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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
Durban - The SA Revenue Service (Sars) and the Hawks raided the
home of controversial Durban tycoon Sbu Mpisane on Wednesday morning.
"I can confirm that our guys are there. We are carrying
out search and seizure," said Sars spokesperson Adrian Lackay.
He said the court had granted an order for the operation as
part of an "ongoing investigation".
Lackay refused to divulge further information, saying that
details would follow once charges had been formalised.
Mpisane, a former Durban metro police officer, came under
scrutiny when it emerged he and his wife Shawn were super rich with a fleet of
expensive cars, including a Rolls Royce Phantom and Lamborghinis.
He was still a police officer when the story broke.
In 2009, it was reported that the couple had received R219m
from the eThekwini municipality to build low-income houses on 4 500 sites in
Umlazi.
However, the National Home Builders' Registration Council
found defects in more than 1 000 of 3 000 houses built by Zikhulise Cleaning
and Transport, owned by the Mpisanes.
Of the defects, 30% were serious and would require major
renovations.
The Mpisanes are known for their lavish parties, which are
attended by politicians and celebrities.