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3 days ago | 
dailyinvestor.com | Bianke Neethling
Finance Minister Enoch Godongwana said income tax is the most effective way to tax the wealthy, and generates multiple times more revenue for the fiscus more efficiently and cost-effectively. The minister said this in his response to a Parliamentary question from MK Party MP Sanele Mwali. South Africa has toyed with the idea of implementing a wealth tax for years, with proponents arguing that it could address the country’s severe inequality.
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4 days ago | 
dailyinvestor.com | Bianke Neethling
Under United States President Donald Trump’s policies, the mining, manufacturing, and automotive sectors face significant barriers, leaving investors and local businesses uncertain. PSG Wealth’s chief investment officer, Adriaan Pask, said Trump’s so-called ‘Liberation Day’ tariffs, announced in early April, significantly complicate matters for local businesses and investors.
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4 days ago | 
dailyinvestor.com | Bianke Neethling
The Lewis Group’s most recent trading statement predicts a significant earnings jump, and investors have reacted positively. The Lewis Group is a leading retailer selling furniture, home appliances, electronic goods and homeware through its trading brands Lewis, Best Home and Electric, Beares, Bedzone and UFO. It is South Africa’s largest furniture chain.
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4 days ago | 
dailyinvestor.com | Bianke Neethling
The Financial Sector Conduct Authority (FSCA) has imposed a R3 million administrative sanction on Ninety One Fund Managers South Africa. The FSCA announced today that Ninety One failed to comply with certain provisions of the Financial Intelligence Centre Act (FICA). The administrative action includes a financial penalty of R3 million, a directive to remediate the identified contraventions and a caution against future breaches.
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4 days ago | 
dailyinvestor.com | Bianke Neethling
Tiger Brands has provided an update on the interim relief it intends to offer certain claimants in the company’s class action Listeriosis case. South Africa’s 2017/18 listeriosis outbreak was the largest recorded in history, with over 1,000 infections and 218 deaths. The National Institute for Communicable Diseases (NICD) linked the outbreak to contaminated ready-to-eat processed meat products from Tiger Brands’ Enterprise Foods facility in Polokwane.
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4 days ago | 
dailyinvestor.com | Bianke Neethling
Property developer Calgro M3 experienced a significant decline in revenue and profit in its 2025 financial year. Calgro M3 is a property and property-related investment company specialising in the development of Integrated Residential Housing Developments and the development and management of Memorial Parks. The company released its results for the year ending 28 February 2025 on Monday, 12 May 2025.
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4 days ago | 
dailyinvestor.com | Bianke Neethling
Discount retailer Boxer added 48 net new stores to its network in its 2025 financial year, bringing its total estate to 525 stores. Boxer released its results for the year ended 2 March 2025 on Monday, 12 May 2025, which revealed a mixed set of results. Positively, Boxer’s revenue grew by 13.15% to R42.75 billion in the 2025 financial year. The retailer reported like-for-like sales growth of 5.6%. However, the retailer struggled to contain costs in the 2025 financial year.
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5 days ago | 
mybroadband.co.za | Bianke Neethling
Insurance fraud has become increasingly organised and technologically advanced in South Africa, and it has the potential to cost local insurers billions. Santam’s head of business integrity, Jerry Chetty, explained that fraudulent claims have a far-reaching knock-on effect. “Insurance fraud is a criminal offence, and those who submit false claims face criminal prosecution and could end up with a criminal conviction against their name,” he said.
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5 days ago | 
dailyinvestor.com | Bianke Neethling
After years of slow growth and infrastructure issues, KwaZulu-Natal is poised to become a high-growth area for property development in the country. Rainmaker Marketing recently launched the second edition of its North Coast Property Market Report, which revealed strong population and income growth across KwaZulu-Natal.
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5 days ago | 
mybroadband.co.za | Bianke Neethling
Over the past five financial years, over R19.52 million has been generated through fines issued at OR Tambo International Airport in South Africa. Justice and Constitutional Development Minister Mmamoloko Kubayi recently revealed this figure in response to a parliamentary question from the DA’s Mathew Cuthbert. She outlined that, over the past five financial years, from 2019/20 to 2023/24, R19,524,244.21 has been generated through fines at OR Tambo International Airport.
