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Thousands of Capitec clients wake up to unauthorised deductions
A technical glitch has lead to thousands of Capitec clients waking up on Friday morning to find additional deductions from their accounts without their consent. Messages and photos have been posted on social media platforms this morning of people complaining about money being taken without their approval. Capitec said that it was still trying to
Netflix will not be opening offices until most of the staff are vaccinated
A lot of the corporate space in other parts of the world may have gone back to normal operations as Covid-19 cases drop but American technology and media services provider Netflix says it will not be opening its offices until the majority of people are vaccinated. According to The Wall Street Journal newspaper, Netflix founder
Epic Games wants ‘Fortnite’ restored on Apple App Store
The American video game and software developer and publisher, Epic Games, is trying to convince a California court to put back Fortnite on the Apple App Store pending legal proceedings, arguing that doing so is in the “public interest,” court documents show. If not, the game could suffer “irreparable harm,” the company’s lawyers said in
President Cyril Ramaphosa pays tribute to George Bizos
President Cyril Ramaphosa has paid tribute to Greek-South African human rights lawyer George Bizos after he died on Wednesday September 9th 2020, at the age of 92. "I have just received news that legal eagle of our country George Bizos has passed away," President Cyril Ramaphosa told reporters. "This is very sad for our country."
Barminco secures $145m development contract of Odysseus mine in WA
Perenti subsidiary and hard-rock underground miner Barminco has secured a development and production contract for nickel producer Western Areas’ Odysseus mine in Western Australia (WA). The Odysseus mine is situated on a mining lease that forms part of the high-grade Cosmos nickel operation, which lies 30km north of Leinster in WA. Valued at A$200m ($145m),
Aspen rallies on European thrombosis sale
Aspen group says the deal supports its strategy to earn more of its revenue in emerging markets. Aspen Pharmacare has reached a deal to sell the rights to its European thrombosis business as it continues to streamline its portfolio to pay down debt and improve returns for shareholders. It's shares rose over 9% on the
Shoprite shows growth in figures amidst recession period
Shoprite has grown volumes as it increased its share of the local grocery market. Shoprite's sales have reached a record despite restrictions on some categories at the height of the lockdown. Its shares rallied over 11% at their best on the news. The retailer credited volume growth of 2.3% and continued market share gains at
Amazon's Jeff Bezos tops Forbes richest list, pandemic knocks Trump lower
Hard work pays off, and Amazon Chief Executive Jeff Bezos is proof of that, as he has topped Forbes’ list of richest Americans for the third year in a row, while US President Donald Trump’s ranking dropped as the coronavirus pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday. The collected wealth
Apple shares a look inside its first ever ‘floating’ store
Apple’s latest retail store has drawn comparisons to a floating lantern, with a unique design incorporating a glass dome that sits directly on the water of Singapore’s Marina Bay. We first saw a glimpse of the store, the company’s third in Singapore and 512th worldwide, a few weeks ago, and the iPhone-maker has now shared new pictures of
TRESemmé dumped by Clicks with immediate effect and a senior executive resigns
The famous hair brand TRESemmé has been dumped by Clicks with immediate effect after a racially offensive advert produced by the Unilever brand sparked a social media revolt and protests at the health and beauty store this week. With EFF showing no signs of slowing down its planned week-long protests across the country, Clicks brand
The Flying-V have successfully tested flight of next-generation aircraft
Analysts in the Netherlands have produced a model of a futuristic passenger aircraft, called the Flying-V. The successful test flight was the first step in the developmental process of the aircraft. The engineers and researchers were pleased with the results but still need to enhance the model’s design and conduct more tests on the aircraft
Defy unveils new Impilo ventilator, which is being manufactured locally in participation with Denel
Defy, with help from Denel, is building a suitcase-sized ventilator at its Durban factory. According to the manufacturer, the ventilator is the first “intensive-care quality” ventilator to be manufactured on the African continent. The ventilator was designed in partnership with the University of Cambridge Open Ventilator System Initiative team, as well as Defy’s Turkish owner
Encouraging support as MC Mining receives funding
The company is making progress in securing the balance of Phase 1 funding for its Makhado Project following lockdown delays. MC Mining has secured more funding for its flagship Makhado hard coking coal project in a deal that it says shows encouraging support. Columbia Skies Holdings (CSH), a company owned by black industrialist Pitso Madibo,
C&R halts dividend distributions as earnings tumble
The shopping centre owner, C&R says it will not resume dividends until market circumstances improve. C&R owns seven shopping centres, mostly around London. It said its local community strategy, focused on providing non-discretionary, essential goods and services, helped mitigate the impact on a relative basis. Last December, Growthpoint bought a 51% stake in the group
Another petrol bombing as EFF continues to close down Clicks
The Economic Freedom Fighters (EFF) continue their blockage on Clicks outlets around the country as per their promise, while another store has been confirmed to have been the victim of a petrol bombing. The Clicks store at the Cycad Shopping Centre in Polokwane, Limpopo, fell victim of being petrol bombed at some stage on Monday
LG confirms Wing is the name of its new smartphone
LG has confirmed its upcoming phone will be called Wing (the Wing?) and will be revealed at its announcement event on September 14th. The device is believed to have two screens in a swiveling form factor, with a recent teaser video showing what looks like a sliding mechanism that can rotate into a T shape.
Tech stocks slide as Wall Street goes into reverse
US and Asian stock markets have gone into reverse after shares in America's biggest technology firms tumbled. Companies that have powered US markets to record highs – Apple, Amazon, Alphabet, Microsoft and Facebook – fell between 4% and 8%. Analysts said fears about the economic shock of coronavirus and a possible second wave prompted the
Racially insensitive Clicks advert raises concern – EFF calls for closure of stores
Health and Beauty retailer Clicks continues to come under fire after an offensive hair advert which sparked outrage on Friday. Speaking on Bongani Bingwa’s ‘Breakfast Show’ on 702, CEO of Clicks Vikesh Ramsunder said he was shocked when he saw the ad. Some supporters of the Economic Freedom Fighters (EFF) have heeded the call by
Truworths pays dividend despite annual 28% profit drop on lockdown
weeks of local sales due to the Covid-19 lockdown and hefty impairments. In an update in May, Truworths said a final dividend was unlikely. The retailer said at the height of the lockdown it earned no revenue from merchandise sales and accounting collections were significantly reduced due to the impact on customers' income as well
Elon Musk’s most ambitious venture
Elon Musk, the South African born multibillionaire, is famous for his many ambitious ventures. He created Tesla, the electric car company, to shift the car industry away from the internal combustion engine. SpaceX, his rocket company, aims to make humans a multiplanetary species by colonising Mars. Even his most boring company, aptly named the Boring