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GOOGLE’S NEW TRY-ON FEATURE LETS YOU TRY ON CLOTHES VIRTUALLY, BUT IT’S NOT IN SA YET
It's often challenging to envision how clothes will look on you before making a purchase. However, Google has introduced a solution to alleviate this concern by bringing the fitting room experience directly to your device. Through Virtual try-on, Google enables online shoppers to see how clothes would appear on a variety of real models, allowing
ANC WESTERN CAPE CONFERENCE: DELEGATES SET TO DISCUSS 'THE INFLUENCE OF MONEY IN OUR POLITICS'
The African National Congress (ANC) in the Western Cape is gearing up for its long-awaited elective conference over the weekend, with a focus on addressing internal discord within the party. The conference, set to take place at the Cape Town International Convention Centre, is anticipated to be attended by more than 700 delegates. This gathering
PETROL PRICES TO DROP MINORLY
It is anticipated that petrol prices will undergo a minor reduction at the beginning of July, while diesel prices may face an increase. Based on the latest data from the Central Energy Fund, considering current oil and rand prices, diesel prices are expected to rise by approximately 10c to 15c per litre, depending on the
GLOBAL MARKETS DROP AS CHINA STIMULUS HOPES FADE, RAND SLIGHTLY STRONGER
Global stocks experienced a decline on Monday as investors awaited upcoming interest rate decisions and expressed concerns over the absence of a stimulus plan to revive the Chinese economy. Equities had enjoyed a strong rally the previous week, fuelled in part by expectations of economic measures from Beijing following two interest rate cuts. However, the
South Africa's Agricultural Sector at Risk: The Need to Prioritize Trade Relations
South Africa's hesitancy in dealing with Russia is jeopardising agricultural exports, threatening the sector. Approximately half of the country's R230 billion agricultural output is destined for international markets, with Russia receiving less than 2%. Wandile Sihlobo, the chief economist of the South African Agricultural Business Chamber, emphasises the importance of cultivating trade relations with the
ALREADY-DOWNSIZED SA COMPANIES MAY NOT BE ABLE TO CUT MORE JOBS AMID ECONOMIC STORM
The current challenges faced by businesses, including load shedding, soaring input costs, and aggressive interest rate hikes, are compounded by weakening demand in a fragile economy. In normal circumstances, this would typically lead to a wave of layoffs and job cuts. However, economist Azar Jammine, who serves as the director of Econometrix, believes that many
CAPE TOWN SECURES R2BN FOR WATER, PUBLIC TRANSPORT AND ELECTRICITY PROJECTS
The City of Cape Town has successfully secured €100 million (equivalent to R2 billion) in development finance to support infrastructure projects. The funding will be provided by Agence Francaise de Developpement (AFD), the development bank of France. The majority of the funding, 49%, will be allocated to water and sanitation projects, emphasizing the City's commitment
EU and Kenya Sign Groundbreaking Trade Pact: A Blueprint for East African Integration
The European Union and Kenya have signed a historic trade agreement granting Kenya duty- and quota-free access to the EU market. The agreement, which has been in the works for over a decade, is also open to other East African countries joining, making it a potential model for regional trade partnerships. Kenya agreed to the
Zambian President Hints at Imminent Debt Revamp Deal with Global Creditors
Zambian President Hakainde Hichilema is hopeful that a long-awaited debt restructuring agreement with official creditors will be finalised this week in Paris alongside French President Emmanuel Macron and Chinese Premier Li Qiang. President Hichilema stated during a press conference in Kigali, Rwanda's capital, that "it was agreed that the three of us must stand side
DP World Expands East African Presence: Negotiations for Dar es Salaam Port Berths
The container terminal behemoth DP World Ltd., based in Dubai, is currently negotiating with Tanzania to manage seven berths at Dar es Salaam's main port. This move seeks to strengthen DP World's presence along the East African coast, where it already has investments in Somalia, Eritrea, Djibouti, and Mozambique. In order to become a regional
