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Cell C Appoints Former Vodacom Exec as CEO
Cell C, South Africa's fourth-largest mobile operator, has announced the appointment of Jorge Mendes, a former Vodacom executive, as its new CEO. Mendes will take over as CEO at the beginning of July, bringing with him over 25 years of experience in the telecommunications industry. He succeeds Craigie Stevenson, who stepped down in March of
Ford Ranger to Conquer Dakar 2024 with South African Expertise
Ford Performance announced its return to the prestigious Dakar Rally in 2024, expanding its motorsport presence. This announcement follows Ford's recent partnership as an engine supplier to Red Bull's Formula One team, as well as its decision to re-enter the 24 Hours of Le Mans with the Mustang GT3. While Ford Performance has a long
TFG's Bash Platform: A Key Contributor to Online Sales
The Foschini Group (TFG) is seeing significant growth in online sales, with its e-commerce multi-brand platform, Bash, playing a significant role. Bash accounted for 34% of TFG's total online sales within two months of its launch and saw a remarkable 73% increase in multi-brand orders. According to the most recent financial report, TFG's online retail
Nigeria's Currency Drops by One-Third of Its Value on Official Market
Nigeria's central bank made a significant move by allowing the naira currency to fall by up to 36% on the official market. This decision comes shortly after the suspension of Godwin Emefiele, the central bank governor in charge of overseeing the highly criticised multiple exchange rate system. Nigeria has struggled with foreign currency shortages for
AI must not become a driver of human rights abuses
It is the responsibility of AI companies to ensure that their products do not facilitate human rights violations. On May 30, the Centre for AI Safety issued a public warning about the dangers that artificial intelligence poses to humanity. The statement, signed by over 350 scientists, business executives, and public figures, emphasised the importance of
The Deterioration of Executive Oversight at Transnet.
Transnet, South Africa's state-owned goods transport and logistics company, faced the difficult task of recovering from the state-capture era in 2018. In an effort to restore transparency, accountability, and efficiency within the organisation, Public Enterprises Minister Pravin Gordhan appointed a new Transnet board. This new board, comprised of 12 independent non-executive directors and two executive
Struggles of Sahara Salt Diggers: Battling Conflict and Fluctuating Income
A trade that has been passed down from generation to generation in the vast expanse of the Sahara Desert is now on the verge of extinction. The salt pans of Kalala, near Bilma in northeastern Niger, which were once a bustling hub for traders and their camel caravans, now face a bleak future due to
Rand Retreats as Fed Hints at Additional Rate Hikes in 2023
The South African rand, which had gained significantly earlier in the day, suffered a minor setback after the US Federal Reserve signalled its intention to raise interest rates further this year. According to AFP, the Federal Reserve of the United States chose to keep its benchmark lending rate at a range of 5.0% to 5.25%,
First Impressions of the One UI Watch 5 Beta Update
Owners of the Samsung Galaxy Watch 4 and Galaxy Watch 5 have recently been granted access to the One UI Watch 5 and Wear OS 4 beta updates. These updates are expected to improve and add new features to various aspects of the user experience, such as safety, fitness, and sleep. Although the beta programme
South Africa Seeks China's Assistance to Address Solar Panel Supply Constraints
South Africa's Minister of Electricity, Kgosientsho Ramokgopa, intends to seek Chinese government assistance in ensuring consistent access to solar panels to meet the country's growing demand for alternative energy sources. Ramokgopa will travel to China this week to meet with six of the country's largest solar equipment manufacturers in order to facilitate easier solar panel
Sacci Calls for Increased Investment Amidst Declining Mood
Following a one-year low in business confidence, South Africa's major commercial lobby group, the South African Chamber of Commerce and Industry (Sacci), has emphasised the importance of the country focusing on attracting foreign investment and expanding trade relations. According to Sacci's index, average business confidence fell to 106.9 in May from 107.1 the previous month.
Samsung, LG, SK Collaboration Set to Propel Hyundai to the Global EV Market Summit
With the help of other industry titans, Samsung, the renowned South Korean tech behemoth, is making significant strides in the electric vehicle (EV) market. According to recent reports from local news outlets citing unnamed industry officials, Samsung, SK, LG, and Hyundai Motor Group are forming a formidable alliance to conquer the EV landscape. This ground-breaking
Spar Faces Profit Decline and Operational Challenges: Scraps Interim Dividend
Spar, the JSE-listed retailer, has decided to cancel its interim dividend due to a significant drop in profit. The company is currently confronted with a number of challenges, including rising costs, high interest rates, and issues with a new IT system. Spar's operating profit fell by nearly 18% in the six months leading up to
High Court Orders City of Johannesburg to Restore Water Supply to Balwin Estate
In a recent court ruling, the City of Johannesburg was ordered to reconnect the water supply to The Reid Lifestyle Estate, developed by Balwin Properties. The estate's water supply was cut off due to alleged municipal account arrears. The estate, on the other hand, claims that it is being wrongfully held liable for amounts it
Nersa Provides Guidelines for a 15.1% Increase in Municipal Electricity Tariffs
Residents in six municipalities will have the chance to weigh in on proposed electricity tariff increases that exceed the 15.1% recommended by the National Energy Regulator of South Africa (Nersa) on Thursday. NERSA recently released its annual guidelines and benchmarks for municipal electricity tariff increases, which are set to take effect on July 1. However,
DStv Faces Subscriber Loss as Middle Class Struggles with Economic Challenges
MultiChoice, the popular satellite TV provider, is experiencing a decline in its subscriber base as economic challenges and power outages take a toll on the middle class in South Africa. Between January and March, the company lost approximately 100,000 subscribers, reflecting a growing trend of middle- and upper-income households discontinuing their DStv subscriptions. Specifically, the
Top Tips for Becoming the Ideal Tenant: Securing Your Dream Rental Property
The rental market is becoming increasingly competitive, making it critical for tenants to distinguish themselves as desirable candidates. Landlords and real estate agents screen potential tenants in a variety of ways, so it's critical to position yourself as a trustworthy and responsible individual. In this article, we will share five top Just Property tips to
Namibia Implements Ban on Unprocessed Critical Mineral Exports
Namibia recently declared a ban on the export of unprocessed critical minerals, including lithium, in order to capitalize on the rising global demand for metals used in clean energy technologies. The decision, announced by the government on Thursday, aims to ensure that the country benefits from the growing market for these resources. Namibia, located in
Camps Bay: A Thriving Cape Town Suburb Attracting Global Investment
Camps Bay has solidified its reputation as one of Cape Town's most desirable suburbs, known for its allure to movie stars, as a haven for holiday homes owned by the wealthy and famous, and as a beloved summer destination for locals. With its award-winning beaches and prime location, it has become an enticing prospect for
Rising Risks: Clean Tech Investors Grapple with Mining's Dark Side
According to a recent study conducted by the Business & Human Rights Resource Centre's Transition Minerals Tracker, investors in clean technology face an increasing array of risks due to the supply chains that support these products. The report, which is updated annually, sheds light on the human rights implications of mining six minerals critical to