Brent crude futures fell 23c and West Texas Intermediate crude futures declined 28c as US crude stocks rose by 2.2-million barrels
Chris and Suzaan Alheit have been making some of the Cape’s finest whites for the past ten years, the latest vintage being no exception
President laments that scarcely a day passes without reports about men attacking, violating and killing women
Chair Siboniso Duma says province may well support Ramaphosa for a second term
The Bangladeshi citizens allege that both companies were aware of the alleged labour abuses — debt bondage, long hours and passport confiscation — through public reports and labour audits
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In the wake of SAA’s near-demise Comair’s market share crept up to 35%-40% by the time it too collapsed
The reshuffle comes weeks after premier Shinzo Abe was gunned down by a man angered over the Unification Church’s alleged financial exploitation of his mother
Failure to win on Saturday would put coach Ian Foster and captain under pressure in terms of their future with the team
JSE-listed Transaction Capital, which finances minibus taxis and collects debt gone bad, proves there is still scope to compete with major banks.
Through SA Taxi, the non-bank financial services group has carved out a niche in an area underserved by traditional lenders. This has paid off handsomely. The unit, whose customers do not qualify for bank finance and are therefore charged higher interest rates by SA Taxi, finances 12% of SA’s minibus taxi fleet. These 29,921 vehicles are owned by small- to medium-sized enterprises (SMEs), an area banks are accused of neglecting.
"Banks don’t have the resources to operate where we do," Transaction Capital CE David Hurwitz told Business Day on Wednesday.
SA Taxi does not rely on traditional credit-scoring metrics. Instead, it uses its own data on taxi routes. When a prospective customer applies for a loan, SA Taxi knows how profitable the proposed route is likely to be. This indicates the ability of the borrower to repay the loan.
The size o...
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