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Vodafone Reduces Debt with €1.3 Billion Sale of Vantage Towers Stake
Vodafone Group has sold an additional 10% stake in Vantage Towers for €1.3 billion (R26 billion) as part of its strategy to reduce debt. This sale is in line with a deal announced in November 2022, when Vodafone agreed to sell a portion of its Germany-based tower company at €32 per share to KKR &
Amplats Restructures SA Operations, Leading to 2,800 Job Cuts
Anglo American’s platinum division has successfully completed a restructuring of its South African operations, leading to the departure of approximately 2,800 employees. In February, Johannesburg-based Anglo American Platinum (Amplats) announced a series of cost-cutting measures that would affect 3,700 workers, a response to plummeting metal prices that had significantly impacted earnings. Following a consultation process,
Excitement Builds for the Inaugural South Africa Customer Experience Awards™
The South Africa Customer Experience Awards™ (SACXA™) is set to be an extraordinary event, marking the inaugural celebration of excellence in customer experience across industries ranging from banking, insurance, retail, hospitality, technology, mobile, logistics, and much more. As the first of its kind, the SA Customer Experience Awards™ offers a unique opportunity for businesses to
Breaking News Today – 23 July 2024
Double Landslide Tragedy Hits Ethiopia: There have been two large landslide incidents in rural Southern Ethiopia. The landslides have reportedly resulted in the deaths of at least 50 according to local officials. Two incidents are believed to have occurred on Sunday evening and Monday morning, after heavy rains occurred in the remote mountainous area of
Report Highlights Productivity as Key to MSME’s
The recent McKinsey Global Institute report, “A microscope on small businesses”, reveals that micro, small, and medium-size enterprises (MSMEs) account for two-thirds of business employment in advanced economies, and almost four-fifths in emerging economies. They also contribute half of all value added Services. The data set of MSMEs and large companies covers 12 broad sectors,
U.S. Pledges $203M to Prevent Sudan Crisis Spill over
U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, announced on Thursday that the United States is pledging $203 million to help prevent the crisis in Sudan from spreading further into the region. The United Nations reports that nearly 9 million people have been displaced from their homes, with over 1 million fleeing the country. Thousands
Federal Judge Dismisses Majority of SEC's Lawsuit Against SolarWinds
A significant portion of the Securities and Exchange Commission's (SEC) lawsuit against SolarWinds, which accused the software provider of misleading investors about its cybersecurity practices and the implications of a major data breach affecting the US government, was dismissed by a US federal judge on Thursday. The ruling, issued by US District Judge Paul Engelmayer
Global Tech Stocks Plunge Amid US Chip Sale Restrictions to China
The world's largest technology companies experienced significant declines as concerns over tighter US restrictions on chip sales to China triggered a selloff in the industry. This sector has been leading the bull market in stocks. Chipmakers across the globe faced intense pressure. In the US, industry giants Nvidia, Advanced Micro Devices, and Broadcom saw a
Small changes make big business cents
On a regular basis, SME owners have to navigate legal contracts in order for their businesses to operate, and those who prioritise the operation of thriving businesses know the importance of understanding the small print within those contracts. In the same way that people dislike trips to the dentist or flossing daily, but agree that
MANZI Water Joins Hands With The Hanna Charity and Empowerment Foundation And The Gift Of The Givers Foundation
In honour of Mandela Day, MANZI Water, a South African beverage newcomer, partnered with renowned charity organisations, including the Hanna Charity and Empowerment Foundation and the Gift of the Givers Foundation, to donate bottles of water to communities in need across the country. This initiative aligns with the spirit of Mandela Day, which encourages people
Accelerate Property Fund Faces Delisting Threat Over Delayed Financial Results
The JSE-listed Accelerate Property Fund has announced another delay in publishing its financial results, putting the fund at risk of being delisted from the Johannesburg Stock Exchange. This marks the second postponement for Accelerate, which owns notable properties such as Fourways Mall and various others in Gauteng and the Western Cape. On July 9, Accelerate
Breaking News Today – 22 July 2024
Breaking News Today
Capitec Bank Restores Services Following Global Outage
Capitec Bank Holdings Ltd., South Africa's largest bank by customer base, announced that it successfully restored all banking services following a widespread global computer outage. The incident disrupted airlines and financial institutions worldwide. Capitec's online banking, mobile transactions, and card payments were all affected due to an issue at the cyber-security firm CrowdStrike Holdings Inc.
Paris' 24 – Olympic Games Hits New Record:
Global computer glitches not expected to cause any major problems with ticket sales Tony Estanguet, President of the Olympic Organizing Committee has confirmed that 8,6 million tickets had already been sold as of Thursday 18th July, with two weeks before the start of the Paris Olympics due to start on 26th July. The 8.6 million
Breaking News- CrowdStrike Update Crashes Worldwide
Breaking News- CrowdStrike Update Crashes Worldwide
Breaking News Today – 19 July 2024
Breaking News Today – 19 July 2024
Highlights of the Monetary Policy Committee SA
Johannesburg, 18 July 2024: The Governor of the South African Reserve Bank, Lesetja Kganyago, has indicated today that inflation in most economies has yet to stabilize in line with inflation targets. Consumer price inflation is 3% in the United States, and 2.5% in the Euro area, and are still above those economies’ 2% inflation target
African Tech Start-ups – Doing It for Themselves
Chipper Cash, a Fintech company that developed a modern mobile money-send app and operates in Kenya, Nigeria, Ghana, Uganda, the UK, South Africa, Australia, Colombia, Tanzania, Canada, hit a hurdle with their ID verification process that was required to verify identities of millions of users in numerous countries. Using existing products that were available proved
From The Living Room to Stadium: Elevate Your Olympic Viewing Experience
With the Olympic Games just days away, South Africans are preparing to support their athletes in the world’s most iconic sports event. New advancements in technology mean that fans can now enjoy the games in ways that bring the stadium atmosphere right into their homes or capture unforgettable moments if attending in person. Here’s how:
Refined Entertainment Now Standard with TCL Television Technology
The future of home entertainment revealed as TCL Electronics, the world's Top 2 TV brand and Top 1 98-inch TV brand excitedly launched the world’s finest & largest 115″X955 MAX Premium QD-Mini LED TV in South Africa embedded with Google Home technology. When it comes to making an individual statement of style, nothing speaks louder than your own