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Spar introduces eBucks through FNB
FNB has unveiled an exciting collaboration with Spar, introducing a new opportunity for FNB Private customers to earn eBucks rewards on their purchases at Spar stores. In an official statement released on Thursday (1 February), the bank revealed its latest addition to its partner network, which already includes prominent names like Shoprite, Checkers, Takealot, Engen,
Global tech industry initiating some layoffs
The tech industry has initiated 2024 with a new round of job cuts, further trimming its workforce following extensive layoffs in the previous year. Layoffs.fyi, a startup monitoring job cuts in the tech sector since the pandemic, reports that approximately 32,000 tech workers have lost their jobs this year. Snap recently joined the trend by
Tunisia looking to borrow billions from its Central Bank
Cash-strapped Tunisia is considering an unexpected move to borrow billions from its central bank to address budget deficits and as well as its economic crisis. In a closed-door emergency meeting, the parliament's finance committee reviewed the government's request to borrow funds after revising laws aimed at ensuring the central bank's autonomy. The move, seeking to
Former Tesla executive now leading Ford skunkworks project to develop low-cost EV
Former Tesla and Ford Advanced EV development executive, Alan Clarke, is heading a Ford skunkworks initiative aimed at creating an affordable electric vehicle (EV), according to information obtained by TechCrunch. Ford CEO Jim Farley mentioned the existence of a "skunkworks" team during the company's fourth-quarter earnings call, emphasizing the goal of developing a low-cost
Court orders Vodacom to compensate Nkosana Makate for the invention of ‘please call me’
The legal battle that has been taking place for almost two decades between Vodacom Group and its former employee, Nkosana Makate, remains unresolved. The Supreme Court of Appeal has rejected Vodacom's application for leave to appeal, upholding a prior high court ruling. The court has mandated Vodacom's CEO, Shameel Joosub, to extend a new compensation
CIPS re-recogised by South Africa’s highest qualifications oversight body
The South African Qualifications Authority (SAQA), the country’s highest oversight body for the National Qualifications Framework, has bestowed re-recognition status on the Chartered Institute for Procurement & Supply. The SAQA recognition is the ultimate stamp of approval for CIPS as a professional, credible and legitimate procurement and supply training organisation operating in South Africa The accolade is
Logitech First to Transition Video Collaboration Portfolio to Recycled Plastic
Logitech (SIX: LOGN) (NASDAQ: LOGI) has announced that all video collaboration devices that run on the CollabOS operating system will now be manufactured with next-life plastics. This move will help enterprise customers support their sustainability objectives. Efforts to reduce negative environmental impact have rapidly become a business imperative. In a recent survey by analyst firm
Seriti Resources builds South Africa’s biggest wind farm
The South African coal producer, Seriti Resources has initiated the construction of the country's largest wind farm, signaling the mining industry's move to reduce dependence on Eskom Holdings SOC Ltd., the troubled state-owned power utility. As South Africa aims to move towards cleaner energy sources, it confronts the challenge of supporting communities reliant on coal
MultiChoice turns offer price from Canal+
MultiChoice has rejected Canal+'s offer to acquire the company at R105 per share, stating that it significantly undervalues the company. Canal+ submitted a non-binding offer to the MultiChoice board, which proposed a cash consideration of R105.00 per MultiChoice ordinary share, representing a 40% premium to MultiChoice's closing share price on January 31, 2024. Canal+'s
Starship Technologies raises $90M in funding
Starship Technologies, the pioneer in sidewalk delivery robot services based in Estonia, has secured $90 million in funding to scale up its operations during challenges faced by similar services. The investment round is co-led by Plural and Iconical, both previous backers. This brings Starship's total funding to $230 million, with support from NordicNinja, European Investment
Mastercard acquires minority stake in MTN’s fintech business
Mastercard has completed the acquisition of a minority stake valued at up to $200 million (approximately R3.8 billion) in MTN Group Fintech, the financial technology arm of the telecommunications operator MTN Group. With this investment, MTN Group Fintech is now valued at $5.2 billion (almost R100 billion) on a cash- and debt-free basis. The
Snap lets go of over 500 employees
Snap Inc. is set to trim its global workforce by almost 10%, following the trend of several tech companies implementing layoffs since the beginning of the year. The company revealed that these cuts aim to optimize its business focus on key priorities. In a filing on Monday, Snap mentioned a reorganization to reduce hierarchy and
SA consumers endured most financially challenging year in 2023
Last year was amongst the most financially difficult South African consumers have endured since democracy, with high inflation and interest rates and a straitened economy combining to erode disposable incomes. Rising food, electricity and fuel prices drove inflation, with the Reserve Bank countering by increasing and sustaining interest rates which are now 475 basis points
Saving Power Can Empower Your Business
Cape Town’s most successful inner city business owners are heeding the call to conserve power for the continued prosperity of the city’s vital central business district. Leading property developers, world-renowned restaurateurs and established merchants have given their full backing to the Cape Town Central City Improvement District’s (CCID) “Switch on to Switching Off” campaign, which encourages
X Marks Your Favourite App with the new HUAWEI nova Y72's X Button
Innovative quick-access button puts apps and communication features directly at your fingertips Following the recent launch of the HUAWEI nova Y72, HUAWEI introduces a game-changing feature that revolutionises the phone’s usability – the X Button. This innovative addition is not just a button; it's a gateway to a world of convenience tailored to enhance the
Nissan debuts the Magnite Kuro edition
Nissan South Africa is introducing a stylish twist with the launch of the Magnite Kuro edition, where "Kuro" translates to black in Japanese. This special edition gives the Magnite a midnight makeover, featuring a black-themed exterior with elements like the roof, grille, roof rails, and 16-inch alloys in gunmetal black. While an all-black exterior is
Authenticity As An Essential And Powerful Sales Tool
The importance of being a reliable partner within the public sector to navigate the digital migration journey There is no doubt that building trust, establishing credibility and strengthening relationships with customers is vital for anyone selling a product or service. This is especially relevant when it comes to digital transformation and selling solutions to help
Job search in the age of AI : How to beat the automation invisibility cloak
The job search process has undergone a significant transformation over the past year, with the rapid advancement of AI and online recruitment tools. In 2024, job seekers are faced with a new set of challenges and opportunities that require a proactive and strategic approach, a leadership expert says. “The big buzz of last year was
Fashion and textiles loses lustre, while groceries grow steadily
South Africa’s retail figures for November, including the Black Friday period were released recently by StatsSA. These insights may be a sneak preview into the state of December’s retail. In real terms, retail sales for November decreased by nearly one percent YoY with the largest negative contributors being textiles, clothing and footwear (down 2%). A
Geely launches 11 satellites for autonomous cars
The Chinese car manufacturer, Geely Holding Group, made an announcement this past Saturday about the successful launch of 11 low-Earth-orbit satellites, marking its second deployment. Launched from the Xichang Satellite Launch Centre in Sichuan province, Geely aims to enhance navigation accuracy for autonomous vehicles through its satellite network. The company plans to have 72 satellites in orbit