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'Historic' G7 deal to stop global corporate tax avoidance welcomed by tech giants Google and Facebook
Google and Facebook have welcomed a G7 deal on tackling corporate tax avoidance by big tech companies. The agreement will see a global minimum corporate tax of at least 15% – lower than a floor of 21% mooted by President Biden – and changes to which countries will benefit. Chancellor Rishi Sunak called the deal
Amazon chief Jeff Bezos to travel into space next month for 'adventure'
Amazon's billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month. "Ever since I was five years old, I've dreamed of traveling to space. On July 20th, I will take that journey with my brother," Bezos, who
Shoprite gets its own ‘police force’
The Shoprite Group says it has seen continued success from an in-house security team that helps make hundreds of criminal arrests a year. The in-house team – operating from a centralised command centre – is involved in the entire process from identifying suspects to their arrest, including being in court to oppose bail, and working
The main reasons why insurers will deny your claims
Insurance cover is not a guarantee that your claim will be paid out, and insurers have the right to deny a claim under certain circumstances, says Wilma van der Walt, executive of customer experience and operations at PPS Short-Term Insurance. Below she outlined how to ensure your vehicle and home claims are paid out as a
South Africa to review BEE laws
President Cyril Ramaphosa says government will over the next few years review the country’s Broad-based Black Economic Empowerment (BBBEE) strategy and the accompanying Act to put economic transformation on a new trajectory. Addressing the 45th Black Management Forum (BMF) corporate update dinner on Friday, president Ramaphosa said while there has been progress, the country still
MTN to bid again for Ethiopia telecoms licence if mobile money included – CEO
South Africa’s MTN Group will bid again for an Ethiopian operating telecom licence in the second round if mobile financial services are included, its CEO said on Friday after losing the first round. Mobile financial services is key to MTN’s strategy as it continues to evolve from just providing voice to also providing data, digital
Previous competitors, Ispa and Telkom work together
Telkom’s wholesale division Openserve has joined the Internet Service Providers’ Association of South Africa (ISPA). This comes as the association celebrates its 25th year of existence this month. When the Internet Service Providers’ Association (Ispa) was founded 25 years ago, its principal raison d’être was fighting Telkom’s stranglehold over South Africa’s telecommunications sector. A quarter
Apple’s next iPad Pro has wireless charging and a glass back: report
Apple is working on a new version of the iPad Pro with wireless charging, according to a new report in Bloomberg. To accommodate the technology, Apple will reportedly switch to a glass back for the new models, instead of the aluminum found on the rear of every iPad released so far. Apple is said to
Twitter announces subscription service that will let users edit tweets
Twitter Inc on Thursday unveiled its new subscription-based service that will grant users access to exclusive features, including one to undo a published tweet within 30 seconds of posting. Twitter Blue will include other features like bookmarks folder, which will enable users to save tweets in separate folders, and ‘reader mode’ which will turn long
Tracking cookies are dead
Ryan Sauer, MD at King James Digital concedes we’re venturing into unknown territory. “What we are seeing is a massive drive to acquire, segment, store and plan communications to a client database as quickly as possible. We have already begun accessing 1st party data, which is the collection of user identifiable data in the form of
Competition Commission blocks Burger King's acquisition over lack of BEE
The Competition Commission has blocked the proposed acquisition of Burger King South Africa by private equity fund, ECP Africa, on the basis that BEE shareholding in the company would drop to 0%. ECP Africa – which comprises several different funds – intended to acquire Burger King SA and Grand Foods Meat Plant from Grand Parade
Huawei teases its upcoming P50 flagship phone
During Huawei’s HarmonyOS livestream, the company provided a first look at its upcoming P50 series phone. Few specs were given, and it didn’t talk pricing or tease a release date, but the sizzle reel did reveal a close-up look at its interesting camera array. Four camera lenses are visible, along with two flashes. It’s tough
Microsoft to unveil its “next generation of Windows” later this month
Microsoft is planning to detail its “next generation of Windows” at an event later this month. The software giant has started sending invites to media for a Windows event on June 24th. Both Microsoft CEO Satya Nadella and chief product officer Panos Panay will be presenting at the Windows event. Microsoft’s Windows event will start
Facebook opens up ways for businesses to interact with customers on Instagram and WhatsApp
Facebook is opening up ways for businesses to interact with customers on Instagram and WhatsApp, it said on Wednesday at its virtual developers conference, F8 Refresh. The world’s largest social network said it was rolling out tools so developers could build ways for businesses to message customers on Facebook-owned Instagram. Facebook said 90% of Instagram users
How Government ended up owing SMEs more than R3bn
Provincial government owes a staggering R3.2 billion to small and medium-sized businesses (SMEs) due to its continued failure to comply with its own policy of paying invoices within 30 days. This revelation of late payment shows that the government has failed to keep its longstanding pledge to prioritize payments to SMEs. The biggest culprit is
Oil extends rise above $70 a barrel
Oil futures rose Wednesday, with the global benchmark pushing further above $70 a barrel, on optimism over the outlook for demand as the world economy emerges from the COVID-19 pandemic. West Texas Intermediate crude for July delivery CL00, +0.53% CLN21, +0.53%, the U.S. benchmark, rose 65 cents, or 1%, to $68.37 a barrel on the
Eskom escalates Stage 2 load shedding to business hours
South Africans and business owners are set to get even more grumpy and frustrated amid the coldest week thus far this year, with Eskom announcing on Tuesday night that Stage 2 load shedding will be implemented from 10h00 on Wednesday morning until 22h00 on Friday. This represents the escalation of load shedding into the main
Huawei’s Watch 3 is its first HarmonyOS smartwatch
Huawei has announced its first smartwatches running its own HarmonyOS operating system, the Huawei Watch 3 and Huawei Watch 3 Pro. In theory it’s the third separate operating system Huawei has used for its smartwatches, which originally ran Google’s Android Wear (now Wear OS) before introducing its own LiteOS software with more recent devices. Despite
Huawei launching mobile operating system in fight for survival
Huawei will be launching a launch a homegrown new mobile operating system on Wednesday as it fights for survival in the smartphone arena after the United States blocked it from using Android. Huawei will unveil its first mobile devices loaded with the new HarmonyOS in an online event broadcast from its headquarters in the southern
Shoprite sells its Nigerian operations
Shoprite, Africa’s largest food retailer, has sold its Nigerian operations to local investors 16 years after it opened its first outlet in the continent’s most populous country. The company sold its stake to Ketron Investment, a Nigerian company owned by a group of local investors led by property firm Persianas Investment, Ketron said in an