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Debt Consolidation and Debt Review: What You Need to Know
Managing personal finances can often be overwhelming, especially when faced with mounting debts and financial obligations. In such situations, seeking the right solution to alleviate the burden and regain control of your finances is a logical step, and the commonly considered options are Debt Consolidation and Debt Review. Denise Hartley, Chief Operations Officer at FNB
ArcelorMittal's Shares Crash by 43% as SA Steel Giant Underestimates Economic Downturn
ArcelorMittal, South Africa's largest steelmaker, saw its shares plummet by 43% on Tuesday. This unexpected drop wiped out roughly R1.7 billion in shareholder value. This significant drop was attributed to the company's underestimation of the economic downturn caused by unprecedented load shedding, which had a severe impact on its customers. ArcelorMittal revealed in a trading
Rand Surges as Dollar Weakens: Interest Rate Speculation and Global Factors Drive Gains
In recent days, the rand has made significant gains against the US dollar, registering a 4% gain. As the US dollar is under pressure, the rand has strengthened significantly, reaching R17.81/$ on Tuesday afternoon, after reaching R18.18/$ just a day earlier. The rand has reached its highest level in over 15 weeks, which is a
UAE and DRC Sign $1.9 Billion Deal for Mining Development in Eastern Congo
The Democratic Republic of the Congo (DRC) has signed an important agreement with the United Arab Emirates (UAE) to develop multiple mines in the volatile eastern region of the country. The Congolese presidency announced that a delegation from the UAE government signed a $1.9 billion partnership agreement with the state mining company Societe Aurifere du
Nigerian Petrol Prices Soar After Subsidy Removal
Following the removal of a long-standing fuel subsidy in May, Nigeria, Africa's largest oil producer, is grappling with record-high petrol prices. Nigerian President Bola Tinubu's decision has resulted in a price increase, with petrol now costing 617 naira ($0.78) per litre, the highest price in the country's history. According to a recent circular obtained by
PROPERTY EXPERTS URGE SARB TO NOT HIKE INTEREST RATE THIS WEEK
The interest rate is a concern for Samuel Seeff, chairman of the Seeff Property Group, who believes that it is impeding economic growth and leading to unemployment and higher debt levels in South Africa. Seeff urges the South African Reserve Bank (Sarb) to maintain the current repo rate of 8.25% and keep the interest rate
E-hailing Drivers Stage National Strike Over Commission Rates and Safety Concerns
Several drivers on e-hailing platforms such as Bolt and Uber went on strike on Monday, expressing dissatisfaction with their pay structures and raising concerns about their safety. While customer service was still largely available on the platforms' apps, Bolt acknowledged that the protest action had resulted in longer wait times for rides across South Africa's
Realme Pad 2: Unveiling on July 29 with an 11.6-Inch Display and More
With the upcoming release of the Realme Pad 2, Realme intends to make its mark in the tablet market. The highly anticipated tablet will be unveiled on July 19, according to an official Flipkart landing page. The Realme Pad 2 is poised to deliver a visually stunning experience, with an impressive 11.6-inch display, 120 Hz
Xbox and PlayStation Sign Agreement to Keep Call of Duty on PlayStation
Following Microsoft's acquisition of Activision Blizzard, Xbox and PlayStation have reached a significant agreement regarding the future of the Call of Duty franchise. Xbox CEO Phil Spencer took to Twitter to announce that the two gaming behemoths had signed a binding agreement to ensure that Call of Duty would continue to be available on PlayStation
Haval H6 Facelift Unveiled: A Closer Look at the Upcoming Model
Haval's parent company, Great Wall Motors, has unveiled a facelifted version of the Haval H6. The updated model's first images have been released, indicating that it will be available for purchase in China later this year. The Haval H6 has achieved significant global sales success, with over 4 million units sold to date. The Haval
Never lose a file again: master the art of accessing telegram downloads
