Daily Dive

Daily Dive

Cash-in-transit tsotsis NO match for brave guard!

Dailysun Police in Mbombela are investigating an attempted cash-in-transit robbery on the N4 Road in Mpumalanga. A vigilant security guard driver averted the heist, causing the suspects’ Mercedes-Benz to catch fire. Multiple vehicles were involved, including a grey Toyota Fortuner…

South Africans kiss R520 billion goodbye

BusinessTech Finance Minister Godongwana revealed that the government used R520 billion from crucial sectors to bail out state-owned enterprises. At the launch of the World Bank report “Driving Inclusive Growth in South Africa,” he emphasised the need for policy actions…

ANC appoints new economic policy chief

Moneyweb Zuko Godlimpi, deputy minister of trade and industry in Cyril Ramaphosa’s administration, has been named head of the economic transformation committee by the African National Congress. He is considered a potential future finance minister. The ANC’s restructuring follows opposition…

Major bank in South Africa ‘discontinued’

BusinessTech Bidvest Group has classified Bidvest Bank as a discontinued operation in its latest financial results, preparing for its sale to Access Bank. The Financial Services segment was dismantled, with Bidvest Bank and FinGlobal up for sale. Access Bank agreed…

South Africa slumps on Trump and load shedding

BusinessTech South African factory sentiment worsened in February, marking a fifth consecutive month of decline due to global trade concerns, US tensions, and power cuts. Absa Group Ltd.’s Purchasing Managers’ Index dropped to 44.7 from 45.3 in January, reflecting weakened…