Category BreakingNews

Daily Maverick

Bulgarian entrepreneur Boris Kodzhov quietly launched three online trading platforms in South Africa for CFDs, attracting millions in deposits. Despite his success, Kodzhov was a former cleaner living off a government grant and claims ignorance of his companies. One platform shut down after collecting R30 million, while the other two thrive with over R240 million in deposits.

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TechCentral

Consumers can now shop for groceries on Checkers Sixty60 service via web browser, eliminating the need for a smartphone app. Shoprite Holdings announced the new desktop shopping service, available in beta form at beta.sixty60.co.za, catering to users who prefer shopping on computers. This update also allows Huawei device users to order from Checkers Sixty60 through the website.

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Moneyweb

Olympus Sandton development achieves nearly R1bn in sales within days, prompting immediate release of The Apollo tower. Joint developers Growthpoint and Tricolt respond to overwhelming demand for luxury apartments, with 295 units sold during public sales launch weekend. Convenient access to premier amenities emphasized.

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BusinessTech

South Africa’s Business Confidence Index remains flat at 45 in Q1, below the neutral mark of 50. Despite a slight improvement from last year, four out of five sectors saw a decline in confidence. The only positive was a surge in sentiment around new vehicle sales. The survey conducted in February showed pessimism due to international relations uncertainty following US aid cut announcement.

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BusinessTech

Spur Corporation expands to 726 stores in 15 countries by 2024, up from 687 in 2023. 21 new restaurants opened in six months, with 5 closures in South Africa. 12 new international stores opened, totaling 107. Group exits underperforming region in Saudi Arabia due to global challenges.

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TimesLIVE

Crime expert Johan Burger criticizes Johannesburg for imposing bylaws restricting CCTV camera use without consulting citizens. The new bylaw prohibits sharing footage on social media, requires approval for cameras in public places, and limits camera movement. Burger suggests public consultation is necessary to determine community security interests before implementing such regulations.

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BusinessTech

PriceCheck’s grocery basket analysis shows that Checkers offers better prices on popular food items compared to Pick n Pay and Woolworths. The e-commerce platform, founded in 2006 by Kevin Tucker, compiled data on 29 common household items to make this comparison. Checkers emerged as the most cost-effective option among the three major South African retailers catering to the middle class.

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Daily Maverick

Fake news and misinformation spread through social media highlighted in Parliament on March 5, 2025. South African Police Service’s Crime Intelligence unit faces reputation issues, with former head Richard Mdluli now a convicted criminal. Allegations of looting secret service account persist. Police Minister Senzo Mchunu addresses concerns of targeted allegations.

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eNCA

Six constables from Ekurhuleni Metro Police arrested by IPID for allegedly stealing R120,000 from a Congolese businessman. Aged 31-39, linked to EMPD Drug Unit. More details from eNCA Senior reporter, Silindelo Masikane.

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Eyewitness News

MMC Mgcini Tshakwu spearheads crime clean-up targeting undocumented foreign nationals. Police seize illegal goods with help from Home Affairs and private security.

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