The best of Business Insider South Africa this week

Business Insider SA

Here are our top five articles of the past week.

1) Game On! Tekkie Town founders will launch a rival chain soon — here's everything we know about it

The first Tekkie Town competitor, “Mr Tekkie”, is expected to open by October, columnist and award-winning financial journalist Bruce Whitfield reported. The Tekkie Town founders are regrouping and preparing to launch a rival to the 380-store chain they created after a fall out with Steinhoff Africa Retail (STAR). 

2) Seven parking bays sold instantly for R570,000 each in Cape Town - and owners have to pay monthly levies as well   

Seven parking spots were instantly sold for a whopping R570,000 each in the upmarket suburb of De Waterkant, Cape Town. The spots were bought by owners of apartments in a new building Napier Street, the developers said, and includes a monthly levy of R300 for their new "properties". 

3) South Africans are buying more bully beef - and six other new shopping trends 

From not buying cleaning products to limiting their shopping trips, a new survey shows that South African households have adopted new buying habits as they feel the pinch. Sales of canned meat have in particular been strong due to the listeriosis crisis.

4) Standard Bank clients can now get free coffee and burgers if they tap their Samsungs to pay at tills

Standard Bank is the second bank, after Absa, to offer Samsung Pay. Its clients will now be able to tap their cell phones instead of using a card at pay points. Standard Bank is offering incentives that include the chance to win a high-end cell phone for using its new service.

5) These are some of the products a panel considered – but rejected – making VAT free, including mango achar and life-saving medicines

A panel appointed to investigate increasing VAT-free products in South Africa considered a list of 66 products to be zero-rated, including mango achar and medicine, based on submissions it had received from members of the public. It, however, concluded that only baby food, bread flour, cake flour, disposable nappies, poultry, sanitary products, school uniforms and white bread are worthy to be further investigated for zero-rated VAT items.

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