The consumer price index (CPI) rose by 0.1 percent to six percent in March, Statistics SA said on Wednesday.
When stadiums were being built for the 2010 FIFA World Cup, a lot of shady deals appear to have gone down to secure tenders. One of these, Lefika Emerging Equity, recently made headlines again when its co-owners - including Kaizer Chiefs general manager Bobby Motaung - were detained on fraud charges. But the saga goes back to 2009, when the company’s CEO Chris Grib skipped the country after it was discovered Lefika used a forged tax clearance certificate. SARS has not disclosed how much the company owes in tax, but you can bet it’s a substantial amount. Grib returned to SA, as he was arrested along with the other owners.