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Did SA man mastermind world's biggest ponzi scheme?

Cobus Kellermann, the man accused of running the biggest Ponzi scheme in the world - worth more than R200-billion - says he can't say if it is indeed a Ponzi scheme.

Energy crisis is 'wonderful opportunity' - former Eskom CEO

Don't think disaster, think opportunity - former Eskom CEO Jacob Maroga looks on the brighter side of load-shedding.

Used cars leave new cars in the dust

Selling new cars is a tough ask right now.

Market ovation as Capitec proves naysayers wrong

Capitec's share price has surged more than 137% since Gerrie Fourie took over from Riaan Stassen last year as the bank's boss.
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Fishy franchisor next in line for liquidation

The troubled Old Fashioned Fish and Chips franchising company, which was responsible for signing up franchisees, is now also in line to be liquidated after the High Court in Pretoria awarded an order to a frustrated franchisee this week.

Web businesses' uphill battle to make it in Africa

Africa's economic growth rates and rising youth population mean that more and more entrepreneurs are looking to the continent for business opportunities.

Nigerian investors hoping Jonathan's luck runs out

As President Goodluck Jonathan left the floor of the Nigerian Stock Exchange after a visit two weeks ago, traders sang For He's a Jolly Good Fellow. Some investors would prefer that he keeps walking.

Why Warren Buffett is bad for your health

Warren Buffett knows you are weak. Even if you hit the gym regularly and demonstrate Buffett-esque discipline with your investments, sooner or later you are going to gulp down a sugary cold drink and put your money into mac and cheese with a bright orange hue.

Basil Read aims to end bleeding

Basil Read's share price was unchanged at the close of trade on Friday despite the release of dismal annual results.
A worker walks past cell phone accessories at a Vodacom shop in Johannesburg

Vodacom drops price bomb on subscribers

Vodacom, South Africa's largest cellular network operator by subscriber numbers, pushed the wrong buttons this week, raising the ire of customers furious about an increase in contract prices that will kick in from May.

Pattison powers on for US energy company

Grant Pattison, who was selling generators as CEO of Massmart until September last year, will now peddle renewable energy solutions - taking advantage of the power crisis in South Africa.

Factory sector is running on empty

Manufacturing in South Africa is in serious trouble and the situation continues to worsen.

Casino group has given us a good ride, but we may flog it - MIC

Sun International has kept shtum since launching its R9.4-billion tilt at gaming group Peermont, the owner of Gauteng's lucrative Emperors Palace casino.
Worker is reflected next to the emblem of a Toyota Vios sedan at a stockyard of the Toyota Philippines manufacturing plant in Sta Rosa, Laguna, south of Manila

Toyota unveils revamped manufacturing process

World’s best-selling auto maker to produce half its vehicles in this manner by 2020.

Down the rabbit hole in Eskom's Blunderland

So, the president is yet to respond to my suggestion of a crowdfunded private investigation into Nkandla to clear his name and restore his reputation.

Keeping your favourite brands in the know

Andrea Rademeyer is the CEO and founder of the market research company Ask Afrika Group. She tells Margaret Harris that the biggest luxury of having a leadership role in an independent business is being able to choose the people you want to work with.

Use kitchen rules to be a better leader

Masterchef has brought out the inner chef in many of us, but the reality show may have more to teach us than the difference between choux and short pastry.

Eskom downgrade 'not due to suspensions only'

Eskom's recent credit downgrade by Standard & Poor's to "junk status" will have an impact on "the whole value chain of the energy industry", says former CEO Jacob Maroga.

Local bourse's daily gains cast in concrete

South African stocks snapped a two-day losing streak on Friday as shares in cement maker PPC rose when it announced the end of merger talks with a rival firm.

Interest rates rise expected in May

The Reserve Bank has signalled that it may raise interest rates at its next policy meeting in May - much sooner than markets had anticipated -- despite the poor performance of the economy, which has been hamstrung by electricity constraints.

Expect fireworks when WhatsApp allows calls

Whatsapp, the world's most popular smartphone instant messaging platform, has started rolling out voice services as part of its application (Android users only for now), striking fear into the hearts of mobile telecommunications industry executives everywhere.

Shared value is the only viable solution

Profitability versus sustainability - are these mutually exclusive? I hardly need to motivate why this is such an important question. Humankind stands at the precipice.

Dear Corruption Watch: No fast fix for questionable collecting tactics

Dear Corruption Watch, my neighbours complain that their municipal water and electricity bills are incorrect.

Stock Talk: Street-savvy managers credited as Capitec shares breach R500

The share price of Capitec, which has made a bundle by lending to South Africa's downtrodden, breached the psychological level of R500 for the first time this week.

Bosses not amused by Zayn fans bunking off

Zayn Malik's departure from British boy band One Direction has caused such consternation among fans that British employers have been inundated with requests for compassionate leave.

Fountainhead set to accept Redefine's sweeter offer

Redefine Properties's takeover of Fountainhead is back on the table after a change of heart on the part of the target's largest investor.

ISPs walk the online sales talk very slowly

Internet service providers are poor at responding to inquiries originating on their websites, seemingly unaware that 78% of sales from customer inquiries go to the company that responds first.
Rob Rose

Breaking news: we need 'old-school' reporting

In A few weeks, business website Moneyweb will clash with Naspers's Media24 in the high court in a case with serious implications for the business of news.

Maasdorp's exit doesn't add up for maths plan

When Leslie Maasdorp suddenly stepped down as CEO of Advtech a week ago, he left behind a raft of plans he hoped to implement this year, one of which was to launch a maths academy for pupils of public-sector schools.

How Eskom is making data centres appealing

Data centres have for a long time offered large organisations the ability to free themselves from hardware constraints, running applications and storing data in a safe and managed space.
A shopper walks past a Vodacom shop in Johannesburg

Neotel deal delay irks Vodafone

Vodafone, which owns 65% of cellular provider Vodacom, is fast losing patience with South African regulators.

TV presenter Mmarona Kgwele on rands with sense

Actress and TV presenter Mmarona Kgwele hosts ‘Rands with Sense’, a show that aims to help South Africans overcome their financial difficulties. Business Times asked her how she handles her own money.
One Swiss franc coins are seen in a cash drawer in Bern January 16, 2015. German bond yields hit record lows on Friday while fears about Greek banks sent the country's borrowing costs spiralling - signs of the fallout from the Swiss National Bank's shock decision to scrap its currency cap. A surge in the Swiss franc after the SNB abandoned its 1.20 euro limit on Thursday saw investors flee equities and other risky assets, parking money instead in top-rated bonds.

Small trader hits gold as franc soars

Some of the big guys lost on the Swiss franc. Turns out, one of the little guys won.
Fans are seen at Hong Kong Stadium during the second day of the Hong Kong Sevens rugby tournament

Cheers! It's Sevens heaven for sluggish Hong Kong

Expect champagne and pinot noir to fly off bar shelves this weekend in Hong Kong as the city plays host to its biggest party of the year, the annual Sevens rugby tournament.