Telegram has become a popular messaging app for users all over the world, providing far more than just basic messaging functionality. Telegram offers a versatile communication platform with features such as Channels, Groups, and programmable bots. While Telegram excels at file sharing, including the ability to handle large files, finding downloaded files can be difficult
Kia Sportage Diesel (2023) Review: A Powerful and Efficient Option
Kia has delivered on its promise to add turbodiesel engines to its Sportage lineup. We were able to spend several weeks behind the wheel of the 1.6CRDi GT Line Plus to determine its true capabilities and whether it outperformed its petrol counterparts. Let us dig deeper into our findings to see if this diesel variant
OBERHOLZER’S ABRUPT DEPARTURE RISKS TIME CRITICAL PROJECTS
The departure of Eskom's former Chief Operating Officer, Jan Oberholzer, has raised concerns about the utility's time-critical projects and highlighted potential internal conflicts within Eskom's leadership. Oberholzer, who had retired in April but was retained on a two-year contract, was responsible for overseeing important projects at Eskom, including the repair and commissioning of units at
TWO NEW MANDELA STATUES UNVEILED IN THE EASTERN CAPE LEAVE BITTER TASTE, AS DURBAN PREPARES TO UNVEIL ANOTHER AT R22 MILLION COST TO TAXPAYER
The construction and unveiling of two new statues of former president Nelson Mandela in the Eastern Cape have sparked controversy and criticism from the public. Some individuals argue that erecting statues while millions live in poverty is an insult. The statues, costing R3 million, were unveiled as part of Nelson Mandela Day celebrations, commemorating his
TWITTER IS BETTER THAN META-OWNED RIVAL THREADS FOR 'FREEDOM OF SPEECH', SAYS SENIOR AFGHAN TALIBAN OFFICIAL
In an unexpected turn of events, the Taliban in Afghanistan has expressed support for Elon Musk's approach to censorship on Twitter. Anas Haqqani, a senior Taliban leader, highlighted two advantages of Twitter over other social media platforms, particularly Meta-owned rival Threads. He praised Twitter for its freedom of speech and its public nature and credibility.
THE PROPHECY OF BLACK MIRROR AND AI MISDEEDS
The IDTechEx article titled "AI and Security: Ensuring That Opportunities Outweigh Threats" explores the issue of ownership and accountability in the implementation of AI technologies, particularly in the context of creative works. The article references the popular Netflix series "Black Mirror," known for its portrayal of existential topics and the potential consequences of unchecked scientific
JAN OBERHOLZER IS LEAVING ESKOM
Eskom, a troubled state utility in South Africa, announced that its former chief operating officer (COO), Jan Oberholzer, will be leaving the company at the end of July. The company stated that this decision was mutually agreed upon. However, an energy expert named Chris Yelland questioned the nature of this "mutual agreement" because Oberholzer had
WORKPLACE SOCIAL MEDIA POLICIES – FOUR COMMON MISCONCEPTIONS
A workplace social media policy is a document that establishes guidelines for how all individuals associated with an organization should behave on social media platforms. It aims to protect and enhance the organization's reputation by outlining acceptable and unacceptable conduct related to social media use. In today's digital age, social media has become a crucial
ESKOM’S WEAKEST LINK: BOILER TUBE LEAKS
The Electricity Minister, Kgosientsho Ramokgopa, has expressed concerns about boiler tube leaks in Eskom's coal-fired power stations, which are causing disruptions in electricity generation. Eskom recently had to implement Stage 6 load shedding due to high demand caused by extreme weather conditions, including freezing temperatures. Ramokgopa emphasized that the boiler tube leaks are the main
GAUTENG BUYERS DOMINATE WEAK HOUSING MARKET
The residents of Gauteng, a province in South Africa, are showing resilience in the face of tough economic conditions by actively pursuing homeownership. They accounted for over 50% of the total number of home loans granted in the past year. From July 2022 to June 2023, both repeat and first-time buyers from Gauteng dominated home