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Salesforce purchases Slack for $27.7 billion
Reported to be the largest acquisition to date, Salesforce has purchased messaging app Slack for an incredible $27.7 billion. The deal is still to be approved by the relevant regulatory bodies but is expected to conclude towards the end of Q2 2021. The American cloud-based software company, Salesforce has grown to be a giant as
DStv introduces a new standalone streaming service in South Africa
DStv has revealed that it is rolling out its standalone streaming service. This service will be allowing users to sign up for the full DStv experience without a decoder or satellite connection. “Announced earlier this year during DStv’s showcase, DStv streaming allows for existing and new customers to conveniently access content on their preferred device
Eskom looking at up to R5-million in fines over pollution at Kendal power station
The South African electricity public utility, Eskom has really gotten themselves in trouble with the law, and this time around the charges are bigger than before. The company is looking at fines of up to R5-million under South Africa’s air quality legislation for supplying blatantly false and misleading information about its toxic pollution at the
Huawei launching a digital wallet in South Africa in partnership with Zapper
Huawei Technologies Co. has revealed that it will be launching a mobile payment service in South Africa this week, Huawei Pay, in partnership with the mobile payment company, Zapper. The payment method supports debit and credit cards across all of South Africa’s top banks. Huawei users will have to install the Huawei Wallet app from
Samsung Electronics may discontinue its premium Galaxy Note phone next year – Sources
Samsung Electronics Co Ltd may discontinue its premium Galaxy Note phone next year, sources with knowledge of the matter said, a move that would reflect the sharp drop in demand for high-end smartphones due to the coronavirus pandemic.FILE PHOTO: Samsung Electronic's Galaxy Note 20 smartphone is seen on a display during a driving-through event for
Zambia to remain Africa’s second top copper producer after DRC – Chamber
ZAMBIA’S copper production is likely to remain below one million metric tonnes for at least another three years given the persistent challenges mining companies still face, says the Zambia Chamber of Mines. Last week, Mines Minister Richard Musukwa announced that copper production had increased to 646,111.25 metric tonnes by September 30, this year, up from
Elon Musk is not the second richest person in the world — Forbes
Thanks to Tesla’s roaring stock, Elon Musk’s net worth has nearly quadrupled during the Covid-19 pandemic, racing from $24.6 billion in mid-March to a current $126.8 billion by Forbes’ estimate. But despite this meteoric rise, the 49-year-old is not the world’s second-richest person yet. Forbes currently has Musk in the No. 3 spot, behind Jeff
Standard Bank uncertain if it will pay a final dividend this year
After holding back on an interim payout, the Standard Bank says a final dividend will depend on a host of factors including regulatory guidance. Standard Bank is undecided on whether it will pay a final dividend this year as its operations continue to be affected by the fallout from Covid-19. It held back on an
Exxaro collaborates with the Steve Tshwete Local Municipality to empower local entrepreneurs
Exxaro Resources has partnered with the Steve Tshwete Local Municipality and mining companies Arnot OpCo, Anglo-American Coal South Africa and Glencore to establish enterprise development centres for local entrepreneurs in the township of Mhluzi. The establishment of an Enterprise Development Centre (EDC) is one of the Local Economic Development projects which Exxaro committed to in
Enspired Women Mag expands their horizons launches new offices in Johannesburg
Coming soon to the heart of Johannesburg is one of Port Shepstone's leading news platform, Enspired Women Magazine. Enspired Women Magazine will open and move into its new office building in Johannesburg by December 2020. According to the founder and director of the magazine, Reshma Maharaj, the newly launching office facility is the company’s latest
The best Black Friday deals on Apple devices
It’s rare that Apple slashes the prices on its own products. Fortunately, other retailers are putting a lot of Apple products on sale for Black Friday. A bunch of retailers like Amazon, Best Buy, B&H Photo, Walmart, and Woot are slashing the prices on everything from wearables to its wireless earbuds. Additionally, the online Apple
Mr Price powers up with acquisition
The value retailer is also adding baby, school uniform and gifting lines to its offering. Mr Price is buying fellow Durban-based clothing retailer Power Fashion as it expands its presence in the mid to lower end of the market. Alongside its interim results yesterday, the value retailer said it would spend about 4% of its
Nampak prepares investors for a loss
Nampak will report a full-year loss due to the impact of Covid-19 on its operations, big impairments and foreign currency movements. In a trading statement, the packaging group said Covid-19 affected trading conditions over the year to end-September with the result that it booked impairments totalling R4 billion. These consisted mainly of a R2.2 billion
Billionaires, Bezos and Ambani battle for India retail supremacy
Jeff Bezos and Mukesh Ambani, two of the world’s richest men, face a turning point in a battle for preeminence in India’s booming, nearly trillion-dollar retail market. Amazon, Reliance and Future did not respond to requests for comment. Bezos’s behemoth is a formidable foe, but Ambani has a history as a disrupter. He has shaken
Facebook cryptocurrency Libra to launch in January
Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project. The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people. The
Twitter set to relaunch the ‘blue tick’ verification programme
The American microblogging and social networking service, Twitter has put the verified account programme on hold. It now has released plans for its new policy on how people are “verified” on the site, an area the company has long promised to revamp to address confusion and criticisms over the blue check-mark badges it uses to
Uber launches a more affordable trip option for Joburg and Cape Town, UberNam
The freight transportation company, Uber has revealed that it is launching a more affordable ride option for Johannesburg and Cape Town that has trips starting from as little as R19, UberNam. Uber announced that the new option is currently under testing, which will feature rides from drivers with hatchback cars. These cars are considered more
Discovery Bank introduces new features, including a virtual card
Discovery Bank has revealed that it is introducing a couple changes to its digital banking services with the latest release of its mobile application. The changes include virtual cards for online shopping, the ability for clients to get up to 20% off when they spend their Discovery Miles online and in-store through the bank’s partner
Venus Williams’ Advice For Entrepreneurs: Don’t Let Fear Take Over—Just Push Through It
Tennis champion and Olympic gold medalist Venus Williams has some advice for the more than 30 million small business owners and entrepreneurs across the U.S. struggling to find their footing in the new normal: Don’t let fear take over. It’s a lesson she learned at the age of 19 while competing with sister Serena, then
From selling candy to tasting sweet success
Zibusiso Mkhwanazi employs the ‘strategic creative firepower’ he uses in advertising to help businesses innovate and survive the current crises. Today, he is the Group CEO of M&N Brands and co-founder of Avatar, but Zibusiso Mkhwanazi’s entrepreneurial journey started in primary school, when he would sell sweets to make transport money. The sugar rush was