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SAA business rescue process to be finalized end of March – experts
The business rescue practitioners of SAA intend to hand back the company by the end of March, ending the 15-month rescue process. In a detailed notice to affected parties on Friday, the rescue practitioners outlined all the outstanding matters to be completed by the end of March and said SAA was now a company that
Eskom suspends load shedding after 10 days of outages
Eskom has suspended load shedding, with effect from midday on Friday, after restoring generation capacity sufficiently to meet customer demand. In a statement, the state-owned electricity utility said its teams had successfully returned to service a generation unit each at the Duvha, Medupi, Kendal, Kriel and Kusile power stations. “Although we have lost units at Tutuka,
Exxaro Annual Results for the Financial Year-Ending 31 December 2020
HIGHLIGHTS (FY20 vs FY19) Group revenue up 12% to R28.9 billion [FY19: 25.7 billion] Core HEPS up 26% at R29.73 [FY19: R23. 54] Core EBITDA up 25% to R7 291 million [FY19: R5 832 million] 4 years fatality-free (48 months rolling to 1 March 2021) & 58% improved LTIFR Entrenched industry leader in ESG Aligned to Paris Agreement
South Africa is building 3 smart cities – here’s where you can find them
As reported by news outlets earlier this week, the town of Port St Johns will be getting a new makeover and will ultimately be developed into a new South African coastal city. This after it was previously announced that Lanseria is getting a new smart city as well. So how many new cities are planned?
Barnes & Noble will reveal a Lenovo-made Nook tablet next week
Barnes & Noble’s line of Nook e-readers isn’t dead yet. The company has confirmed to The Verge that despite running out of stock, it still plans to sell its Kindle competitors once new units arrive in stores later this spring. In fact, there’s a previously unannounced tablet that the company will imminently reveal. Susan McCulloch,
Facebook is building an Instagram for children under the age of 13
Head of Instagram Adam Mosseri confirms that a version of the popular photo sharing app for children under 13 is in the works, BuzzFeed News reports. The Facebook-owned company knows a lot of kids want to use Instagram, Mosseri said, but there isn’t a “detailed plan yet,” according to BuzzFeed News. “But part of the
Why Facebook is getting in the newsletter game
Today let’s talk about platforms’ growing interest in building newsletter tools — and whether Facebook, against all conventional wisdom, might have an opportunity there. I.Newsletters made headlines today after Facebook announced a plan laying out some of its intentions in the space. In a blog post entitled “Supporting independent writers,” the company explained its point
Microsoft PowerPoint can now help you practice presentations almost anywhere — no humans required
Microsoft’s Presenter Coach, which helps you practice presentations, has been available on the web version of PowerPoint for a while now, but it’s finally coming to the desktop and mobile versions of the app. According to Microsoft, the feature will now be available on Mac, Windows, iOS, Android, and, of course, the web. PowerPoint Presenter
Rain set to roll out 2 000 5G towers as valuation hits R17.1-billion
Rain, the first operator in South Africa to deploy a commercial 5G network, plans ultimately to roll out 2 000 5G high sites across South Africa’s main urban centres, although there is no timeframe for the build. This was disclosed in shareholder African Rainbow Capital Investments’ interim financial results for the six months to 31 December 2020,
Remgro held back by FirstRand, Mediclinic
Remgro will report a sharp decline in first-half earnings, mostly as a result of its investments in FirstRand and Mediclinic. It says its performance has also been skewed by Covid-19, which had a significant impact over the six months to end-December. Remgro has a broad portfolio of investments that span the economy, which also include
OUTsurance cushions RMI
Rand Merchant Investments (RMI) says the first half of its 2021 financial year continued to be dominated by the Covid-19 pandemic, with corresponding economic uncertainty and market volatility. However, it says it showed some resilience under the challenging circumstances, supported by its OUTsurance subsidiary. The financial services investment holding company also owns stakes in listed
Boeing tests Dreamliner cockpit windows amid expanding search for flaws
Boeing is scrutinizing the flight-deck windows of some of its 787 Dreamliners as the planemaker expands its search for potential manufacturing flaws that have delayed deliveries of its marquee jetliner, according to people briefed on the matter. Boeing has been testing the cockpit windows in a limited batch of aircraft after learning that a supplier
Shoprite challenges Pick n Pay in launching a mobile data and voice service
Pick n Pay can expect some competition from rival Shoprite when it comes to offering a mobile data and voice service. Speaking at the group’s results for the 26 weeks to end-December, CEO Pieter Engelbrecht on Tuesday said Africa’s largest retailer plans to operate its own mobile virtual network operator, or MVNO. He said this move
Shoprite to secure its own Covid-19 vaccines
While South Africa is likely to miss its target of vaccinating as many as 1.5 million people against the coronavirus by the end of March, Shoprite is willing to step up and help cover the huge gap in that regard. The country started the inoculation of health-care workers last month but seems to be failing
Why Ghana will no longer sell cocoa to Switzerland
A year ago, Ghana’s President Nana Akufo-Addo became the first African leader to be invited in about 60 years on a state visit to Switzerland. But his visit may not have gone as his host would wish as he announced that his country will soon end the process of selling raw materials to trade partners
Samsung says it might not be able to ship Galaxy Note phones this year
Samsung has warned that it might not be able to ship a Galaxy Note phone in 2021 after all, citing difficulties in launching two flagship phones in one year, in comments at its annual shareholders meeting reported on by Bloomberg. “[The] Note series is positioned as a high-end model in our business portfolio,” said mobile
Apple Maps updated with COVID-19 vaccination locations
Apple announced yesterday that Apple Maps has been updated with vaccine locations from VaccineFinder, a site run by Boston Children’s Hospital that provides information on vaccine eligibility and availability. People can search for nearby vaccination sites in Apple Maps or ask Siri, “Where can I get a COVID vaccination?” Over 20,000 locations are now listed, with more
Minimum wages and paid vacation for Uber drivers in the UK – court rules
Uber will classify around 70,000 drivers in the UK as workers and give them some benefits after losing an appeal at the Supreme Court level in February, following a years-long legal battle over their employment status. Drivers will still not be considered full-time employees, but they will receive a minimum wage, holiday time, and will
Mr Price scoops deal to buy Yuppiechef for R460 million
Durban-headquartered retail group Mr Price said on Monday that it has reached an agreement to buy 100% of Yuppiechef, an “omnichannel” retail business focused on kitchenware, for about R470-million in cash. The business has two primary operations: Yuppiechef Online, the retail division comprising the online platform and seven stores, as well as a wholesale division, which
Pick n Pay signs a memorandum of agreement with the Competition Commission to cap some prices on items
Push came to shove for one of SA's leading retail outlets Pick n Pay after it was called out for unfair pricing on some of their items. The retailer has now signed a memorandum of agreement with the Competition Commission to cap its gross profit margin on garlic and ginger, amid investigations into alleged price