Luke Fraser

BusinessTech South Africa

SPAR loses R10 billion in eight months

By: Luke Fraser

SPAR has lost around R10 billion in market cap since the start of the year, with questions remaining about its turnaround.

BusinessTech South Africa

Skilled workers in South Africa's richest city looking to emigrate – with one country in mind

By: Luke Fraser

South Africa's richest city, Johannesburg, is facing a technology brain drain as many professionals consider moving to Australia.

BusinessTech South Africa

American investment firm backs South African tech company that scored R135 million

By: Luke Fraser

United States-based Quona Capital has backed Jem, a workforce management platform used by over 250,000 workers in South Africa.

BusinessTech South Africa

American, British and Australian employers looking for South Africans with a specific skillset

By: Luke Fraser

· 25 Aug 2026 South Africa is among the top countries in the world for outsourcing, specifically for AI skills, with employers from the United States, the United Kingdom and Australia on the hunt for workers.

BusinessTech South Africa

Businesses in South Africa need to pay their workers at least R20,000 per month

By: Luke Fraser

South Africans are facing extreme cost pressures, and Professor Ines Meyer of the Living Wage South Africa Network says that companies should pay their workers R20,000 per month.

BusinessTech South Africa

Discovery scores big after spending R4 billion to buy its head office with its own Woolworths

By: Luke Fraser

· 26 Aug 2026 Discovery is expecting a massive rise in its earnings for the financial year ending 30 June 2026, with headline earnings benefiting from the expiry of its lease at its Sandton office.

BusinessTech South Africa

Over 1,600 businesses shut down in South Africa

By: Luke Fraser

· 26 Aug 2026 1,601 businesses have been liquidated in South Africa in 2026, but the total number of liquidations is down year-on-year.

BusinessTech South Africa

New CEO for major South African bank that plans to retrench 1,200 workers and close 90 branches

By: Luke Fraser

African Bank has confirmed the appointment of Zweli Manyathi as its Group CEO, who takes on the role on a permanent basis amid a series of struggles facing the bank.

BusinessTech South Africa

European car brand opening more dealerships in South Africa

By: Luke Fraser

Volvo Cars plans to expand its dealership network in South Africa by opening a new location in Century City, Cape Town.

BusinessTech South Africa

The one province in South Africa where the rich are buying homes for over R4.5 million

By: Luke Fraser

· 29 Aug 2026 South Africans are increasingly buying luxury property in South Africa, with properties valued at over R4.5 million seeing increasing activity, especially in the Western Cape.