South Africans renting their homes to students hit with legal fees of over R180,000

Property owners using student accommodation to generate extra income are facing fines, legal action, and fees. View online Wednesday, 3 June 2026 Your daily update South Africans renting their homes to students hit with legal fees of over R180,000 Property owners using student accommodation to generate extra income are facing fines, legal action, and fees. Bad news for South African companies with more than 50 employees The Constitutional Court has dismissed efforts to block South Africa’s new employment equity targets, paving the way for their implementation despite ongoing opposition from business groups. Petrol price in South Africa hits record high South Africa’s petrol price has hit a record high, driven in the short term by Middle East supply disruptions and in the long term by a weaker rand and rising levies. The booming coastal hotspot coming for Cape Town’s crown KwaZulu-Natal’s North Coast is evolving into one of South Africa’s fastest-growing residential hubs, driven by rising property investment, improved infrastructure, and developments like the new Club Med resort. Business and Technology News Serious allegations against Woolworths amidst business closures and explosions at stores Kees Beyers, the founder and owner of Beyers Chocolates, said that Woolworths wanted to inflict maximum damage and bankrupt the business. A small Free State community saved itself from a useless ANC municipality and built its own power plant Service delivery in Mafube Municipality has been nearly completely privatised, thanks to voluntary contributions from farmers in the area and work by the broader community. South Africa’s middle class is in serious trouble South Africa's middle class continue to struggle with their repayments, with 43% of respondents defaulting in the latest Eighty20 Credit Stress Report. Must read Amazon Prime launches in South Africa Amazon has launched its Prime membership service in South Africa. Here's what a subscription costs and the benefits members will receive. South African rand goes from zero to hero The rand’s strong momentum coming into 2026 was broken by the Iran war, though recent green shoots are now giving the currency a much-needed boost. Two of Eskom’s biggest customers get electricity at a 54% discount NERSA has approved a reduced electricity tariff of R0.62/kWh for South Africa's ferrochrome industry, a 54% reduction from just 6 months ago. South Africa’s most exclusive bank walking a fine line Investec could see its valuation re-rate significantly, provided it can effectively meet its targets amidst an increasingly uncertain market. Partner content XM South Africa Awarded “Most Trusted Broker” at Finance Magnates Africa Summit XM South Africa was recognised as “Most Trusted Broker” by FAME at the Finance Magnates Africa Summit (FMAS) 2026 in Cape Town, South Africa. More stories

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