Author: Imali-admin

Vodacom to slash out-of-bundle data prices by half

Vodacom pre-paid customers can heave a sigh of relief. The mobile network giant has announced it will slash out-of-bundle data prices by 50 percent from the 15th of this month. This as the new 99 cents per megabyte tariff comes into effect. The out-of-bundle rate has already been reduced to 89 cents per megabyte for post-paid customers from 1 October. Vodacom said it’s trying to encourage customers to use bundles. Group CEO of Vodacom, Shameel Joosub said “Over the last few years, we’ve significantly brought down the cost of voice tariffs and moved customers to more affordable plans. We undertook to...

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SARS threatens fines and jail time for taxpayers not paying their due

SARS has announced that it will intensify criminal proceedings against tax offenders from October. In a statement released on Thursday, the revenue collector warned South African taxpayers to “pay your taxes or pay the price”, after it had seen a large increase in taxpayers not submitting their returns within stipulated timeframes. “We have noticed an increase in taxpayers not submitting their tax returns by the stipulated deadlines‚ and not settling their outstanding debt‚” SARS said. “This is not limited to the current tax year but includes substantial non-compliance across previous tax years. It is for this reason that from October...

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It’s about Tyme – SA has first new bank since 1999

Johannesburg – South Africa has a new bank, backed by billionaire Patrice Motsepe’s African Rainbow Capital (ARC). South African fintech outfit Tyme announced on Thursday that it has been granted a licence by the South African Reserve Bank. The operating licence to TymeDigital by Commonwealth Bank SA is the first issued to a new bank by SARB since 1999. TymeDigital’s CEO Sandile Shabalala said at a press briefing in Rosebank that they can now offer South Africans the ability to open accounts and transact securely within minutes. Last month, ARC said it would buy a 10% stake in Tyme, that...

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Capitec now SA’s second-biggest bank

JOHANNESBURG – Capitec Bank has made a giant leap in the banking sector, becoming the second biggest bank in the country by client numbers. With just over 9-million clients, the retail bank recorded more than 100,000 people joining it clientele each month last year further hopping to a 30 percent growth in its share price so far this year. The bank also reported an increase in earnings of 17 percent in six months to the end of August, becoming the third biggest in terms of market value. Its CEO Gerrie Fourie, a former general manager at Stellenbosch Farmers Winery...

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Watch out for SMSes and emails looking to rake in money from “stagnant” fines

A private company called Syntell has embarked on SMS and email campaigns which purport to originate from the Road Traffic Infringement Agency (RTIA), seeking to rake in money from “stagnated” traffic fines issued by the Johannesburg Metropolitan Police Department (JMPD). This is according to the JPSA’s Howard Dembovksy, who says that the company contracts its services to several traffic authorities around South Africa. In the latest email campaign sent from “RTIA@trafficnotification.co.za”, recipients’ names, full national identity numbers and vehicle details, as well as a list of some of their outstanding AARTO infringement notices are displayed for all to see,...

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