In the news today: President Cyril Ramaphosa wants to create 275 000 jobs year, Sabric reports a 100% increase in mobile banking crimes, and the founder of Groupon SA enters the insurance market

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Job Summit’s aim: to create 275 000 jobs a year

In terms of an agreement reached between government, labour and business, approximately 275 000 jobs will be created every year, and retrenchments in the public sector will be averted.  READ MORE

100% increase in mobile banking crimes – Sabric

The South African Banking Risk Information Centre (Sabric) says mobile banking crimes increased by 100% during the period January to August 2018, compared to the same period last year, resulting in losses of up to R24m.  READ MORE

Groupon SA founder enters insurance market

Silicon Cape chairman Daniel Guasco has launched a digital insurance platform, Click2Sure, and hopes big insurers will come aboard.  READ MORE

Private equity investment in SA has more than doubled

According to the 2018 Private Equity Industry Survey undertaken by the Southern African Venture Capital and Private Equity Association (SAVCA), private equity investment has more than doubled in southern Africa.  READ MORE

Elon Musk says short-term selling should be made illegal

Compulsive tweeter Elon Musk has referred to the US Securities and Exchange Commission as the ‘Shortseller Enrichment Commission’ and says he believes short-selling should be made illegal.  READ MORE