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Bidvest delivers credible performance
incoming CEO Mpumi Madisa will take the reins as Bidvest's group recovers from the impact of Covid-19. Bidvest says its services businesses provided a defensive underpin to its full-year results as Covid-19 added to the headwinds presented by an already constrained local economy. It has prepared for the fragile operating environment that it expects to
(SPONSORED) – These are some of the most exciting South African inventions and innovations
It is no secret that most universities such as UNISA’s college of science, engineering and technology are working tirelessly overnight to make sure that South Africa’s Tech and Science industry remains on par and on top of the world by producing the best graduates within their curriculums. It is also no secret that South Africa
Zipline and Walmart to launch drone deliveries of health and wellness products
Zipline is partnering with Walmart for a new drone delivery operation in the US, the companies announced. The program is for on-demand deliveries of health and wellness products and will begin in a trial early next year near Walmart’s headquarters in Bentonville, Arkansas. Zipline’s launch and release system allows for on-demand delivery in less than
Sasfin to report a loss due to provisions
The bank and financial services group says it has focused on ensuring a strong balance sheet to withstand further shocks to the economy. Sasfin will report a full-year loss after it increased provisions for credit impairments and the value of its private equity investments fell. It says already weak economic conditions were exacerbated by Covid-19
Afrox cushioned by stable healthcare demand
Afrox, the gases and welding products group, has reported lower volumes after sales were impacted by the Covid-19 lockdown. Afrox has reported a fall in first-half revenue and earnings after the Covid-19 lockdown restricted sales and it paid more to source liquified petroleum gas (LPG) due to the shutdown of local refineries. However, the gases
Anglo sees positive return to De Beers
The diamond producer has reported a recovery in demand for diamonds as sentiment improves and lockdown conditions ease. De Beers says it's seeing an early recovery in demand for its diamonds after a Covid-19-induced slump in sales. The resumption of weddings may also be behind the renewed buying. The Anglo American subsidiary sold diamonds worth
Two local wines receive a rare perfect score from a top UK critic
A top UK wine writer has given two South African wines – a red and a white wine – the highest possible score. Tim Atkin is an award-winning wine correspondent for The Observer, also writes for the Economist and is a regular BBC presenter on wine. He is co-chairman of the London-based International Wine Challenge,
Google to filter search suggestions that might seem political — even if they’re true
Google has sometimes gotten in trouble for the phrases that automatically appear when you’re trying to type in a new search. Even if some of them make for amusing celebrity interviews, others have sometimes steered users toward problematic concepts and fake news in addition to harmless things like movie and video game spoilers. The suggestions
Thousands of Capitec clients wake up to unauthorised deductions
A technical glitch has lead to thousands of Capitec clients waking up on Friday morning to find additional deductions from their accounts without their consent. Messages and photos have been posted on social media platforms this morning of people complaining about money being taken without their approval. Capitec said that it was still trying to
Netflix will not be opening offices until most of the staff are vaccinated
A lot of the corporate space in other parts of the world may have gone back to normal operations as Covid-19 cases drop but American technology and media services provider Netflix says it will not be opening its offices until the majority of people are vaccinated. According to The Wall Street Journal newspaper, Netflix founder
Epic Games wants ‘Fortnite’ restored on Apple App Store
The American video game and software developer and publisher, Epic Games, is trying to convince a California court to put back Fortnite on the Apple App Store pending legal proceedings, arguing that doing so is in the “public interest,” court documents show. If not, the game could suffer “irreparable harm,” the company’s lawyers said in
President Cyril Ramaphosa pays tribute to George Bizos
President Cyril Ramaphosa has paid tribute to Greek-South African human rights lawyer George Bizos after he died on Wednesday September 9th 2020, at the age of 92. "I have just received news that legal eagle of our country George Bizos has passed away," President Cyril Ramaphosa told reporters. "This is very sad for our country."
Barminco secures $145m development contract of Odysseus mine in WA
Perenti subsidiary and hard-rock underground miner Barminco has secured a development and production contract for nickel producer Western Areas’ Odysseus mine in Western Australia (WA). The Odysseus mine is situated on a mining lease that forms part of the high-grade Cosmos nickel operation, which lies 30km north of Leinster in WA. Valued at A$200m ($145m),
Aspen rallies on European thrombosis sale
Aspen group says the deal supports its strategy to earn more of its revenue in emerging markets. Aspen Pharmacare has reached a deal to sell the rights to its European thrombosis business as it continues to streamline its portfolio to pay down debt and improve returns for shareholders. It's shares rose over 9% on the
Shoprite shows growth in figures amidst recession period
Shoprite has grown volumes as it increased its share of the local grocery market. Shoprite's sales have reached a record despite restrictions on some categories at the height of the lockdown. Its shares rallied over 11% at their best on the news. The retailer credited volume growth of 2.3% and continued market share gains at
Amazon's Jeff Bezos tops Forbes richest list, pandemic knocks Trump lower
Hard work pays off, and Amazon Chief Executive Jeff Bezos is proof of that, as he has topped Forbes’ list of richest Americans for the third year in a row, while US President Donald Trump’s ranking dropped as the coronavirus pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday. The collected wealth
Apple shares a look inside its first ever ‘floating’ store
Apple’s latest retail store has drawn comparisons to a floating lantern, with a unique design incorporating a glass dome that sits directly on the water of Singapore’s Marina Bay. We first saw a glimpse of the store, the company’s third in Singapore and 512th worldwide, a few weeks ago, and the iPhone-maker has now shared new pictures of
TRESemmé dumped by Clicks with immediate effect and a senior executive resigns
The famous hair brand TRESemmé has been dumped by Clicks with immediate effect after a racially offensive advert produced by the Unilever brand sparked a social media revolt and protests at the health and beauty store this week. With EFF showing no signs of slowing down its planned week-long protests across the country, Clicks brand
The Flying-V have successfully tested flight of next-generation aircraft
Analysts in the Netherlands have produced a model of a futuristic passenger aircraft, called the Flying-V. The successful test flight was the first step in the developmental process of the aircraft. The engineers and researchers were pleased with the results but still need to enhance the model’s design and conduct more tests on the aircraft
Defy unveils new Impilo ventilator, which is being manufactured locally in participation with Denel
Defy, with help from Denel, is building a suitcase-sized ventilator at its Durban factory. According to the manufacturer, the ventilator is the first “intensive-care quality” ventilator to be manufactured on the African continent. The ventilator was designed in partnership with the University of Cambridge Open Ventilator System Initiative team, as well as Defy’s Turkish owner