R638 million vanished without a trace

R638 million in discretionary grants at the Education, Training, and Development Practices Sector Education and Training Authority (ETDP SETA) vanished. View online Monday, 23 March 2026 Your daily update R638 million vanished without a trace R638 million in discretionary grants at the Education, Training, and Development Practices Sector Education and Training Authority (ETDP SETA) vanished. Andre de Ruyter reveals his biggest mistakes at Eskom Andre de Ruyter resigned from Eskom after being overwhelmed by intense scrutiny, political interference, and a lack of government support, which distracted from running the utility and addressing its core challenges. One KwaZulu-Natal city stands out for excellent service delivery One city in KwaZulu-Natal has been rewarded for its excellent service delivery in a province notorious for challenges in this regard. Top South African CEO says AI adds zero value to the world Sygnia CEO Magda Wierzycka sparked controversy by arguing that AI adds no value and poses serious societal risks, while experts counter that it is already delivering major benefits despite legitimate concerns. Business and Technology News South African brothers behind top tech company lose R1.46 billion in seven months Blu Label Unlimited founders Mark and Brett Levy have lost R1.46 billion over the last seven months after the share price declined by 50%. 514 companies have delisted from the JSE New research from the University of Cape Town (UCT) shows that 514 companies have left the Johannesburg Stock Exchange (JSE) since 1989, and that companies are increasingly choosing to delist. Must read South Africa is facing a serious nuclear family challenge South Africa is experiencing a dramatic decline in the nuclear family setup, which has significant societal and economic ramifications. South Africans being scammed by criminals who are already in prison South African prisons are increasingly being used as low-cost scam centres where inmates and guards run basic fraud operations that exploit citizens. Properties in a popular coastal area in South Africa get a major boost Rare sites and improving infrastructure mean that industrial properties in one coastal province are now selling for well over R200 million. SARS clock is ticking for South African businesses With SARS moving to fully digital tax systems, South African businesses now need to modernise their processes to reduce risk, improve efficiency, and ensure smooth compliance. More stories

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