Armed gangs loot SA gold smelters

Business News 25.11.2020 05:05 am

Armed gangs loot SA gold smelters

Among several incidents described as ‘audacious armed robberies’, in March a gang of 20 armed men stormed a gold plant 140km west of Johannesburg.

For the past two years, armed gangs have been mounting brazen attacks at gold-smelting facilities in South Africa, with Dubai, India and China being the main destinations for the loot, according to the latest issue of the Risk Bulletin.

Moody’s also downgrades municipalities, SANRAL and Ekurhuleni Water Care Company

Business News Moody’s also downgrades municipalities, SANRAL and Ekurhuleni Water Care Company

Moody’s Investors Service has now also taken rating action on seven South African local governments and two government-related issuers (GRIs).
Get more than you bargained for with Standard Bank this Black Friday

Get more than you bargained for with Standard Bank this Black Friday

For many customers, this Black Friday will be a digital one and considerations such as the safest way to shop online, finding the best deals from the comfort of their homes and maximising their online spend, will be high on their priority list.
FNB tightens digital security for shoppers ahead of Black Friday

Personal Finance FNB tightens digital security for shoppers ahead of Black Friday

South African consumers have always been wary of online shopping because they did not feel safe divulging their confidential banking information online.
Go into Black Friday 2020 well-prepared, be wary of making more debt

Personal Finance Go into Black Friday 2020 well-prepared, be wary of making more debt

‘Used responsibly, credit can help people afford items they might not otherwise be able to buy, but it is essential that consumers only spend what they can afford to repay,’ says Lee Naik.
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Omnia shares buoyant

Business News Omnia shares buoyant

Shareholders can expect a good dividend at year-end.
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Stark stats about SA’s debt

Business News Stark stats about SA’s debt

Part of this would be accounted for by the repayment holidays extended by the banks at the start of the lockdown in March this year.
Finally, compensation for Kuga owners whose cars went up in flames

Personal Finance Finally, compensation for Kuga owners whose cars went up in flames

According to the NCC it engaged with 76 consumers during the mediation period and resolved 53 of them. Three claims were rejected as the losses didn’t fall within the parameters of the settlement agreement.
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SA plans to spend R5bn on Covid-19 vaccines, Mboweni reveals

Business News SA plans to spend R5bn on Covid-19 vaccines, Mboweni reveals

Mboweni did not specifically mention the international Covid-19 consortium that South Africa is participating in.
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Exchange controls notice halted

Business News Exchange controls notice halted

The review is ‘limited to providing clarification on the scope of changes to the announcement related to the reclassification of inward-listed instruments’.
Burning trucks is ‘economic sabotage’, says economist

Business News Burning trucks is ‘economic sabotage’, says economist

The new modus operandi is to throw petrol bombs from bridges onto trucks, as most of the burning trucks are found near bridges.
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No let-up in home rental price slide

Business News No let-up in home rental price slide

In real terms, rents are down by an average of 1.2% in the first nine months of this year.
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Consumers warned of overspending on Black Friday, but will they listen?

Personal Finance Consumers warned of overspending on Black Friday, but will they listen?

Although consumers were warned about overspending often, a recent survey by Debt Rescue showed that these appeals more often fell on deaf ears.
What if your employer does not pay your bonus or 13th cheque this year?

Personal Finance What if your employer does not pay your bonus or 13th cheque this year?

We have all suffered financially this year, with many people having to make do with a reduced salary while some were retrenched. For those of us still lucky enough to have a job, that bonus or 13th cheque is a prick of light in the darkness that is 2020. But what if your employer says no bonus or 13th cheque this year?
Getting to know the online consumer – meet the ODOmeter

Business Insight Getting to know the online consumer – meet the ODOmeter

A surprising finding is that almost half (45%) of online shoppers have never returned a product bought online.
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EDITOR'S CHOICE

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