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Tax season opens: six million South Africans will be auto-assessed
SARS has begun issuing auto-assessments to around six million taxpayers between 1 and 12 July, telling most of them they need do nothing at all.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
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Idris Elba and Google want to hand Africa's storytellers the AI keys
A new programme worth more than $1 million will give 100,000 creators across five African countries access to Google's AI tools.
South Africa's new homebuyer is young, single, and going it alone
First-time buyers are driving the housing recovery, and a record share of young South Africans are buying without a partner.
The R24 billion coding site that AI quietly gutted
Prosus has written off most of the value of Stack Overflow, the developer favourite it bought in 2021, as AI chatbots empty it out.
Why Pick n Pay's boss just handed back R21 million in shares
Sean Summers has forfeited a slice of his turnaround bonus after Pick n Pay pushed its break-even target out to 2029.
1.7 million South African cars still carry a hidden danger, and the fix is free
The motor industry is launching a year-long drive to find cars with faulty Takata airbags, which are free to repair but hard to track down.
Should Washington own a slice of ChatGPT? OpenAI reportedly thinks so
OpenAI is said to have floated giving the US government a 5% stake, and wants rivals to do the same, though nothing is confirmed.
WhatsApp is about to let you skip the phone-number swap
The app is rolling out usernames so you can connect without sharing your number, and you can reserve yours this week before the full launch later this year.
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Murray & Roberts rescues its mining arm in a R1.27bn deal
The engineering group has sold its core mining-services businesses to a Differential Capital-led consortium, clearing its biggest business-rescue hurdle and saving about 2,600 jobs.
Dis-Chem's founder steps back as a generational test begins
Founder Ivan Saltzman retires from his executive role at the end of June after 48 years, handing chief executive Rui Morais a generational test.
Prosus's everyday-apps bet is paying off, even as Tencent looms
The Naspers-owned investor behind Takealot and iFood lifted profit and raised its dividend 40%, but analysts say its Tencent stake and AI spending still hang over the story.
The WeBuyCars billionaires are buying a JSE company off the market
Faan and Dirk van der Walt are teaming up with Atterbury to buy out and delist RMB Holdings in a R655 million deal, and one big shareholder could still hold out for more.