R2 billion disappeared into thin air at an important South African company

ActionSA MP Alan Beesley said that a R2 billion investment disappeared into thin air at Daybreak Foods due to mismanagement and corruption. View online Tuesday, 5 May 2026 Your daily update R2 billion disappeared into thin air at an important South African company ActionSA MP Alan Beesley said that a R2 billion investment disappeared into thin air at Daybreak Foods due to mismanagement and corruption. Big legal blow to South Africa’s best-run city The Western Cape High Court ruled against the City of Cape Town, declaring its use of property value-based municipal charges to be unlawful. Moment of truth for NHI in South Africa Tuesday, 5 May, will be D-Day for the government's NHI scheme as it faces a critical legal challenge in the Constitutional Court. Tables turn for South African homeowners as R1,334 pain looms The Middle East war's potential impact on inflation has flipped interest rate projections on their head, going from relief to pain for South African homeowners. Business and Technology News MultiChoice’s multi-billion-rand DStv-replacement plan collapsed in front of everyone’s eyes MultiChoice's plan to grow Showmax into an African streaming powerhouse and compensate for declining DStv numbers was a multi-billion-rand blunder. Rand under pressure The South African rand has come under pressure in the new week as markets digest the latest signals from the United States Federal Reserve, and the Iran War continues to bite. Smart money goes where cash flow exists. The Cash Converters franchise has multiple income streams, perfect for any economy. For more info click here. Must read 33,000 people apply for 150 jobs at one South African company Hyundai Automotive South Africa received 33,000 applications for its YES learnership programme, underscoring both the scheme’s appeal and the depth of unemployment in South Africa. MultiChoice in hot water MultiChoice and set-top box manufacturer Altech are in hot water with the Competition Commission for alleged collusion. Woman behind Tashas bringing eight new high-end restaurants to South Africa Tashas wants to bring more of its successful international concepts to South Africa, with big plans to expand its presence in the local market. Reserve Bank Governor sends a message to South Africa about inflation and interest rates Reserve Bank Governor Lesetja Kganyago said that policymakers cannot do much about higher inflation right now, but he assured that they are committed to bringing it back to 3%. Partner content CambriLearn: the school sitting inside a global education shift CambriLearn is an accredited international online private school. With almost two decades of operation, it has educated more than 80,000 students in over 100 countries, across British, Pearson Edexcel, CAPS, IEB and US K-12 curricula. Mother’s Day, planned. Perfect gift, unplanned. Turn this Mother’s Day gift into an unforgettable escape, with 2-, 3- and 4-night cruises from Durban to beautiful Mozambique destinations such as Pomene and Portuguese Island - where warm waters, beautiful beaches and an easy island rhythm create the perfect escape. More stories

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