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Secretary-General of the United Nations tells India to stop building coal-fired power stations for sake of climate
India must swiftly and permanently turn away from coal despite its need for cheap energy, the UN secretary general António Guterres has urged, aiming to revive global action on the climate crisis as the world begins to emerge from the coronavirus pandemic. António Guterres told a virtual audience on Friday morning that coal use must
Amazon opens latest grocery store concept with high-tech carts
Amazon.com Inc on Thursday said it is opening a supermarket in Los Angeles with shopping carts that let customers skip checkout lines, as the e-commerce company builds out its offline presence. The market, in the Woodland Hills neighborhood, is called the Amazon Fresh grocery store. It is the first location to let customers in –
Joe Budden is taking his podcast off Spotify because the company ‘is pillaging’ his audience
Joe Budden, one of Spotify’s biggest exclusive podcasters, is leaving the platform. He and his show will no longer be exclusive to Spotify after September 23rd, he says in his most recent episode while also seemingly suggesting it might not be available on Spotify at all. “September 23rd, I cannot tell you where this podcast
Apple and Epic Games are mired in a bitter legal battle, and 'Fortnite' is in the middle of it
"Fortnite" maker Epic Games and Apple are at the earliest stages of a heated legal battle, and there's already been one major casualty: "Fortnite" was kicked off the App Store on August 13, and it's not coming back anytime soon. Worse, the game can't be updated. Anyone playing "Fortnite" on iPhone or iPad won't be
Adcock not dispensing a dividend
The pharmaceuticals group says it prefers to adopt a prudent cash preservation approach until the full impact of Covid-19 is better understood. Adcock Ingram's full-year performance has been supported by increased demand for Panado and medicine aimed at boosting immunity. It says there was also exceptional demand for its Adco Hygiene range following the outbreak
Bidcorp prepares for the new normal
Bidcorp, the food services company says a majority of its customers have emerged from hibernation and sales continue to recover. Bidcorp says a significant decline in people eating out, visiting pubs, travelling and staying in hotels put the brakes on what had been a pleasing financial performance across its business up until February. Lockdown restrictions
Verily, Google’s health-focused sister company, is getting into insurance
Verily Life Sciences, the health care company owned by Alphabet, is getting into insurance, the company announced today. Verily is launching a new subsidiary for the effort called Coefficient Insurance Company, which will be backed by the commercial insurance unit of Swiss Re Group. Coefficient plans to offer stop-loss insurance. The explanation for stop-loss is
A massive live sheep export from SA to Kuwait approved after long court battle with NSPCA
Middle Eastern meat distributor Al Mawashi has been cleared to leave East London with a huge shipment of live sheep. A huge shipment of live sheep is now cleared to depart a feedlot in the Eastern Cape, be loaded onto a waiting ship in East London, and then likely to be transported to the Middle
Imperial positioned for changing market trends
Imperial logistics group has been impacted by Covid-related costs but says it is well positioned to capture new opportunities that arise. Imperial Logistics says it made good progress with its strategy to focus on its growing African footprint last year despite challenging trading conditions that were exacerbated by the Covid-19 pandemic. While headline earnings for
Dis-Chem benefits from online shift
Dis-Chem pharmacy chain says Covid-19 has matured the e-commerce environment and consumer adoption by three to five years. Dis-Chem has reported a decent rise in sales for the first five-and-a-half months of its financial year – despite losing out on about R200 million in transactions at the height of the lockdown in April. It has
Contactless Signature Solution for the courier industry launches in South Africa in response to Covid-19 pandemic
Social distancing is changing the way we do business and until we can 3D print all we need at home or the office, the delivery of goods still needs to be physically transported, delivered and accepted by the customer by way of the usual signature of acceptance, which completes the legal transaction. Studies have shown
SEE: Apple launches giant floating store!
Apple’s worldwide retail network may be struggling during the coronavirus pandemic, but that hasn’t stopped the company from indulging in its penchant for pricey-looking, unique, and outlandish exterior design. The iPhone maker’s newest retail location, located in Singapore on the city-state’s waterfront and known officially as Apple Marina Bay Sands, can claim a world’s first
Tongaat fined again for accounting fraud
Tongaat slapped with R20 million fine for accounting irregularities. The FSCA says the restated financial resulted have highlighted the gap that existed between prior public statements and the financial reality. Tongaat Hulett has been fined a massive R118 million by the Financial Sector Conduct Authority after it was forced to restate its financial results after
Old Mutual forecasts first-half loss
Old Mutual has booked a number of impairments in anticipation of rising death claims and the impact of Covid-19 on the economy and its business. Old Mutual says it will report a basic loss for the first half of its financial year after raising its short-term provisions due to Covid-19. While headline earnings will still
Aspen rises on potential Europe deal
The pharmaceuticals group has been selling non-core assets to reduce debt that has been worrying investors. Aspen Pharmacare's shares rose over 10% yesterday after it said it was in talks that could see it sell a segment of its European commercial business. It's not the first time the pharmaceuticals group has tried to introduce a
Absa battered by rising bad debts
Absa Bank says all its business units remain profitable despite the Covid-19 impact on credit impairments. Absa has reported a sharp decline in first-half earnings after its credit impairments quadruped as a result of Covid-19 and resulting lockdowns in the countries where it has banks. It has also held back on an interim dividend following
Google’s Android TV dongle could be coming soon
Two new Google hardware devices have shown up in FCC filings, and as 9to5Google notes, it seems likely that they’re related to the new Android TV product that’s reportedly been in the works for a while. If so, the filings could suggest that Google is finally gearing up to release it soon. An XDA Developers
FNB and Netcare launch a new partnership to make quality healthcare more accessible
First National Bank (FNB) has partnered with Netcare to provide access to affordable private primary healthcare. NetcarePlus, a new business unit within Netcare, will provide significantly discounted vouchers to all individual FNB Retail, Private Bank and RMB Private Bank customers. The vouchers can be used at over 500 General Practitioners (GPs) across all provinces in
NEPI Rockcastle offers shares in lieu of dividend
The shopping centre owner wants to protect its balance sheet and liquidity due to Covid-19 fallout. NEPI Rockcastle has withheld an interim dividend after Covid-19 lockdowns across Central and Eastern Europe (CEE) resulted in a big decline in rent collections at its shopping centres. Instead, it will compensate shareholders with additional shares so it can
RCL suffers from restaurant closures
The food group will report a significant decline in headline earnings and a basic loss for the year due to hefty impairments. RCL Foods has blamed an expected decline in full-year profit of as much as 70% squarely on the impact of Covid-19 and the national lockdown. Had it not been for the pandemic, it