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Standard Bank Conquers Short-Term Hurdles, Projects Higher 2023 Revenues
Standard Bank Group, the largest bank in South Africa by assets, is poised for a year of substantial revenue growth in 2023, outpacing the challenges of rising operational costs. The bank reported a significant surge in revenues from January to October, reinforcing its commitment to financial resilience. Despite encountering higher operational costs, the bank's management
Cell C's Profit Shows Progress Amid Ongoing Challenges
Despite posting a profit in 2022, Cell C acknowledges that it remains in a period of significant transformation. In a recent trading update, Cell C revealed audited results for the financial years 2021 and 2022, along with January to September 2023 results and Q3 2023 results. For the 2022 financial year (FY22), revenue saw a
The South African Reserve Bank (SARB) opted to maintain interest rates last week, signaling potential cuts in the coming year.
Before the SARB's decision, annual headline consumer inflation climbed from 5.4% in September to 5.9% in October, marking the third consecutive monthly increase. This uptick was primarily attributed to higher food prices (8.7%), fuel inflation (11.2%), and housing utilities (5.4%). Consumer prices experienced a 0.9% rise in October, driven by cost increases in the milk
Advocacy Groups Call on Funders to Halt Support for TotalEnergies’ Mozambique Project Over Climate and Human Rights Concerns
Over 100 advocacy groups have jointly called on banks and financiers in a letter to withdraw their support for TotalEnergies' $20 billion liquefied natural gas project in Mozambique, citing climate and human rights concerns. As the French energy giant seeks to resume Africa's largest foreign investment, stalled since 2021 due to security threats, activists argue
Acer Launches New Chromebook Plus Laptops
Acer launched the company’s first Chromebook Plus laptops, the Acer Chromebook Plus 515 and Acer Chromebook Plus 514, debuting with Google’s Chromebook Plus initiative that offers a new tier of Chromebook performance, emphasizing better hardware designs with upgraded displays and cameras, and paired with new productivity, creativity, and multimedia capabilities. The Acer Chromebook Plus 515
Audi reveals eight new special-editions
Audi has revealed plans to introduce several special-edition sedans and SUVs in 2024. The rollout will commence with the launch of the new A4 and S4 Black Editions, followed by both Black and Urban Editions for the A3, Q2, Q3, Q5, and A5. They will be available from early 2024. The planned models, set to
Want to Make Your Money Right by The End of 2023? Here’s a Financial Strategy to Help You Do It
South Africans’ pockets are in pretty dire straits. In addition to the pressure created by increases in basic living expenses, consumer data suggests we are also spending more on non-essential ‘feel good’ purchases including travel and dining out. According to the SpendTrend2023 report, grocery costs have surged, with a nearly 50% increase in spending compared
New Visa Report Tells Consumers to Stay Alert this Holiday Shopping Season
Visa Inc., a world leader in digital payments, revealed its Holiday Edition Threats Report, which anticipates heightened scam activity during the holiday season across both card-present (CP) and card-not-present (CNP) transactions. The new report identifies popular fraud tactics expected between November 2023 and January 2024 due to the rapid increase in eCommerce activities and in-person
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Autumn Leaf Mall- The newest mall in South Africa
A new R500 million shopping center has been opened in Zeerust, North West, aiming to meet rising retail demand in the transit hub between South Africa, Botswana and Namibia. The 18,000 square meter Autumn Leaf Mall was developed by Akani Properties near Zeerust's CBD after limited existing retail options failed to satisfy excess consumer appetite.
Retailers could make approximately R7 billion on Black Friday
According to data from the Bureau of Market Research (BMR), retailers could anticipate a substantial increase of approximately R7 billion. Last year, online sales constituted 15% of total sales, and this year, a considerable portion of sales is expected to occur online, as per the BMR's findings. A study conducted by the BMR on behalf
Building infrastructure that allows the remote office to thrive
Security, flexibility, scale and accessibility are key success metrics for organizations looking to gain competitive ground and market share in the modern market, says Joe Assad – Technical Engagement Lead: Cloud Infrastructure at Altron Karabina. Businesses are undergoing a transformation in their operational approaches, notably evident in the increasing adoption of remote and hybrid work
Investing in a best-practice cybersecurity playbook is essential for all businesses writes Richard Frost, Head of Consulting: Cybersecurity at Armata
The notion of facing a crisis and implementing effective management strategies is a familiar challenge for any business leader. Unforeseen events can impact the business, leading to consequences such as revenue loss, reputation damage, and compliance inquiries. It's undeniable that proactively preventing a crisis and having a meticulously crafted playbook for crisis response puts a
The Fraud, Waste and Abuse Indaba: R30 billion is lost to fraud
The Fraud, Waste and Abuse Indaba hosted by the Board of Healthcare Founders was held at the Houghton Hotel yesterday. The event saw prestigious attendees coming together to understand and unpack challenges that the health sector finds itself drenched in. The impending need for collaboration in the sector was mentioned as one of the pivotal
Inclusivity paves the way to SA’s new energy future
At the media roundtable hosted as part of the South African National Energy Development Institute’s (SANEDI’s) inaugural annual energy conference, collaboration and inclusion emerged as strong themes in discussions around South Africa’s energy transition project. Of particular interest was how the decision to repower and repurpose old coal-fired power stations tallies with South Africa’s commitment
Sahara Group Foundation empowers young african social innovators with Seed Funding
The Sahara Group Foundation continues its steadfast commitment to supporting young African social innovators and entrepreneurs through its Sahara Impact Fund Fellowship programme. In partnership with LEAP Africa and Impact Amplifier, the programme aims to empower innovators dedicated to improving access to clean energy and sustainable environments across Africa. The top ten Fellows, selected from
New research detailing latest ways hackers are using to steal personal information and selling it underground
Browser data is ranked the number one target for data stealers, according to Trend Micro Incorporated (TYO: 4704; TSE: 4704). The cybersecurity company recently released a new report titled, “Your stolen data for sale”, which details the risks associated with data theft and its subsequent misuse. The report reveals that the risk of data theft
Telviva Unveils Telviva Talk: Breaking Barriers to Enterprise-Level PBX and UC&C for Businesses of All Sizes Amidst the Digital Transformation Era
Amidst of the transformative wave of cloud computing’s ability to fast-track businesses’ digital transformation journeys by reducing costs and driving competitiveness, Telviva has announced the release of its Telviva Talk bundled package which operates off the Telviva One interface and smartphones. The move, it says, levels the playing field by bringing enterprise-level unified communications and
Innovation in Turbulent Times: Navigating the Business Landscape Ahead
As South African SMEs gear up for the busy end-of-year season, business owners are grappling with the rapidly changing business landscape affecting every industry. SMEs, as the major employers in the economy, are particularly impacted, prompting entrepreneurs to consider innovative strategies to stay competitive and secure their niches. Innovation becomes crucial for SMEs looking to
Revolutionizing Connectivity: Vodacom Pioneers Direct-to-Mobile Satellite
Vodacom believes direct-to-mobile will enhance their satellite connectivity by expanding rural access. Chief Technology Officer, Dejan Kastelic called universal mobile coverage via satellite a potential "game-changer," enabling 100% regional reach. “With partnerships between Vodacom and the satellite providers, we can provide 100% coverage. So, satellite can play a big role in the transformation of Africa