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Goldman hires Barclays banker Bion to ride insurance deal boom: memo
Goldman Sachs GS.N has poached Barclays' insurance banker Marguerite Bion to win more business from Europe's biggest insurers as industry consolidation heats up amid anaemic profitability and tightening regulation. Bion, who started her career at Citigroup C.N in 2001 and spent the last decade at Barclays BARC.L, will join Goldman in February as a London-based
Young people can now sign up for online courses, for free
The minister of Communications, Telecommunications and Postal Services, Stella Ndabeni-Abrahams has confirmed that applications for online courses to train young people in data science and related skills are now open. This comes after she made an announcement during last month’s women in STEM webinar hosted by the United Nations Office for South-South Cooperation and the
WATCH LIVE: Ramaphosa addresses the nation
President Cyril Ramaphosa will address the nation on Wednesday at 8pm. Ramaphosa is expected to speak on measures government will take to curb the spread of the coronavirus. As of Tuesday night, there almost 20,000 reported COVID-19 related deaths in South Africa. The cumulative number of detected infections is now at 740,254. In September, South
FNB to launch their virtual card on Monday November 16
First National Bank (FNB) has confirmed to that they will officially be launching their virtual card service on Monday November 16. The product was first announced in July 2020, and the bank had said it would roll out this service to customers over the following few months. Confirming to MyBroadband, CEO of FNB Card Chris
Ramaphosa to address the nation tonight
President Cyril Ramaphosa is expected to address the nation at 7pm on Wednesday. Ramaphosa is expected to provide an update on the government's strategies to manage the coronavirus pandemic. Earlier this week, in his weekly newsletter, the president urged South Africans to continue adhering to health regulations in order to avoid a second wave of
Occidental Petroleum announces net-zero target for greenhouse gas emissions
(Reuters) – Occidental Petroleum Corp OXY.N on Tuesday laid out a target to reduce greenhouse gas emissions at its operations to net zero by 2040, becoming the latest oil and gas company to set long-term climate goals. Oil and gas producers, under pressure from investors who want to see the industry operate more cleanly, have
Alibaba doubles sales as Singles' Day gets into full swing
China's Alibaba said orders on its e-commerce platforms during the Singles' Day shopping extravaganza had exceeded $56 billion by Wednesday morning, as lockdown-weary consumers splashed out on as many as 16 million discounted goods. The world's biggest sales event – eclipsing Black Friday and Cyber Monday in the United States – spans four main days
Introducing a new shopping website for South Africans
One of South Africa’s biggest automotive groups, Motus Holdings has introduced a new car shopping website that will help South Africans browse through and buy both new and used cars and motorcycles. The new website allows users browse through cars owned by Motus Franchise Dealers. You can filter cars, trucks, and motorcycles according to whether
PS5 media remote hands-on: simple, streamlined, safe
In comparison to the PlayStation 5 itself — a big hulking mass of a game console — the PS5-branded media remote is very conservative. It does pretty much exactly what you’d expect from a media remote and not much more, but at least it’ll match your new games machine. Setting up the remote is incredibly
Sun International rises above Covid-19 turmoil
Sun International said on Tuesday that it was on the mend after its operations were severely curtailed by the trading restrictions placed by governments following the Covid-19 outbreak, with its South African operations at the centre of its recovery. The group said South African casino operations resumed trading from the beginning of July after the
Dutch government orders further anti-spying measures for telecoms
The Dutch government on Wednesday ordered a raft of new security regulations for telecommunications providers, including rules on equipment and software suppliers and a requirement that only people with background checks are allowed access to networks. The requirements, which will cover major providers KPN KPN.AS, T-Mobile and Vodafone VOD.L, are part of a series of
Zoom enhances security after US claims it misled users
Zoom Video Communications Inc. consented to to enhancing its security to settle claims it misled users about access to online meetings and other issues, the U.S. Federal Trade Commission said. Since at least 2016, the videoconferencing platform, which skyrocketed in popularity this year because of coronavirus lockdowns, said it offered a higher level of encryption
Hong Kong, Singapore to allow travel to each other without quarantines from November 22
A travel bubble between Hong Kong and Singapore will begin on Nov. 22, the two cities announced on Wednesday, as they moved to re-establish overseas travel links and lift the hurdle of quarantine for visiting foreigners. Hong Kong’s Commerce Secretary and Singapore’s Transport Minister said the scheme would begin with one flight a day into
The biggest difference between the new MacBook Air and MacBook Pro is a fan
It’s been a little bit weird that Apple would sell both a 13-inch MacBook Air and a 13-inch MacBook Pro simultaneously, but perhaps never more than today — because Apple’s new $999 and $1,299 laptops seem nearly identical if you look beyond the differently curved frames. They’ve got the same M1 processor, the same memory
Showmax is now offering free streaming option
In the effort to acquire more subscribers, Showmax Free has been launched in South Africa that is available free of charge. Showmax Free is an ad-supported streaming service which offers many of the same local and international series, movies and sports as on the regular Showmax service. The new service can be accessed through the
EU accuses Amazon of misusing the data it collects from third-party sellers
The EU is accusing Amazon of misusing the data it collects from third-party sellers on its platform, European commissioner Margrethe Vestager announced today. The European Commission says Amazon is “systematically” using non-public marketplace seller data to unfairly compete with sellers in France and Germany. The accusations are the result of an investigation that was announced
Rand continues to strengthen on the back of Biden election
The rand hit a more than eight-month high against the dollar on Monday (9 November), as markets cheered Joe Biden’s election as the US president on hopes that a calmer White House could boost world commerce and that monetary policy would remain easy. Democrat candidate won the race to become the next US president, defeating
South Africa’s digital tax plans face serious difficulties
South African government has communicated interest in the introducing the new digital tax laws which would see the likes of Netflix and Facebook being forced to pay tax locally. These international companies operate across a number of jurisdictions, and government advisory bodies have argued that these companies should be compelled to pay tax on their
Apple to unveil Macs with their own processors, widening its app ecosystem
Apple said in June that it would begin outfitting Macs with its own chips, which will build on its decade-long history of designing processors for its iPhones, iPads and Apple Watches. The new chips, which will be unveiled in a webcast event on Tuesday, will make it far easier for the millions of apps currently
The SABC partners up with Telkom to launch TelkomONE
The SABC has partnered up with Telkom and they have officially launched TelkomONE. The radio network will generate revenue through Telkom’s new online streaming service through both a licensing fee and a revenue share agreement. The CEO of SABC Madoda Mxakwe, who was commenting on the new TelkomONE streaming platform, said the partnership with Telkom