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PPC appoints Matias Cardarelli as new CEO
PPC, South Africa’s largest cement maker, has announced the appointment of Matias Cardarelli, who will be taking over as the company’s new CEO later this year. The company revealed that the appointment comes after extensive search for a suitable successor for Roland van Wijnen, whose contract expired on the 31st of August 2023 and was
Implats moves towards green metals for growth
The mining company, Impala Platinum (Implats) is planning to move toward metals key to the green energy transition as electrification threatens its core business in southern Africa. Nico Muller, who is the company’s CEO, appointed an analyst to help the Johannesburg-based company understand the base metals market. He said that the copper and nickel that
South African government to assist motoring industry transition to EVs
The South African government is set to give support to the motoring industry to help it transition to producing electric vehicles, deputy finance minister David Masondo said. It is said that the funding will be allocated in the 25 October midterm budget that will be delivered at a time when government revenue is under pressure
Paytm reveals a payments terminal
Paytm, the Indian fintech firm has revealed that it has launched a “soundbox” device that lets merchants accept both mobile and card payments across networks including Visa, Mastercard, American Express and homegrown RuPay. The ₹999 (US$12.08; R229) Card Soundbox also provides instant audio payment alerts to prevent fraud, and it comes as rival Pine Labs
Supply chain companies latch onto systems thinking as demand for engineering expertise grows
Bidvest International Logistics explains why holistic approach is gaining a foothold among South African logistics firms. Systems thinking is gaining traction among supply chain firms. This type of thinking embraces a holistic approach to analyse how a system’s constituent parts relate to and work with one another. In terms of logistics, it allows companies to
BLUETTI unveils solution to help South Africa tackle power outages
BLUETTI, a global leader in the clean energy storage industry has launched effective solutions to combat load shedding as countries grapple with energy crisis. Recently, South Africa has been grappling with the pressing issue of load shedding, and experts warn that this power crisis may persist until the end of next year. In seven months
Cybersecurity: A necessity for the sustainability of society
At first glance, cybersecurity and sustainability may seem like two separate topics. From a business perspective, there are considerable benefits to having a robust cybersecurity strategy in place, particularly when it comes to ensuring the sustainability and longevity of a company. But the links between cybersecurity and sustainability go much deeper. Cybersecurity is a necessary
Government’s emergency legislation may open the floodgates – here’s how to be compliant and thrive
South Africa’s pending legislation to smooth the way for private energy suppliers to help alleviate the country’s power crisis may well prove to be the game-changer so desperately required. The exemptions contained in the Exemption for Energy Users draft regulations include agreements relating to joint procurement of alternate energy supply for the national grid, sharing of backup
Former Google executive Dr. Juliet Ehimuan joins Zenith Bank
It has been revealed by the Board of Directors at Zenith Bank Plc that Dr. Juliet Ehimuan has been appointed as a Non-Executive Director of the bank, effective from August 29, 2023. This news underlies the bank’s commitment to bringing aboard top-tier talent with diverse and impactful backgrounds. The news were disclosed through a corporate
Honor plans to descend on SA’s foldables market
As the flagship smartphone segment to encompass foldable smartphones continues to expand, South Africa is becoming a favoured destination to launch these devices. One of the Chinese smartphone brands, Honor, is planning to bring its latest device to South Africa next year, the foldable Magic V smartphone which debuted at Mobile World Congress 2023. The
BRICS GDP set to increase by 36% after the expansion
The new expectation for the Gross Domestic Product of BRICS is 36 percent of global GDP and 47 percent of the world population. This is coming after there was an announcement of the six nations to the BRICS bloc. The president of South Africa, Cyril Ramaphosa made the announcement saying: “We have decided to invite
Eskom lost R5 billion loss in space of 3 months
In the first quarter of the 2023/24 financial year that ended June 2023, Eskom reported a R5 billion loss before tax. The revelation came from Eskom’s unaudited quarterly results that were presented to the Standing Committee on Appropriations on Tuesday the 29th of August. The company’s net revenue went up to R70.9 billion for the
Cell C looking to grow revenue to R26 billion
Jorge Mendes, the new CEO for Cell C has revealed that they have plans on the pipeline to reach 15% revenue market share in South Africa to become sustainable, which will require a big jump in revenue. In a media briefing this week, Mendes said the telecoms company will be shaking up the South African
Ellies acquisition of Bundu Power gets green light from Competition Commission
Reports have confirmed that the Competition Commission has unconditionally approved Ellies’ proposed acquisition of Bundu Power. Having a lot that was riding on the deal, this is a major milestone for Ellies. The company highlighted the importance of this deal in its annual results that were released at the beginning of August. Ellies had reported
Early Apple computer ad handwritten by Steve Jobs sells for R3.3 million
Handwritten by Steve Jobs, a draft for an advert for the Apple I computer has sold at auction for $175,759 (R3.3 million). According to the RR Auction listing, the piece of paper was expected to make no more than $30,000 (R560,349). It is said that the final bid was nearly six times higher than the
Adumo empowering SME growth through digital payments
It is always very important for merchants to embrace fintech solutions as a safeguard against the challenges posed by fluctuating trade cycles across different industries in today’s business landscape. Adopting innovative financial technologies means that merchants can effectively mitigate the risks associated with inadequate cash flow management, thereby fortifying their resilience and stability in the
MTN impacts South African economy more than its profit
One of the main findings of the new True Value Assessment Report that MTN South Africa released on Friday is that it contributes R76-billion, 17 times its profit, to South Africa’s economy. The metric of “true value” comes from a methodology devised by consulting firm KPMG, which MTN partnered with in an effort to quantify
TymeBank introduces free transactions with PayShap
One of the latest financial services institutions to offer instant payments through PayShap is TymeBank, which is South Africa’s real-time digital settlement platform that doesn’t require users to share their account details. Unlike other banks, though, TymeBank has promised not to levy a fee on PayShap transactions. In a statement, the bank mentioned that this
The HUAWEI nova 11 Pro Review
Huawei gave us the great chance to have a look at its latest member of the nova family, which is the HUAWEI nova 11 Pro. Going along with #daretostandout theme, this phone is unique and definitely stands out from other smartphones. It has a beautiful high dynamic display design, giving you the best viewing experience.
Gmail to introduce AI tools for R550/month
Google has revealed that it has plans in place for making its suite of artificial intelligence-powered tools available to corporate Gmail accounts at an additional cost of US$30/month (R550/month) per person, the Wall Street Journal reported on Tuesday (paywall). Reports reveal that the announcement will be made by Google Cloud CEO Thomas Kurian at the