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Pick n Pay rings up Covid-19 costs
The supermarket group says first-half earnings will be less than half those reported last year due to Covid-19 and retrenchment costs. Pick n Pay has blamed trading restrictions, increased expenses as a result of Covid-19 and retrenchment costs for an expected slump in first-half earnings. But the retail group has gone out of its way
FAA shares new steps for Boeing to return 737 Max to the skies
The Federal Aviation Administration (FAA) has released a “preliminary summary” of its 18-month review of the Boeing 737 Max program, and with it, has detailed the remaining steps the company will likely need to take in order to allow the plane back into the air. Among the changes the agency is asking for is new
WhatsApp adds search feature to help users debunk viral messages
WhatsApp is piloting a new feature that lets users quickly search the contents of viral messages to fact-check misinformation, the company has announced. Starting today, a magnifying glass icon will start appearing next to messages that have been forwarded through a chain of five or more people. Tapping it searches for the message’s contents online,
Thandi Orleyn will replace Mandla Gantsho as chair of Impala Platinum
Thandi Orleyn will replace Mandla Gantsho as chair of the platinum producer after its AGM in October. Impala Platinum says former board member Thandi Orleyn will replace Mandla Gantsho when he retires as chairman at its annual general meeting in October. She will take a position on the board with immediate effect after stepping down
Renergen ready to drill first well
The emerging natural gas and helium producer says results from the Virginia Gas Project are still a month or so away. Renergen says it's preparing to spud the first inclined well at its Virginia Gas Project in the Free State as it taps into what it believes is a significant gas resource and one of
Should you sell your investment property?
A decision to sell a long-term asset such as a property can sometimes be a challenging decision for an investor, more so for a novice investor, amidst tough economic times. “Every property investor will be confronted with this question at some point in their investment journey. Therefore, knowing when to sell or hold your investment
MTN holding back on an interim dividend
MTN's shares fell on Friday after the network operator said it didn't plan on paying an interim dividend – despite flagging a strong rise in first-half earnings just a week earlier. It's still focused on reducing debt by selling non-core businesses and also wants to maintain its liquidity to deal with any further fallout from
Now is the time to take advantage of free transactions offered by your bank
The COVID-19 global pandemic has left many South Africans anxious about their state of health as well as their financial security. Many South Africans have lost their jobs with some working on reduced hours, resulting in a reduction in household income. Chief Executive of FNB Easy, Philani Potwana, says to alleviate some of the financial
Shoprite announces plan to leave Nigeria
South Africa retail giant, Shoprite, has announced the commencement of a formal process to discontinue its operation in Nigeria. Shoprite Holdings Limited made the announcement on Monday in its operational and voluntary trading update for the year ended on June 28, 2020.The multi-national retail group, which announced a 6.4 per cent increase (R156.9billion) in total
SoftBank to buy back an additional 1 trillion yen of shares
SoftBank Group said on Friday it has approved a 1 trillion yen (S$13.11 billion) share repurchase, the final tranche of a record 2.5 trillion buyback that has helped propel its share price to two decade highs. The Japanese conglomerate unveiled in March a 4.5 trillion yen plan to buy back shares and reduce debt. It
Recognizing the Women Who Wove the Web
Women helped create web domains and bookmarks, a neglected history explored in Claire L. Evans’ new book “Broad Band.” CLAIRE L. EVANS has discovered the solution to our social media woes: “Go back to BBS.” She means bulletin board systems, those grunge-era digital hangouts, like the Well and Echo, where users linked up based on
Satya Nadella's, Microsoft CEO: How he became the Top Tech Giant Boss in 2020
Microsoft CEO Satya Nadella was rated as the best CEO in the United States by Black, Indigenous, and employees of color, currently. The Comparably's annual survey of the top 25 CEOs provided the current ranking. According to previous reports, the survey was conducted on 60,000 workers and small companies in the U.S. starting from June
Garmin confirms services upended by ransomware attack
Garmin on Monday confirmed that many of its online services have been disrupted by a cyberattack on its systems that occurred on July 23, 2020. Services disrupted by the attack, which encrypted data on the systems, included website functions, customer support, customer facing applications, and company communications, the company noted in a statement. "We have
Amazon gives Alexa App a makeover
Amazon's Alexa mobile app has a new look. The company on Monday introduced an updated version of the app that aims to give users a more personalized experience and moves all third-party "skill" suggestions off the main screen. The app is being rolled out this month for iOS, Android and Fire devices, and should reach
Treasury seeks to tighten PPE procurement
In the wake of reports that Covid-19 funds are under siege from supposed covidpreneurs, Finance Minister Tito Mboweni has said that National Treasury is looking into tightening procurement processes which might include centralising the procurement of personalised protective equipment (PPE). Mboweni was speaking during the National Assembly debate of the Adjustments Appropriation Bill, in which
Google’s business model ‘is the problem,’ David Cicilline says
During Wednesday’s tech antitrust hearing, Rep. David Cicilline (D-RI) tore into Google CEO Sundar Pichai over the company’s dominance in search and its use of data to monitor would-be competitors. “It is Google’s business model that is the problem,” Cicilline said, alleging a pattern of anti-competitive behavior that allowed Google to grow while smaller businesses
African airlines collapsing, may see losses topping R33 billion in 2020
The airline industry is dying and help is needed fast to prevent a total collapse, Muhammad Albakri, regional vice president for Africa and the Middle East at the International Air Transport Association (IATA), warned on Wednesday. "We do not want to blame or shame anyone, but bureaucratic procedures maybe work in normal circumstances, while we
Google One will backup iOS or Android devices for free
Google One, the cloud storage service that Google launched back in 2018, will now backup your iOS or Android phone for free with your Google account. The iOS app will be able to backup your photos, videos, contacts and calendar events, consolidating what’s offered by different services like Photos and Drive into one place, Android
Huawei beats Samsung as world’s biggest smartphone vendor, says report
For the first time ever, Huawei has shipped more smartphones worldwide over a quarter than any other company, according to a new report from analyst firm Canalys. Huawei has long harbored ambitions to overtake Samsung as the world’s biggest smartphone seller, and going by the numbers from Canalys, that’s just what happened during the April-June
FNB launches a Virtual Card to expand its payments ecosystem for individuals and businesses
FNB is expanding its digital payments ecosystem by launching a Virtual Card for individual and business customers. The Virtual Card is available to individual customers across Debit, Fusion and Credit Cards and for business customers on Debit Cards. The Virtual Card will be available by October 2020 and customers will access it via the FNB