Dutch and Namibian Companies Collaborate to Establish Green-Hydrogen Sovereign
Namibia's Finance Ministry announced a collaboration between state-backed firms from the Netherlands and Namibia to establish a green hydrogen-focused sovereign wealth fund. The SDG Namibia One fund is a €1 billion ($1.1 billion) blended financing vehicle designed to drive investment in green hydrogen projects in the southern African country. Namibia's Environment Investment Fund, as well
Naledi Pandor speaking on support breaches of war in Russia-Ukraine
Cape Town – Minister of International Relations and Cooperation, Naledi Pandor, has offered a defence of South Africa's decision to invite Russian President Vladimir Putin to the BRICS summit, despite his warrant for arrest issued by the International Criminal Court (ICC). Her response came in light of a query from ANC MP Desmond Lawrence Moela,
Lottery Boss Pledges Extensive Reforms
The National Lotteries Commission (NLC) board has approved a reparation process that will include apologies and financial compensation for former employees who were victimised or fired for exposing corruption. This is a significant step towards addressing past wrongdoings and ensuring transparency. The NLC's reparation model is inspired by the South African Revenue Services (SARS), which
Standard Bank's Bad Debt Charges Surge by Nearly 50% Amid Economic Challenges
Standard Bank, South Africa's largest lender by assets, has reported a nearly 50% increase in credit impairment charges in the first five months of this year compared to the same period in 2022. The bank attributes this increase to the increasing pressure on consumers as a result of the country's deteriorating economy, sticky inflation, and
Scramble for Gas Supply in Western Cape Amid Corporate Dispute
After Vita Gas, a subsidiary of Dutch commodity trading giant Vitol, terminated its contractual arrangement with Sunrise Energy, the import terminal facility in the Western Cape region is scrambling to secure a supply of liquefied petroleum gas (LPG). Vita Gas, which imports LPG through Saldanha and has Vitol as a shareholder, stated that it had
Afrimat's Acquisition of Lafarge South Africa Boosts Market
Afrimat, a publicly traded open-pit mining company, has made a significant market move by acquiring Lafarge South Africa (LSA), a cement and construction materials company. Afrimat will purchase a 100% stake in LSA from Holicim Group for $6 million (roughly R109 million). The news of the acquisition sent Afrimat's stock up more than 12% during
Cybercrime: A Toyota Dealership's Battle Against Fraudulent Electronic Payments
The dangers of cybercrime and computer hacking were highlighted in a recent case before the Supreme Court of Appeal. Mosselbaai Boeredienste (Pty), trading as Mosselbaai Toyota, and OKB Motors CC, trading as Bultfontein Toyota, were involved in the dispute. The problem at hand involved the fraudulent diversion of electronic payment for a Toyota Etios. This
IMF Urges Zimbabwe to Take Further Currency Reform Steps
The International Monetary Fund (IMF) is urging Zimbabwe to take additional currency reform steps as the country falls short of fully free-floating its local currency. The IMF emphasised in an email response to questions that the credibility and effectiveness of recent Zimbabwean measures would be dependent on a swift commitment to liberalise the foreign-exchange market
Work at home if possible, continued rains and strong winds wreak western cape
As the Western Cape deals with the aftermath of a severe storm that hit on Wednesday, there appears to be no relief in sight as heavy rain and strong winds continue to wreak havoc. Despite ongoing cleanup efforts, Thursday brings no respite, as the Disaster Risk Management Centre remains on high alert, expecting additional impacts
Client Ordered to Refund Discovery R1.64 Million After Fraudulent Insurance Claim
The Supreme Court of Appeal recently ordered a Pretoria homeowner to refund Discovery R1.64 million, plus other costs, for a genuine storm damage and household contents insurance claim. The court determined that a portion of the claim related to emergency accommodation was fraudulent, giving the insurer the right to cancel the policy retroactively from the