Category News

DA slams R400 million salaries of CEOs of failing state-owned entities

The South African

The DA condemns high executive salaries in South Africa’s SOEs, revealing over R400 million spent annually despite ongoing bailouts and poor performance. Executives earn salaries exceeding national guidelines, lacking oversight and public accountability. Examples include DBSA CEO earning R15.5 million, Transnet’s CEO earning R8.5 million amid struggles, and PRASA CEO earning R7 million.
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Joburg launches roadshows for R500m spaza shop support fund

SABC News

The City of Johannesburg is launching roadshows to promote the R500 million Spaza shop support fund, offering financial and non-financial aid to township and rural entrepreneurs. Eligible spaza shop owners can receive up to R300,000 through grants and interest-free loans. The roadshows will run until July in all seven city regions, encouraging compliance with food safety regulations and other requirements.
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WeBuyCars has big expansion plans

MyBroadband

WeBuyCars plans to double its buying stations to reach goal of 23,000 cars a month by 2028. The company, founded by Faan and Dirk van de Walt, buys and sells second-hand vehicles. They recently added 10 new pods, bringing total to 93 nationwide. CEO aims for 200 pods in 3-4 years, expanding service accessibility across South Africa. New facilities planned in Vereeniging, Landsdowne, and Montana.
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Minister Gayton McKenzie faces backlash over support for Starlink in South Africa

IOL

Minister of Sports, Arts and Culture, Gayton McKenzie, faces backlash for supporting a proposal to relax B-BBEE requirements for licensing satellite communication services like Starlink. His comments on X sparked criticism for contradicting his previous commitments. McKenzie expressed optimism about Starlink’s potential to provide faster and cheaper internet access in a country with high data costs.
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The couple putting South African food on the map in London

BusinessTech

Husband and wife duo, Amy Corbin and Patrick Williams, blend modern European cooking with South African flavors at Kudu Collective in London. They opened Kudu restaurant in 2018 in Peckham, expanding to other locations. Williams, the executive chef, draws inspiration from his South African roots, influenced by his parents’ cooking. Corbin adds a family feel to the restaurants.
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