Browse every article
10,685 articles
Ellies Electronics: Navigating Losses and Embracing Growth Amid Market Challenges
Ellies, a well-known electronics group that imports and distributes electronic products, has recently faced significant challenges, resulting in a loss that far exceeds its market value of R56 million. The company is undoubtedly facing a difficult period, with an additional burden of R183 million in net debt. Nonetheless, Ellies is optimistic about its future prospects
Toyota’s Next-Generation Land Cruiser "250": A Fusion of Luxury and Off-Road
Toyota has finally unveiled the Land Cruiser "250," the much-anticipated next generation of its 7-seat luxury off-roader. This production version, which is expected to keep the Prado name in South Africa, will make its local debut in the second quarter of 2024. The Land Cruiser "250" features significant mechanical upgrades as well as a new
Driver’s Licence Cards to be Valid for Eight Years: A Step Towards Efficiency and Transparency
A proposal to increase the validity period of the new driving licence card from five to eight years is a positive step that could benefit South African motorists. However, the cabinet has yet to give final approval to this decision. Sindisiwe Chikunga, Minister of Transport, confirmed that her department is eager to present this proposal
DStv Revamps Streaming Offerings: Introducing Two Streams at a Price
In response to shifting consumer preferences and the rise of streaming platforms such as Netflix, Disney+, and Prime Video, DStv has taken a strategic step to cater to its evolving customer base. Following the implementation of a single stream limit last year, DStv has now reintroduced the option for subscribers to live-stream on two devices
Royal Bafokeng Platinum Joins JSE Delistings Rush
Royal Bafokeng Platinum (RBPlat) has become the latest company to be delisted from the Johannesburg Stock Exchange (JSE). South Africa has already seen 14 delistings this year, with more expected to follow. After a protracted battle with Northam, which withdrew from the bidding war last month, Impala Platinum (Implats) is set to acquire 100% of
The trade secret battle between Tesla and Rivian goes to court
With almost a dozen employees who worked for Tesla Inc. and left to join Rivian Automotive Inc., Tesla has taken a stand and those employees unfortunately cannot avoid a trial over claims in a trade secrets suit that they breached Tesla confidentiality agreements before they joined its upstart rival. On Wednesday, a state court judge
South Africa’s Aviation Safety Standards Announced As Exceptional
South Africa has been recognised for its aviation safety standards, rating amongst the highest in the world and the highest in the continent. The Department of Transport said South Africa received an award from the African Civil Aviation Commission (AFCAC) for its exceptional preliminary International Civil Aviation Organization (ICAO) audit results. The preliminary results of
Facebook and Instagram blocking news in Canada
Meta Platforms Inc. is currently working on the process of ending news availability in Canada over a law requiring digital platforms to pay local news outlets. The California-based company has now backing its word by action following its threat to block news on Facebook and Instagram. This is taking place after the Prime Minister Justin
Standard Bank to shut Independent Media accounts
Standard Bank South Africa (SBSA) has reportedly issued letters to Independent Media and 30 other companies in the Sekunjalo Group, informing them of the closure of their business bank accounts on the 21st of August. A large number of major news outlets around the country such as The Cape Argus, Cape Times, Star, Daily News,
NLC Strike: e-hailing drivers shutdown Uber and Bolt apps from the 2nd of August
Reports have revealed that e-hailing drivers under the aegis of the Amalgamated Union of App-based Transport Workers Union (AUATWON) have threatened to boycott Uber, Bolt and other hailing apps from the 2nd of August so that they join the NLC strike. This is happening as a solidarity stand with the Nigerian Labour Congress, Nigeria’s organized
Rand slams through R18/$ on dollar strength
The rand has taken a big hit this week as the dollar advanced, however, local analysts say that one of the things that may also be weighing on the currency are local factors, such as jitters over the EFF. This took place on Tuesday, and by late afternoon, the rand lost almost 1.5% against the
Skilled South Africans moving overseas
There has been a high rise in numbers with South African professionals leaving the country or applying to move abroad, causing a tremendous skills shortage. William Gumede, a professor from Wits gave a warning in June, that South Africa’s skills exodus had become a crisis with professionals of all races, ages, and parts of the
Elon Musk gives a global load-shedding warning
Elon Musk has recently given a warning about the world possibly facing electricity shortages due to increased power demand from the growing adoption of electric vehicles (EVs) and power-hungry technologies like artificial intelligence (AI). Reports from The Wall Street Journal reveal that the CEO of Tesla, which is the world’s biggest fully-electric car manufacturer, shared
Over Half of Participants in 12-Week Vaping Trial Quit Smoking
Over half of the participants in a three-month trial in which smokers tried vaping as a way of either stopping or reducing smoking successfully gave up cigarettes. Of those who continued to smoke while also vaping, 79% reduced their cigarette consumption. These were just some of the notable results of a challenge dubbed ‘Mzansi Make
SABC Plans To Go International
The Department of Communication and Digital Technologies submitted a proposal that has the potential to put South African Broadcasting Corporation (SABC) in the international satellite TV and digital services space. According to Business Tech report, The proposals are contained in the department’s draft white paper on Audio and Audiovisual Media Services and Online Content Safety. The
Apple iPhone sales likely to take a dip in April-June quarter
Apple is likely to see a dip in iPhone sales in the April-June quarter as customers held out on buying available iPhones in favour of a new model making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. according to Refinitiv, the company will wrap up
South Africans Still Prefer Cash Despite Growth in Banking Sector
South Africa is one of the countries with a growing banking sector. The country is the largest in the African continent. In 2021, the combined 1 capital of the sector reached over $34.4 billion. With the top five banks in the country were amongst the ten largest African banks in terms of asset value in
Artificial Intelligence Boosts AMD With High Expectations
The second largest maker of PC processors AMD revenue tops $5.4 billion for the second quarter of 2023, slightly higher than analysts predicted and its own guidance for the quarter. The company’s revenue went down by 18% compared to last year’s send quarter revenue. The company said it continues to ride the wave of artificial
Google’s business model distorts competition, CompCom finds
The Competition Commission (CompCom) has found out that Google’s dominance and business model distorts platform competition, since small and new platforms struggle for visibility and customer acquisition. In its recently published Online Intermediation Platforms Market Inquiry report, the competition watchdog said that in order to address this distortion, the remedial actions have focused on improving
Investec Property Fund set to change name
Investec Property Fund (IPF) has revealed that is working on changing its name and rebranding as ‘Burstone’. Recently, the company made an announcement that the name change is subject to approval by shareholders at a general meeting set to be held at the end of August. This is happening after a successful internalisation of the