Business

New Government plan can immediately increase your medical aid fees by 15%

Medical aid premiums for everyone older than 34 in South Africa can immediately increase by 15% if the government pushes through its proposed amendments to the Medical Aid Schemes Bill. This is the warning from stakeholders who presented their feedback about the planned amendments to the Department of Health. Health minister Aaron Motsoaledi has presented the National Health Insurance Bill and the Medical Schemes Amendment Bill. Motsoaledi said the bills

Permira looking to sell Teraco – Report

Permira is working with an adviser to find a buyer for its data center company Teraco Data Environments Pty Ltd., people with knowledge of the matter said. The Johannesburg-based company, Africa’s largest data-center operator, could fetch anywhere from $600 million to $1 billion including debt in a sale, said three of the people, who asked not to be identified because the information is private. No decisions have been made and

Amazon to begin selling latest Apple devices

Apple Inc. and Amazon.com Inc., two of the world’s most valuable technology companies, struck a deal to get the newest iPhones into the hands of Amazon customers. Amazon said Friday it would begin selling the most-recent iPhone, iPad, Mac computer, Apple Watch and Apple TV models on its website, along with branded accessories and headphones from Apple’s Beats subsidiary. Apple introduced the iPhone XS and iPhone XS Max in late

Alibaba goes international to hit new Singles’ Day record

Alibaba Group Holding Ltd. is looking beyond borders to turn its annual Singles’ Day shopping celebration into a global phenomenon. This Sunday, the Chinese internet giant is including sales from Lazada, the online shopping mall it controls. Southeast Asia’ biggest web retailer is becoming a key part of Alibaba’s plan to fuel growth, on top of the company’s efforts to move into shopping malls, convenience stores and food delivery. The

This is why Zimbabwe will rapidly overtake every other SADC economy

A GEOLOGIST told me: “When God drew the national boundaries, he employed a geologist who knew where all the valuable minerals are. He drew the boundaries accordingly, making the nation into the richest in Africa.” He then made sure that Zimbabweans are the best educated, by far, on the continent. Zimbabweans are best able to understand new ideas too. Since Wednesday last week they have been looking at some of

Bitcoin mania interrupted as outage triggers selloff

It takes a lot to startle fans of bitcoin, the digital gold of the moment. But Wednesday was, well, a lot – a wild run of exuberant peaks and white-knuckled declines that left even diehards breathless. The dizzying rally in bitcoin, a bull market with few precedents in investing history, was abruptly interrupted by a market outage in the US that seemed to captivate Wall Street even more than the

'KFC five' charged with attempted murder

The trial of five men accused of assaulting a couple in what is believed to be a racially motivated attack at KFC in Montana‚ Pretoria North‚ will resume in February next year. The men – Stephen Nel‚ DJ van Rooyen‚ Joshua Schultz‚ Ockert Muller and Marius Harding – appeared in the Pretoria North Magistrate’s Court on Monday‚ where their case was transferred to the regional court for trial next year.

Minister calls for investigation into ANN7 and MultiChoice corruption allegations

Communications minister Mmamoloko Kubayi-Nguabe has called for an investigation into allegedly questionable payments made by MultiChoice to Gupta-owned news channel ANN7. “We would not fold our arms as if nothing has happened. Investigations must happen‚” Kubayi said on Radio 702 on Monday. Ongoing revelations contained in the ‘Gupta leaks’ have revealed allegedly questionable payments by MultiChoice to ANN7 and the involvement of former communications minister Faith Muthambi. Kubayi-Ngubane said government