New targets for criminals, and tough times for teachers

Here are some of the biggest stories you may have missed on BusinessTech this week | South Africa is witnessing a concerning surge in hijackings targeting ride-hailing drivers and food and parcel delivery services. [BusinessTech logo]( [Top stories this week]( [◼ Hijackers coming after these two targets in South Africa]( South Africa is witnessing a concerning surge in hijackings targeting ride-hailing drivers and food and parcel delivery services. [◼ R4,400 pain for teachers in South Africa]( Over the past five years, pay hikes for most government teachers in South Africa have been below inflation, meaning they have been underpaid by R22,000 over the period, or R4,400 annually. [◼ Criminals have another new target in South Africa]( Criminal tactics have spilt into the property sector, with scammers taking advantage of South Africans looking for rentals. [◼ The big banks shutting down branches across South Africa]( South Africa’s big legacy banks have been shifting their physical presence in the country, with some—like Nedbank and Absa—significantly reducing their footprint over the past five years. [◼ Really bad news for medical aid members in South Africa]( BestMed is the latest medical scheme to announce its price hikes for 2025, racking up a massive 12.75% increase to average contributions starting 1 January. [◼ Countries where you can drive with a South African driving licence]( There are over 30 countries that will allow you to drive within its borders using a South African driver’s licence. [◼ The man behind a R6.2 billion fast food empire in South Africa]( When a family man had a vision to create a successful family run business, little did he know that his work would morph into not only some of the most successful quick-service brands in South Africa, but Africa’s largest restaurant franchisor – Famous Brands. [◼ R27 billion blow for Absa, FirstRand, Nedbank and Standard Bank in South Africa]( South Africa’s ‘Big Four’ banks—Absa, FirstRand, Nedbank, and Standard Bank—suffered a R27 billion loss in the first half of 2024 due to bad debt charges. [◼ Bad news for braai lovers in South Africa]( South Africans might find it slightly more expensive to have a braai this month, even though prices have come down since the same time last year. [◼ Even more good news for petrol prices in November – with a warning]( Following a fifth consecutive month of petrol price cuts in South Africa this week, October has started off with fuel price recoveries on the front foot once again, with another sizeable over-recovery lined up. [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your preferences or unsubscribe]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 06-10-2024 This is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic