Browse every article
10,668 articles
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.
HUAWEI Unveils the HUAWEI P60 Pro, HUAWEI Mate X3 and Many More
New Devices for Seamless Connectivity, Performance, Outstanding Design and Advanced Technologies. The current tech product landscape is as exciting as ever, we see many innovative designs, cutting-edge features, and astronomical improvements in how they enhance the life of consumers. The HUAWEI Consumer Business Group has announced and launched a series of new technologically advanced flagship
Building Trust Is Essential to Protect the Future of Digital Money
The rapid adoption of new payment technologies such as contactless and e-commerce has changed spending both online and offline. However, it has also led to a rise in fraud and cybercriminal activity, highlighting the need for a comprehensive approach to building and maintaining trust among all stakeholders. Visa's recent Central and Eastern Europe, Middle East,
FNB acknowledged for excellence in customer complaint resolution
FNB welcomes the release of the Ombudsman for Banking Services' annual report for 2022, which includes the management of disputes between banks and customers. The Ombudsman has acknowledged FNB's exceptional customer dispute resolution processes, and the overall report demonstrates the bank's significant progress in managing customer complaints. FNB's conversion rate from referral to formal complaint
Is South Africa the Cradle of Humankind
A new study shows the Rock deposits in a cave system inhabited by early human ancestors in South Africa may be almost two million years younger than previously thought, this new information may cause some doubts if whether Humankind may have originated in the country. The study, which used sediment analysis, paleo-magnetism and uranium-lead dating,
Emirates Airline Go Digital With Boarding Passes
As of Monday, 15th May, 2023, Emirates became more digitalised. The airline will require most of its passengers departing from Dubai International Airport to use mobile boarding passes instead of printed ones. The airline describes this as “taking a step forward in its drive to offer customers the convenience and assurance of digitally enabled travel
Pravin Gordhan Denies Claims That He Seen Any Intelligence Report
Public Enterprise Minister Pravin Gordhan denied claims that he has not seen any privately funded intelligence report into corruption at Eskom. The minister went on to deny claims made by former Eskom CEO Andre Ruyter that he had urged him to initiate a private intelligence gathering operation. Gordhan claims that De Ruyter created the operation
The HUAWEI P60 Pro – Soon to launch in South Africa and yes, you can enjoy Google apps and more on it
The HUAWEI P60 Pro, the most anticipated smartphone of the year, will soon be available for purchase in South Africa. This is the ultimate smartphone for all the photography fans out there. Here’s why you should be excited about the HUAWEI P60 Pro. Firstly, the design. The HUAWEI P60 Pro introduces the innovative Pearl Texture
Telkom Faces Sharp Decline In Earnings
Telkom faces a sharp decline in earnings for its financial full year ended 31st March 2023. The telecommunication group said it could swing into loss, this caused by the R13 billion impairment of assets being mulled by the board. The trading statement shared on Wednesday, 17 May 2023 stated that the group anticipated headline earnings
Salaries lagged behind private pension payments in the last five years
The average salary in South Africa has weakened amid the underperforming economy, high unemployment rate, soaring inflation and the impact of the Covid-19 pandemic, according to BankservAfrica’s Five-year Review of Take-home Pay and Private Pensions in South Africa* for February 2018 – February 2023, which was released today. “The average nominal salary, measured in the
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
Promoting the uptake of STEM: Lenovo and partners host coding event to empower South African youth and bridge the digital-tech gap in South Africa
Global technology company, Lenovo, recognizes the importance of empowering youth and actively collaborates with partners to create opportunities and support the development of young people in South Africa. Lenovo hosted the "Youth Code Your Future" event in collaboration with Social Coding SA, Women in Vision, and Vuleka SSB High School. The engagement brought together 70 unemployed youth
Local tech company launches SA’s first full-stack omnichannel contact centre solution
Innovo Network’s award-winning omnichannel contact centre solution is proving to be a disruptor for the BPO industry through its customer-centric, full-stack, single platform and affordable offering. A voice, data, and cloud solutions provider, Innovo Networks launched South Africa’s first full-stack omnichannel contact centre solution toward the end of last year, earning the company the 2022
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
Northern France Transformed: The Rise of the Electric Valley
Battery manufacturers are transforming the northern French region of Hauts de France into a thriving centre for 21st-century manufacturing and a key European hub for new energy technology. This region, which was previously burdened by the collapse of the local steel and mining industries, is now attracting global battery players. Taiwanese battery maker Prologium, which
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