Exxaro Resources is pleased to announce its 5th position in this year’s Top 10 of the Ernst & Young (EY) Excellence in Integrated Reporting Awards. The diversifiedminerals and renewable energy solutions company was recognised as the only mining resources company in the top five and continues to deliver solid returns through its integrated reporting and Environmental, Social and Governance (ESG) performance. Ernst & Young is one of the Big Four accounting firms that provides audit, consulting, tax, business risk, technology and security risk services, and human capital services worldwide. The global organisation assesses strategic plans and outcomes of many companies, to ensure that sustainable and innovative practices are achieved for…
Author: Tebogo Nkabinde
Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), has announced the internal appointment of Dr. Reda Helal as Group Managing Director, Processing Business – Africa and co-head Group Processing. In his new role, Reda will be responsible for leading and growing a client-focused business unit serving financial institutions, fintechs and payment partners across all African geographies served by the Group. Reda is passionate about payments innovation, financial inclusion and cashless societies. He brings over two decades of experience in digital payments, strategic planning and execution, new market entries and leadership practices in multinational…
Wholly-owned MultiChoice subsidiary Irdeto has announced that it extended the capabilities of its digital rights management system to tackle piracy and password sharing. Irdeto is a security company that develops software and services for the gaming and video entertainment industries. It has been a MultiChoice subsidiary since 1997. It announced on Sunday that it had extended the functionality of its Irdeto Control “multi-DRM solution”. This includes expanding its geographic enforcement and concurrent stream management capabilities. Irdeto says with the update, operators can define and monetise their on-demand offerings “using diverse concurrency models based on subscriber, content, and device segmentation”. In…
Being retrenched is one of the most traumatic transitions a person can go through in their career, and as the world grapples with the aftermath of the pandemic and strained economies, retrenchments are unfortunately still a reality for many people. Lee Bromfield, CEO of FNB Life says, “The shock of being retrenched coupled with the financial stress may leave a person uncertain about how to proceed. Sadly, consumers who do not have retrenchment cover are exposed to greater financial risk when they’re cut back, which explains why one of the biggest lessons drawn from the pandemic is to consider retrenchment…
News reaching BusinessTech Africa is that the Competition Commission has recommended the approval of Dutch giant Heineken’s proposed takeover of parts of South Africa’s largest alcohol producer Distell. The two parties have reached an agreement to invest more than R10 billion in their local operational footprint as well as transfer more than R3 billion in shares to workers – but there are conditions on the approval. Media reports in South Africa indicate that beermaker, Heineken as the world’s second-largest brewer, announced in late 2021 it was looking to buy Distell for about R40 billion. Following the takeover, it planned to create a new…
Nigeria has lost its place as the top-ranked oil producer in Africa and that comes because of Angola’s emergence as number one for the month of August. Nigeria lost its crown as Africa’s largest crude producer for the month of August as Angola surpassed the country for the first time in close to a decade. According to Bloomberg’s survey of monthly OPEC output, the Southern African nation’s average daily output in August of 1.17 million barrels was more than Nigeria’s at 1.13 million barrels. “The last time that happened was in April 2017 when both nations were pumping about 500 000 barrels a…
An outpouring of condolences for the royal family immediately accompanied Buckingham Palace’s announcement of her passing, with some of the world’s most powerful companies and public figures paying tribute. Here’s how the international business community responded to Her Majesty’s death. Aston Martin The U.K.-headquartered luxury car manufacturer Aston Martin posted a tribute to Elizabeth on Thursday. “Aston Martin is deeply saddened by the passing of Her Majesty The Queen,” the company tweeted from its official account. “The Queen has dedicated her life to public service, and throughout her long reign as a passionate champion for British culture, enterprise and innovation.…
South African Government has announced its intentions to shut down the 2G and 3G networks in their country. In a recent announcement, the South African government has proposed a roadmap to shut down the 2G and 3G Networks in the country by 2025. Radio frequency spectrum is a finite natural resource that is vital to the growth of South Africa’s digital economy and communication infrastructure. The proposed policy intends to support the spectrum allocation and licensing for fixed mobile, broadcasting; aeronautical and marine; research and development; community access; and other relevant industries.The policy also seeks to promote equity and fair…
Julius Malema has threatened Pick n Pay with “militant action” if a third meeting request is ignored by the company. He has alleged that franchisees are exploited and treated unfairly by the retail company. Militant action threatens 85 000 jobs across 1 795 stores during South Africa’s toughest economic crisis. Consumer inflation increased to 7,8% at the latest reading, electricity tariffs are planned to increase by 38%, and soaring fuel costs frustrate citizens. Ironically, the Economic Freedom Fighters (EFF) are assaulting the foundation of economic freedom – secure property rights – by bullying private business owners into toeing their ideological line.…
If you don’t know what the Huawei Watch GT 3 Pro is, this is Huawei’s finest-looking smartwatch that aims to straddle finesse and functionality, especially with its fitness capabilities, premium design, and excellent battery life. The watch seems to have hit all the right notes both in terms of design and features. The HUAWEI Consumer Business Group (CBG) recently announced it received an award from the Expert Imaging and Sound Association (EISA) for the HUAWEI WATCH GT 3 Pro. EISA, which is composed of over 60 of the most respected international specialist consumer electronics magazines, websites and journalists, has dubbed the HUAWEI…
