The government spent R28 million on 90 pothole repair machines without fixing a single pothole

The Department of Defence spent R27.79 million on 90 machines to repair potholes in 2021. As of July 2026, not a single pothole has been repaired by the machines.  View online Friday, 7 August 2026 Your daily update The government spent R28 million on 90 pothole repair machines without fixing a single pothole The Department of Defence spent R27.79 million on 90 machines to repair potholes in 2021. As of July 2026, not a single pothole has been repaired by the machines.  SABC TV license disaster in South Africa The SABC's TV licence collection rate has collapsed to just 15% as evasion, streaming services, and years of mismanagement undermine its outdated funding model. ANC in serious financial trouble, and JPMorgan CEO warns about higher interest rates Here are five important finance and investment stories in South Africa and globally on Friday, 7 August. South Africa’s most important city crumbling while officials continue to steal and plunder The City of Johannesburg is facing financial collapse as municipal officials facilitate looting by criminal syndicates, and gross incompetence sees ratepayer money mismanaged.  Business and Technology News The two small towns which are crucial to South Africa’s economy The Richards Bay and Saldanha Bay ports handle over 80% of South Africa’s cargo, making them vital hubs in the country’s logistics network and economy. The woman living in South Africa who is behind a hit Netflix show with 28 million views worldwide Author Sue Nyathi's debut novel gave rise to the most successful African series Netflix ever produced, but her story is not one of overnight success. End of a 15-year era for Pick n Pay Pick n Pay has confirmed the retirement of its chief financial officer, Lerena Oliver, following the conclusion of the group's AGM held on Thursday (6 August). Must read I lost R80,000 after buying shares for 3c and then selling them for even less In 2021, when South Africa was still in the grip of lockdowns, I thought I was smart and bought a company in distress. Two years later, I had to sell it at a significant loss. Important South African state-owned company collapsed and needed bailouts to stay alive A year after it returned to profitability, Denel's turnaround has yet to be completed, and the state-owned enterprises' profit is slipping. Big surprise as top mining CEO takes over as chairman of a crisis-riddled company Sibanye-Stillwater's founding CEO, Neal Froneman, has been appointed as Copper 360’s chairman, marking a new chapter in his career. 1 million South Africans have left one province because of its economic collapse 890,715 people have moved out of the Eastern Cape to other South African provinces over the past 15 years. Partner content Who Should Be Investing in Alternatives? And Why That List Is Growing? For a growing number of investors, alternatives are becoming an increasingly normal part of prudent portfolio construction. The usual online-school stack can be rented for a term. CambriLearn built its own From the outside an online school can look like a light business to start, and often it is. As demand grows for affordable shopping and the need for cash solutions, Cash Converters is the perfect franchise to own right now. Click here to enquire today. More stories

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