SowetanLive Business News

SowetanLive Business News

Business – Breaking SA and World News, Sports, Entertainment and more –

SowetanLIVE, published by Tiso Blackstar Group in Johannesburg, is the website of the , the English-language South African daily newspaper that started in 1981 as a liberation struggle publication and which serves a proudly South African readership who have earned the right to be in the know and on the move.

SAA gets emergency funding from development bank

Cash-strapped state carrier South African Airways (SAA) will receive R3.5bn of emergency funding from the Development Bank of Southern Africa, the airline's business rescue practitioners said on Tuesday.

Ramasela Matsemela's business puts bread on the table

After Ramasela Matsela dropped out of pharmacy school, she decided to learn how to make bread in order to feed her family.

Graduate makes a killing with iskopo

A KZN student who sold cow-head stew to fund her graduation day and support her family while applying for jobs has become a social media hit.

Book a seat at SME Summit to win one of 50 copies of ‘Sweat Scale $ell’

The Standard Bank SME Summit in partnership with BDTV takes place on March 5 2020

New ways to cut insurance premiums

New short-term insurers are innovating, investing heavily in technology and building businesses that are more consumer-friendly than their old-school competitors. 

Know what your assets and liabilities are

Understanding what you own - your assets - compared to what you owe - your liabilities, is an important step in your financial journey. 

Start saving - even a little to take bite out of rising education costs

Janu-worry is a bad month for most people after excess spending in the December holidays, but it's worse for parents of children at school or in tertiary education.

Make sure your stokvel is covered this year

SPONSORED | Nasasa Financial Services caters to the financial needs of stokvel groups and members

Verify before you send cash to your WhatsApp contact

Social media platforms, such as WhatsApp, have become a breeding ground for scams, with fraudsters taking over people’s accounts to solicit money from their contacts. 

Up to 38 flights cancelled by cash-strapped SAA

A total of 38 international and domestic flights have been cancelled by the cash strapped South African Airways between yesterday and Friday.

SAA cancels flights as its financial woes deepen

South African Airways on Tuesday cancelled a number of its international and domestic flights as the financial crisis at the national carrier deepened.

Can 'Made in Africa' cigars compete with Cuba?

While drinking in a nightclub in Mozambique in 2015, Kamal Moukheiber had an idea: a luxury cigar made not in Cuba, but in southern Africa.

Retailers TFG and Mr Price lure holiday shoppers with discounts

South African retailers The Foschini Group (TFG) and Mr Price Group reported healthy sales growth over the holiday season, with Black Friday discounts luring consumers into stores.

Reserve Bank cuts interest rates by 25 basis points

The bank cut its GDP forecasts to 0.4% for 2019, from 0.5%, thanks largely to electricity supply constraints

SAA selling nine Airbus planes and 15 spare engines - tender document

SAA has put up for sale nine of its Airbus aircraft, according to a tender document seeking proposals from interested buyers that was seen by Reuters on Thursday.

Carpentry is first love for skilfull Election Lethiba

Election Lethiba dropped out of highschool and later college before he realised he was gifted in the art of carpentry.

Mboweni holding thumbs as Treasury scrapes the barrel to keep SAA flying

SA is scrambling to find extra funding to rescue SAA, which last month entered a form of bankruptcy protection in an effort to save the state-owned company and about 10,000 related jobs.

Don't gamble with your and family’s health and wealth

If you gamble as a pastime, you should not to spend over 2% of your discretionary income. Anything more will take you into the dangerous territory of gambling addiction.

Beware of debt administrators that can imprison you with high charges

When you can’t afford to repay all your debts, debt administration may appear to be a good solution, but beware the costs.

Start your financial year off on the right footing

The start of the new year represents a chance to better manage various aspects of our lives, especially our financial wellbeing. Here are three key goals to strive for in 2020.

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