Beware these Black Friday scams
Criminals use Black Friday to defraud South Africans, meaning consumers should be vigilant during this period. Source: MyBroadband
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What the latest rating downgrades mean for the average South African
South Africa sunk deeper into junk territory on Friday (20 November) after Moody’s Investors Service joined Fitch Ratings in lowering the country’s credit ratings. Source: BusinessTech
South Africans paying millions to give former ministers free business class flights
Former South African ministers and their partners have been getting free flights – totalling tens of millions of rand – at the expense of taxpayers. Source: MyBroadband
Demand for space sees shift towards these types of homes in South Africa
One of the characteristics of the post-lockdown resilience in the housing market is the strong demand from young and first-time buyers – with the latter, according to Ooba, currently comprising 52.4% of residential property purchases for the year to September 2020. Source: BusinessTech
These cars are clocking up the most mileage in South Africa
While motorists have clocked far fewer kilometres in 2020 – as lockdown limited movement and working from home has become more popular – an analysis of AutoTrader data has revealed interesting trends. Source: BusinessTech
Government’s cybersecurity website left unsecured for a week
The South African government’s CyberSecurity Hub, which is tasked with dealing with cybersecurity issues reported by South African residents, left its website’s security certificate expired for a week. Source: MyBroadband
New Discovery data shows death and illness statistics for South Africa
Insurer and medical aid Discovery has published new data showing that it has paid out a total of R1.48 billion in group risk claims in 2020. Source: BusinessTech
How these South Africans are making money from government’s slow service delivery
Four men from Nyanga in the Western Cape have started a business to queue for township residents at government facilities known for having long lines. Source: BusinessTech
How to calculate your credit score – and why it’s so important
While the economic crisis caused by the Covid-19 pandemic has left 85% of South Africans in need of financial help, recent data has shown that South African’s credit scores are going up after the national lockdown which began in March this year. Source: BusinessTech
ANC to discuss fate of Ramaphosa’s rival
The top leadership of South Africa’s ruling African National Congress will meet next week to discuss the fate of one of its top officials who is facing criminal charges, deliberations that could have a major bearing on the party’s internal power dynamics. Source: BusinessTech