Cape Town Finance

“The most liberating achievement for entrepreneurs is: nobody cares about you!

Serial entrepreneur Nic Haralambous explains why unfounded social fears will limit you and your side goals from hustling. “Nobody cares about you,” says Nic Haralambous, entrepreneur and author (How to Start a Side Hustle). It’s a positive thing when it comes to entrepreneurship because achievement sets you free, he says. …

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Wuhan General Group appoints Michael Sachar CEO of M2Bio Sciences Food & Beverage

CAPE TOWN, SA / ACCESSWIRE / May 20, 2021 / WUHAN GENERAL GROUP, INC. (WUHN) (“Wuhan” or the “Company”), a bioceutical company specializing in alternative medical research into plant cannabinoids and psilocybin, is pleased to share the following update: The company is pleased to announce the appointment of Michael sachar …

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South Africa’s ‘Silicon Valley’ has over 450 tech companies and employs over 40,000 people

Cape Town has been ranked among the world’s fastest growing regions for foreign direct investment, according to a report by fDi Intelligence, a data division of the Financial Times Group. The ranking also gave South Africa the top spot in South Africa for its economic potential, start-up status and business …

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South Africa: NCOP holds workshop on budget and budget oversight

The National Council of Provinces (NCOP) hosted a two-day budget and financial oversight workshop to identify successes and failures in effectively and efficiently conducting executive budget and fiscal oversight. Speaking yesterday on advancing the NCOP mandate through effective budgeting and budget control, NCOP President Amos Masondo said the NCOP has …

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EFF’s Shivambu accuses Treasury of deceiving MPs over state bank creation

Treasury officials, however, said the establishment of the bank was delayed by numerous discussions with relevant departments. CAPE TOWN – The Treasury has been accused of lying and misleading Parliament about plans to create a new public bank. The finance ministry briefed Parliament’s Standing Committee on Finance on its annual …

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EEP Africa funding for 2 productive energy use projects in South Africa

Plentify will deploy HotBots in 500 homes in Cape Town. Image: Plentify. Two South African projects are part of EEP Africa’s 2020 funding call focused on the productive use of energy and the circular economy. Cape Town-based energy technology company Plentify and waste management company Witech will each receive funding …

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International Jazz Day 2021 ends with spectacular global All-Star concert with performances from cities around the world

Hosted by Michael douglas at United Nations Headquarters in new York, Concert Extraordinaire Caps 10e Anniversary celebration in over 190 countries WASHINGTON, May 3, 2021 / PRNewswire / – With over 190 countries participating, International Jazz Day 10e The anniversary celebration ended with an exciting worldwide All-Star concert reaching millions …

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Pandemic fuels Amazon’s explosive first quarter financial results

Amazon CEO and Founder Jeff Bezos. U.S. tech giant Amazon posted strong results for the first quarter ended March 31, 2021, as online shopping spikes due to the COVID-19 pandemic. Among the highlights, the company’s operating cash flow increased 69% to $ 67.2 billion for the 12 months, from $ …

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City of Joburg increases cap by 50% of rehabilitation property value

Finance MMC Jolidee Matongo says the move from R600,000 to R1.5 million is intended to encourage people to pay and increase the city’s cash flow. Eyewitness News reported that the city of Joburg has approved a debt rehabilitation program that includes additional relief measures for taxpayers amid the ongoing COVID …

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How South Africa’s richest 1% earn their money

Wealth-X has released its 2021 Wealth Report, detailing how the world’s richest people make their money. Contrary to often popular conceptions of wealth, most wealthy individuals around the world are self-taught and have created their fortunes without inheritance, the report says. This is especially true at the Very High Net …

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