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Virgin Galactic Achieves Final Test Flight, Opening Doors for Paying Customers
Virgin Galactic, the pioneering space tourism company, has reached a significant milestone by completing its first spaceflight in nearly two years. The flight, the fifth time the company has ventured to the edge of space, is regarded as the final test before Virgin Galactic can begin commercial operations. The company expects to launch its space
Jeanette Marais Makes South Africa's First Female CEO in the Life Insurance Sector
Momentum Metropolitan Holdings, one of South Africa's leading financial services firms, has appointed Jeanette Marais as its first female CEO in the life insurance sector, making history. Marais, who has served as the group's deputy CEO since 2018, will take over as CEO on August 1. Her appointment is significant because she is the first
Clicks' Commitment to Sorbet's Success Amid Franchisee Concerns
In response to franchisees' concerns, the pharmacy behemoth Clicks has expressed interest in the success of Sorbet. The ongoing Public Competition Tribunal hearings have shed light on Clicks' stance, stating that they had no intention of investing R105 million in a failing chain. The focus of the proceedings on Wednesday was franchisees' fears that their
MASHELE APOLOGISES ADMITS AFTER ADMITTING GUILT FOR DENYING MASHABA'S ROLE IN FUNDING HIS BOOK 'THE OUTSIDER'
The author of The Outsider, Prince Mashele, has apologised unreservedly for denying that his book was funded by Herman Mashaba. This comes after going on the defensive with regard to the biography of Herman Mashaba. After he falsely claimed in numerous interviews that he received no funding from Mashaba, an apology came a day after
Julius Malema Says EFF Is The only Growing Organisation
EFF leader Julius Malema has claimed that the party is the third largest and fastest growing political organisation, stating that his experiences in the past and the mistakes he made along the way are the reason why he strongly believes that he is best equipped to be the best candidate to lead South Africa into
Stable Areas and Functioning Infrastructure Drives Rental Market Growth
Tenants are increasingly looking for reliable sources of electricity and accommodation in areas where service provision is reliable, according to property strategist John Loos. This trend comes as the rental market continues to improve, with rental growth accelerating for the sixth consecutive quarter. The average national rent increased by 4.2% from Q1 2022 to Q1
SARB Faces Delicate Balancing Act in Rate Hike Announcement
South Africa's economic landscape is poised for another interest rate hike, as the South African Reserve Bank (SARB) prepares to announce its decision during this week's Monetary Policy Committee (MPC) meeting. With the economy weakening and inflationary pressures persisting, the governor faces the difficult task of carefully navigating a complex set of circumstances. Tertia Jacobs,
Northern Cape Emerges as South Africa's Expensive Residential Rental Market
The Northern Cape province is threatening the Western Cape province as South Africa's most expensive residential rental market. According to the Rental Index released by property management platform PayProp, residential rental prices in the Northern Cape have increased for the fourth consecutive quarter. Rental prices in the province increased by 10.2% in the first quarter
Nampak: A Company in Need of Restructuring
Nampak, a packaging goods company, recently announced its interim results, which revealed a staggering R2.4 billion loss. Following shareholder backlash, the company decided to reduce the size of its rights offer from R2 billion to R1 billion. Anthony Clark, founder of Smalltalkdaily Research, shared his thoughts on the matter in light of these developments. According
Lewis Group Faces Growing Consumer Pressure
The Lewis Group, a well-known furniture and appliance company in South Africa, recently revealed that South African consumers are under increasing financial strain. As more customers chose credit purchases, the company's cash sales fell by double digits for the full year. Despite a 16% decrease in cash sales, credit sales increased by more than 18%,
Expanding Horizons: MultiChoice's Journey Beyond Pay TV
MultiChoice, Africa's leading pay TV operator, is making strategic moves to expand its business beyond traditional pay TV. While pay TV is still growing in Africa, MultiChoice acknowledges that it is not growing significantly. The total addressable market (TAM) in Africa is expected to grow at a compound annual growth rate of 3% over the
Why Car Parks are Emerging as Prime Real Estate for Solar Power Generation
Car parks, which were once thought of as places for cars to idle, are now transforming into energy powerhouses. Large arrays of solar panels are strewn across the rooftops of carports and supported by sleek steel structures, harnessing the sun's energy and providing shade for the parked vehicles below. In the south of England, outside
Nigeria's Dangote Refinery: A Potential Game-Changer in Ending Fuel Imports
Nigeria's Dangote Refinery, owned by Africa's wealthiest individual, was recently commissioned with the goal of ending the country's reliance on fuel imports. Nigeria, Africa's largest oil producer, has long struggled with fuel shortages. The refinery, with a capacity of 650,000 barrels per day, is regarded as a game changer that has the potential to turn
TikTok CEO Defiant: Asserts Long-Term Presence Despite Bans
TikTok CEO Shou Chew remains steadfast in his belief that the popular video-hosting platform is "here to stay." He called the recent ban imposed by the US state of Montana "unconstitutional" and expressed confidence that the prohibition would be overturned in court. Furthermore, Chew revealed that TikTok users in the United States have filed a
Last Emperor of China's Watch Sells for Record $6.2 Million at Auction
The Patek Philippe Ref 96 Quantieme Lune, once owned by the last emperor of China's Qing Dynasty, Aisin-Gioro Puyi, has fetched a staggering 49 million Hong Kong dollars ($6.2 million) at auction, setting a new record. Phillips, a London-based auction house, revealed that the winning bid for this rare timepiece was placed over the phone
France Implements Ban on Short-Haul Flights to Reduce Carbon Emissions
France has recently enforced a ban on domestic short-haul flights in cases where train alternatives are available, aiming to decrease carbon emissions. This legislation comes into effect two years after lawmakers initially voted to discontinue routes where the same journey could be completed by train within two-and-a-half hours. As a result of this ban, air
Netflix's Latest Update Enhances User Experience with Improvement
Netflix recently announced an exciting update to its "My List" feature, aimed at making it easier for users to find content they have yet to watch. Netflix is making it easier for subscribers to navigate through their saved movies and TV shows by introducing new filters and sorting options. This update provides several benefits and
Microsoft Edge Introduces 'Edge for Gamers' Mode to Elevate PC Gaming
Microsoft has added a new feature called "Edge for Gamers" to the latest update of its Edge browser's Canary channel. This feature is currently being tested internally by the company and is being quietly expanded. It can be found in the appearance options within Edge Settings, and it provides several enhancements for PC gamers. The
Galaxy S23 – Unleashing Uninterrupted Power
When it comes to smartphones for mobile gamers, Chipset* highlights several key features, including screen size and resolution, chipset, battery power, cooling system, comfort, and memory. A smartphone that combines high-performance capabilities with a seamless gaming experience is a prized possession that outweighs any monetary reward for avid gamers. Each time they engage in their
Coronation Fund Managers' Profits Plummet 97% as Costly Tax Case Takes a Toll
Coronation Fund Managers, a publicly traded asset management firm, saw a significant drop in profits as a result of a costly tax case involving its Irish operations. The company's half-year financial results, which were recently released, revealed a staggering 97% drop in headline profits. Headline earnings per share for the fiscal year ending March 31,