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CEO warns of food shortages in South Africa
Failing to solve load shedding could result in crop failure, higher food costs, and shortages of specific food goods in South Africa, according to Iain Williamson, CEO of the country's largest life insurer, Old Mutual Ltd. He stated in the company's most recent preliminary results for 2022 that this would significantly impede economic development in
New bank Opening in South Africa In 2024
Old Mutual says it is making headway in building a new bank in South Africa, having invested R1 billion in the initiative so far. In its full-year results for the fiscal year ending December 20, 2022, the firm stated that its preparations to establish "transactional capacity" within the company are advancing, with the new bank's
The Significance of Self-Compassion in Business
Great leadership, decision-making, and communication abilities are often top on the list of qualities we think of as qualifications for the C-suite. But what about compassion? Not at all. Yet, in my experience as an executive coach, I believe compassion, especially self-compassion, is one of the most important and underappreciated corporate leadership abilities. Even the
How Can Technology Startups Build Meaningful Customer Relationships?
Many people feel that having an exceptional, cutting-edge product that addresses genuine issues in a specific market is the key to running a successful technology firm. While this is undoubtedly an important component, most successful business owners have realised that it alone does not lead to widespread acceptance and retention of new clients. To prosper
A Look At 2023 Technology Trends
As business technology continues to advance at breakneck pace, there are several critical themes that will influence the corporate environment. Although the pandemic's impact looks to be fading, technology will play an increasingly diverse role in how organisations run, how consumers are supplied, and how data is maintained. In this post, I'll look at best
How Marketing Can Help Drive Technological Adoption
Nothing in technology, it is said, stays the same for long. And if you've spent any time in the IT industry, you're well aware of this fact. As we move through 2022 and the issues it brought (hello, supply chain disruptions and inflation), markets will continue to alter as technological advances are released. The overarching
SERIAL ENTREPRENEUR BATHABILE MOREKI TRANSFORMING MINING INDUSTRY WITH INNOVATIVE AND PROFITABLE MENTORSHIP METHOD
Bathabile Moreki, CEO of Township Economy Transformation in Franchise Eco-System (TETFE), is using her creative and profitable training technique to reform the mining business. TETFE provides developing mining entrepreneurs with skill training and compliance services, as well as assisting communities in strategically empowering themselves to prepare for and benefit from opportunities in mines in their localities.
Load shedding costs one of South Africa's largest retailers R1 billion
The Foschini Group (TFG), a homeware and fashion retailer, believes that rampant load shedding damaged TFG Africa's retail revenue by around R1 billion due to unexpected expenditures, missed trade hours, and decreased traffic in its stores during the fiscal year 2023. TFG reported in a trading statement for the fiscal year ended 31 March 2023
Major plans to decrease load shedding in Cape Town This month
The City of Cape Town says it is on pace to abandon load shedding and Eskom, with a fresh tender for the most substantial power purchase phase to be released in the coming weeks. Geordin Hill-Lewis, the city's mayor, announced on March 29, 2023, the opening of a 500MW tender to purchase power on the
How to Manage Identity Sprawl Using an Identity Fabric
The enterprise operates on SaaS, from HR to IT to manufacturing to finance. Yet, the fast adoption of SaaS services has resulted in a two-pronged danger of identity theft and hijacking of vital technologies used to manage the digital organisation. SaaS-generated identity sprawl has become a serious challenge with modern work relying on SaaS-delivered solutions.
Five Strategies for Increasing Productivity as a Small-Business Owner
Small-business ownership can be both a difficult and rewarding experience. The demands on a small-business owner's time and energy are never-ending, from keeping track of finances and operations to monitoring staff and making key choices. It's no surprise that many small-business owners struggle to be productive and efficient. But, in today's fast-paced and competitive corporate
The Next Big Thing To Watch Is The Internet Of Behavior
The world of technology is continually evolving, and with it, the creation of new communication protocols such as the Internet of Behavior (IoB). IoB provides a novel method for monitoring, controlling, and modelling human behaviour. As IT leaders in an ever-changing sector, we must remain ahead of new trends in order to reap the rewards.
New digital payment, PayShap launches in South Africa
On Monday, March 13, 2023, the South African Reserve Bank (SARB), BankservAfrica, and the "big four" banks launched PayShap. The "big four" banks, Absa, Nedbank, FNB, and Standard Bank, introduced the digital payment system today and are going live. Additional financial institutions are anticipated to join in the coming months. PayShap will enable South African
PayShap – it’s easy, safe and instant
The launch of PayShap, South Africa's first low-value, interbank, real-time digital payments service, on March 13, 2023, marks an incredible milestone. “Widely anticipated in the market and global payments community since its journey kicked off in 2017, we are extremely pleased to announce that PayShap is officially live,” says Mpho Sadiki, Head of Real-time Payments
Loadshedding forces MTN to spend R695 million on costs
With load shedding still continuing to hit many sectors of the economy, MTN has seen its costs rise to R695 million in 2022 alone. MTN is South Africa’s second-biggest mobile network estimated that load-shedding cost its operations in the previous year. In the MTN Group annual results for 2022, the telecoms operator said that operating
<strong>Ex-Eskom spokesperson Sikhonathi Mantshantsha joins News24</strong>
Former Eskom spokesperson Sikhonathi Mantshantsha has joined News24 and will be part of the business desk. The publication announced the news on Monday confirming that the award-winning financial journalist will join its team in April. Formerly with Financial Mail as the deputy editor, Mantshantsha has been the power utility’s spokesperson for the past three years.
SA research on plastic pollution to be showcased at Tunisia Science Fest
Research conducted by two South African learners that seek to mitigate plastic pollution, reducing the threat it poses to plants, animals, and the environment, will be showcased at the 2023 International Festival of Engineering Science and Technology in Tunisia (I-FEST2). Joseph Gibbon and Matthew Redfern, Grade 12 learners at Pinelands High School in the Western
Shell & Qatar Energy Namcor engage explore oil in Namibian waters
Namibia is involved in another oil exploration project and the oil is discovered by Shell, Qatar Energy, and the National Petroleum Corporation of Namibia (Namcor). It is reported in South West Africa that the exploration is taking place between Windhoek and Mariental which has a distance of approximately 270 kilometres. The three bodies are in
Uganda Airlines partners with SAA to boost its Entebbe-JHB route
East African airliner Uganda Airlines is looking to partner with South African Airways to boost traffic to its routes between Entebbe and Johannesburg. The Kampala-based carrier looks to tap into the wider southern Africa market. According to AirInsight, the carrier added a fifth flight to the service starting March 1 with an aim to plug
African Women Discuss their financial struggles, Innovations and Success on Forbes Leading Women Summit 3.0
Forbes Africa hosted women from across the globe on March 8th to celebrate, teach and inspire, to exchange knowledge and wisdom with one another. This year's theme was women 3.0: The Icons and Ideas Shaping Africa. The event began with a powerful speech by Forbes Africa Managing Editor, Renuka Methil, “let us ignite historic shifts