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Cell C IT executive accused of swindling over R130 million in 8 years
Cell C’s former head of IT is accused of masterminding a scam that siphoned R357.3 million from the mobile network operator over the course of eight years, Mail & Guardian reported. This follows reports from earlier this year that the IT executive and an accomplice were arrested for alleged fraud and corruption. “They allegedly colluded with a
Libya oil engineers say output normal despite blockade threat
Engineers at the Libyan oil ports of Es Sider and Zueitina said on Saturday that production was normal despite the announcement by a group calling themselves people of the oil crescent region that they were blocking exports. The group said in a video message, standing in front of an oil facility, that their demands included
Ryanair ends talks with Boeing on large 737 MAX 10 order
Ryanair (RYA.I) has ended talks with Boeing (BA.N) on a major new order for Boeing 737 jets due to a disagreement over pricing, the Irish airline said on Monday. Ryanair is already the largest European customer for the 737 MAX, with 210 firm orders of the 197-seat MAX 8-200 model. In July it said it
Truworths downplays value retail pilot of new Primark stores
Fashion retailer Truworths International’s CEO Michael Mark says the group’s newly established value brand Primark is still in its experimental stages and is yet to make an impact on the group. He was commenting on the group’s foray into the booming value or budget retail segment during Truworths’s financial results webcast on Friday. The move
South Africa sets rule to lower sulfur in diesel fuel by 2023
South Africa published regulations that lower the sulfur content allowed in the country’s diesel fuel, which may force some oil refineries to upgrade in order to meet the standards. Diesel grades allowed for sale may not exceed 10 parts per million, or ppm, according to a government notice on petroleum product regulations dated Aug. 31.
Virgin Mobile to shut down in South Africa
Virgin Mobile will soon be no more. South Africa’s first mobile virtual network operator, which was launched on Cell C’s network to much fanfare 15 years ago, will close its doors on 1 November. The decision to shut up shop comes after the business was placed into voluntary business rescue in November 2020. The company
How B2B eCommerce is changing sales and why it’s important
For years, eCommerce has been a disruptive force. All you have to do is take a walk through any city centre and look at how brick and mortar stores are faring. More and more businesses are moving online. The pandemic has underlined the importance of strong digital channels, particularly for business to business (B2B) buyers
Jeff Bezos gives away $172m in Amazon stock
Jeff Bezos donated more than $170 million in Amazon.com Inc. shares just over a month after he announced a series of mega-donations. The world’s richest person said in July he would give $100 million to Van Jones, a CNN political contributor and founder of Dream Corps, and to chef José Andrés, who cofounded World Central
SA to participate in BIS central bank digital currency experiment
The Bank for International Settlements will test the use of central bank digital currencies with South Africa, Australia, Malaysia and Singapore in an experiment that could lead to a more efficient global payments platform. Codenamed “Project Dunbar”, the study aims to develop prototypes for a common platform that will enable international settlement in digital fiat
Free Spotify Premium deal for South Africans
Spotify is relaunching its Premium offer for current free and first-time users, giving them access to the music streaming app’s premium features at no cost for three months. The company previously offered the same promotion in May and June 2021. These users can get three free months of Spotify Premium, valued at R179.97, if they sign up between
Twitter to allow tipping with Bitcoin
Twitter could add Bitcoin payments to their Tip Jar feature — a leak revealed on Wednesday. Until now, followers have been able to send regular currency to content creators using the feature, but it is likely that they’ll soon be able to use Bitcoin to tip. Launched earlier this year, Tip Jar allows content creators
SA tourism suffers as Durban beaches remain closed
TOURISM along the North Coast of eThekwini has been left reeling, following the continued closure of beaches and recreational activities due to contamination after the United Phosphorus Limited (UPL) warehouse in Cornubia was burned down in July. DA eThekwini councillor Rory Macpherson said that while the beaches remained closed the tourism industry was suffering, as
Egypt plans high-tech leap with new capital
A general view of under constructing buildings in the New Administrative Capital (NAC) east of Cairo, Egypt July 5, 2021. Picture taken July 5, 2021. REUTERS/Mohamed Abd El GhanyIn Egypt’s new capital on the outskirts of Cairo, residents will use smart cards and apps to unlock doors and make payments, and surf the web on
Shoprite creates youth jobs despite lockdown
As the latest unemployment figures in South Africa scales new heights, the Shoprite Group has continued to create and retain jobs, with a special focus on youth the supermarket chain said in a statement on Wednesday.© Provided by The South African The retailer, which is the largest private sector employer in South Africa, had 144 844
NASA is testing electric air taxis
NASA kicked off test flights of electric vertical take-off and landing (eVTOL) aircraft — colloquially referred to as “flying cars” — with Joby Aviation, the Northern California company that recently went public. The test flights are part of a national campaign by NASA to observe these experimental aircraft in action and determine whether they are
Twitter launches Super Follows on iOS
Twitter is starting to roll out Super Follows, its new feature that lets users charge for subscriber-only content. Creators can set their tweets to go out to Super Followers only, and the tweets will appear in the timelines of just those subscribers. The feature, announced in February, is currently only available on Twitter’s iOS app and
Altron Nexus announces new managing director
Altron has announced the appointment of Kennedy Chinganya as managing director for Altron Nexus, with effect from 1 September 2021. He succeeds Mark Harris, who will now handle special projects until the end of November 2021. Chinganya joined Altron Rest of Africa in August 2018 as the finance director. He was responsible for implementing financial
Windows 11 to be launched on 5 October
Microsoft has announced that the next major version of Windows will be available for installation starting on 5 October. The company said in a statement on Tuesday that Windows 11 will be available for some users to upgrade to on that date. Not all PCs are eligible for the upgrade, however. The free upgrade will begin
Day to day money management
We are living in uncertain economic times, where everyone’s career and income are at risk. There is a worldwide slowdown caused by Covid-19, now more than ever it’s important to take control of your finances. Managing money is very challenging and almost difficult and lack of education financially at times puts you in a risky
Best business schools in South Africa
We can’t deny the fact that South Africa has some great business schools. If you are looking to change your life and perhaps go to a school that produces high quality education and is accredicted perhaps you should consider the below list. Please see list of the best business schools in South Africa: Acsess Business Academy, Port