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Apple's Tough Price Negotiation Forces Wistron to Exit Indian Market
According to Indiatimes sources, Wistron, the first company to produce iPhones in India, has withdrawn from the Apple foundry business in the country due to Apple's tough price negotiation. The decision was made due to the company's inability to make a profit as a result of Apple's stringent price demands. While Wistron initially played an
Tyme Group Eyes Vietnam for Expansion in its Ambitious Growth Strategy
Tyme Group, a digital lender led by billionaire Patrice Motsepe, is considering a venture into Vietnam as part of its ambitious expansion strategy. This announcement comes just months after the company received approximately $78 million (R1.5 billion) in pre-Series C funding. Coen Jonker, the co-founder of Tyme and CEO of TymeBank, expressed his excitement for
Netcare Reports Robust Profits Amid Concerns of Worsening Nurse Shortage
Netcare, South Africa's largest private hospital network operator, reported a nearly 50% increase in profits for the six months ending in March. The company continues to benefit from a post-Covid-19 recovery, with paid-patient days reaching 98.5% of 2019 levels in March. Netcare, on the other hand, has expressed concern about a worsening shortage of nurses
Mercedes-AMG GLB 35: Limited Edition for South Africa
Mercedes-Benz fans in South Africa have reason to rejoice, as the highly anticipated Mercedes-AMG GLB 35 is now available in limited quantities. Initially, it appeared unlikely that the 225 kW crossover would make its way to the South African market, but Mercedes-Benz SA surprised everyone by announcing a "special limited-edition" GLB 35 in 2022. Local
Introducing the Wildtrak X: Enhanced Off-Road Capabilities for South Africa
Ford has officially announced the arrival of the new Ford Ranger Wildtrak X in South Africa. This model, which sits between the regular Wildtrak and the high-performance Raptor, includes upgraded features such as a wider track, special Bilstein dampers, and enhanced off-road capabilities. The Wildtrak X will be launched in the third quarter of 2023,
Barloworld Exits Joint Venture, Becomes Sole Caterpillar Distributor in Zimbabwe
Barloworld, a well-known Caterpillar earthmoving equipment distributor, recently made a significant strategic decision in Zimbabwe. The company has exited a long-standing joint venture called Barzem, which served as the Zimbabwean Caterpillar dealer and was majority owned by Zimplow, a company listed on the Zimbabwe Stock Exchange. As a result of this change, Barloworld Zimbabwe will
HOW TO MAKE YOUR CV STAND OUT
In today’s world which has improved technology at our disposal, things have elevated and more jobs are created, which requires job seekers to take their chances, but in order for you to even be recognised then your CV has to stand out. Its wise to make sure that you leave your potential employers impressed, not
ENTREPRENEUR CAREER PATHS
Being in an entrepreneurship space or mindset can be exhausting and can potentially take its toll on your mental state. Entrepreneurship is all about developing an idea or product, bring into life and then turning it into a product that will be a profitable business. Before you can even think of being independent, there are
Huawei Unveils 'Internet of Energy' Solutions to Transform the Power Industry
Huawei South Africa has recently launched a suite of innovative solutions to help companies in the electric power industry navigate the digital transformation journey. These solutions, which were announced at the Enlit Africa Conference 2023 in Cape Town, are designed to assist organisations in navigating various power grid scenarios and optimising their operations. In the
Rebosis Struggles with Debt: Eastern Cape's Largest Malls Up for Sale
The Eastern Cape's two largest shopping malls, Baywest in Gqeberha and Hemingways in East London, are up for sale as Rebosis Property Fund, founded by property mogul Sisa Ngebulana, struggles with a massive R10 billion debt. These iconic malls in Nelson Mandela Bay and Buffalo City are part of a portfolio of five shopping malls
South Africa's Firm Stance: Denying Favoritism and Urging Resolution of Allegations
David Masondo, South Africa's Deputy Finance Minister, delivered a resolute speech in New York, vehemently denying allegations that South Africa favours Russia. He emphasised the importance of resolving the allegations made by the US, which have had a negative impact on the rand and government bond prices. Masondo stated unequivocally that South Africa supports a
Board Member's Abandoned Farm Business Absorbed R4.6 Million in Lottery Funds
A hydroponic vegetable farming project in the Lekgalong area of North West, initiated by a non-profit company affiliated with the former National Lotteries Committee (NLC) board member William Huma, has raised concerns after receiving a R4.6 million lottery grant. The project's goal was to create jobs and provide fresh produce to the region's impoverished communities.
EMBATTLED SA IS STILL CREATING JOBS DESPITE UNEMPLOYMENT RATE BEING SLIGHTLY HIGHER
Statistic SA reported on Tuesday revealed that in the first quarter of 2023, the official unemployment rate increased to 32.9%, from the fourth quarter of last year. The Quarterly Labour Force Survey (QLFS) shows that the report released has seen an increase in the number of unemployed people by an astounding 179 000 to 7.9
PUTIN, ZELENSKY ACCEPT AFRICAN LEADERS' PEACE MISSION TO END WAR – RAMAPHOSA
According to South African President Cyril Ramaphosa, Russian President Vladimir Putin and his Ukrainian counterpart, Volodymyr Zelensky, have agreed to receive a peace mission by Ramaphosa, who is leading the delegation with the other six African heads of state to end the war between the two countries. An African leaders' peace mission to Putin and
Samsung's Commitment to South Africa Drives 5th Year of Level-1 B-BBEE Status
Samsung, a global technology leader, is pleased to announce that it has achieved Level-1 Broad-Based Black Economic Empowerment (B-BBEE) status in South Africa for the fifth consecutive year. This accomplishment reflects the company's ongoing investment in the country, as well as its dedication to fostering economic transformation and contributing to the local economy. Samsung's Level-1
Newmont's Acquisition of Newcrest: Creating a Global Gold Mining Powerhouse
Newmont Mining, the world's largest gold miner, is set to expand its operations even further with the acquisition of Australian mining company Newcrest. The deal, worth Aus$28.8 billion (R362 billion), will establish Australia as a global leader in gold production. With this acquisition, Newmont cements its position as the world's largest gold producer, with operations
Mobile Operators in Nigeria Block Texts from Banks Over Debt
MTN, one of Nigeria's leading mobile phone operators, has announced the suspension of dedicated text message services for banks until their outstanding debt of 120 billion naira (approximately R4.9 billion) is settled. The operators will disconnect the unstructured supplementary service data (USSD) based on contractual agreements with the banks, according to Gbenga Adebayo, chairman of
Altron: Embracing Growth Strategy Amidst Challenges
Altron, a prominent ICT group and the owner of vehicle tracker Netstar reported strong revenue growth for its fiscal year 2023. Despite experiencing earnings pressure as a result of previous legal battles, the company remains confident in its new "customer-centric" growth strategy and the growing demand for digitalization among businesses. Altron's group revenue increased by
Vodacom Reduces Dividend Pay-out to Focus on Investments
Vodacom, Africa's largest phone operator by value, has announced a reduction in its full-year dividend for fiscal 2023 in order to pursue new ventures in Egypt, Ethiopia, and its fibre business. Vodacom announced that the dividend would be reduced to R6.70 from R8.50 the previous year. Vodacom's decision comes as the company plans to invest
Toyota GR Corolla: Pricing and Specifications Revealed
Toyota has released the official pricing and specifications for its new hot hatch, the GR Corolla, in South Africa. The GR Corolla will be available in two trim levels: Core and Circuit. Both will be powered by a turbocharged 1.6-litre, 3-cylinder petrol engine with 221 kW and 370 Nm delivered to all four wheels via