling economy

The transport department clarifies reports on ‘big changes’ coming for car licenses. Why the steel sector decline should be a rude awakening for those tasked with growing the economy. And a secret GNU weekend retreat and what it could mean for the coalition government.

3 Nov 5AM 32 min

[TOP STORY] Partnerships, not politics, seen as key to saving Johannesburg

‘It’s not too late to save Johannesburg. It's really about a partnership between government, the citizens, and the commitment to make the city better,’ says Rise Mzansi national chairperson, Vuyiswa Ramokgopa.

31 Oct 10AM 8 min

R8bn Winelands Airport gets environmental green light

Despite bomb squads and promises, Joburg is still falling apart and its residents have had enough. Businesses must register for energy performance certificates, or face the wrath of the law. And nostalgia, tech and collectables dominating Christmas shopping.

31 Oct 6AM 31 min