NEWS

Shock as GDP shrinks by 2.2%

By Karl Gernetzky for Business Live SA’s economy shrank by a shock 2.2% in the first quarter of 2018 compared with the final quarter of last year – with the surprisingly poor performance due to a plunge in the agricultural sector of 24.7%. This is the largest...

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Edcon to cut retail space by one third

By Roy Cokayne for IOL  Redefine Properties is to reduce its exposure to Edcon as South Africa’s biggest clothing retailer seeks to cut its total retail space from about 1.5-million square metres to about 1-million through a rationalisation process. Redefine...

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Traditional hobbies are dying out

By Neil Shaw for DevonLive  Trainspotting, quilting and astrology are among the hobbies which are dying out, a study has found. Researchers found working longer hours, having less disposable income and social media distractions mean fewer of us are able to take time...

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Which IT job pays best in South Africa?

Source: CareerJunction Jobs portal CareerJunction has published it latest salary review for 2018, showing among others what the average IT employee earns per month. CareerJunction used actual salary offerings on their jobs portal Web site (16 000+ jobs monthly) for...

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Local CEO loses R300k in e-mail scam

By Adiel Ismail for Fin24  Goliath and Goliath CEO Kate Goliath is encouraging small businesses to ramp up security measures after her comedy and entertainment agency fell victim to invoice intercepting as a result of e-mail hacking. Goliath and Goliath is out of...

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MTN steals Cell C contract from Vodacom

By Loni Prinsloo, Bloomberg/Fin24  MTN will replace its cross-town rival Vodacom in a network-sharing deal with Cell C, South Africa’s third-largest mobile phone operator. Cell C, which has roamed on Johannesburg-based Vodacom’s network since 2001, will switch to MTN...

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Uber Eats buys local start-up

By Zeenat Vallie for IOL Uber Eats has today announced that it acquired South African restaurant technology company owned by venture capital firm Knife Capital, orderTalk. This acquisition is a major step for Uber Eats which will be able to streamline workflows by...

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Bank seeks beneficiaries of unclaimed policies worth R160m

Source: Fin24  FNB Life has identified over R160-million worth of unclaimed policies on its books, it said in a statement on Tuesday. The bank has, therefore, started an initiative to proactively identify customers who have not submitted claims in the past. It wants...

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Reserve Bank fines two banks R77.5m

By Sibongile Khumalo for News24 The South African Reserve Bank in 2017 imposed a total of R77.5-million in administrative fines to China Construction Bank and VBS Mutual Bank for failure to comply with the Financial Intelligence Centre Act. The Bank Supervision...

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Major SA magazine titles decrease frequency

The Audit Bureau of Circulations of South Africa (ABC) has released a notice to all members regarding the change in frequency of a number of magazine titles. These are: Ride Magazine – changed from monthly to alternate monthly Glamour – changed from...

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Employee wellness a major factor in company success

Wellness at work is a increasingly dominant theme in any discussion about the workplace but for many it’s a broad buzzword without much science behind it. But Linda Trim, director at Giant Leap, says that thanks to a new research project called Wellness Together...

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My Office News Ⓒ 2017 - Designed by A Collective


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