By Jan Vermeulen for MyBroadband Customer data stolen from Africa’s largest supermarket chain is being auctioned by dark web extortion market RansomHouse, with bidding open at 20 bitcoin (R6.7-million). Shoprite fell victim to the cyber extortion gang earlier this...
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Shoprite customer data auctioned on the dark web
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Amazon set to enter SA
By Zintle for IT News Africa Amazon, a global e-commerce technology company, is reportedly set to expand to African countries including South Africa and Nigeria in 2023, according to news that was first published by Business Insider. Belgium, Chile, and Colombia are...
R111m loss for Takealot
By Jan Vermeulen for MyBroadband Takealot grew its gross merchandise value by 34% and revenue by 27%, Naspers reported in its annual results for the period 1 April 2021 – 31 March 2022. Naspers noted that these percentages represent growth in local currency, excluding...
Concurrence on 2022 proposed EPR scheme fees
This letter serves to inform you that the Minister of Finance has granted concurrence for the application of the Extended Producer Responsibility fees for 2022 in accordance with Regulation 7(2) of the Extended Producer Responsibility Regulations 2020, as amended....
Every 24hrs of Stage 6 loadshedding costs R12bn
Source: EWN Eskom announced on Tuesday afternoon (28 June) that load shedding would be escalated to Stage 6 from 4 pm until 10 pm on both Tuesday and Wednesday. The beleagured power utility says it’s under increased pressure because of an illegal strike at some...
No end in sight for consumer pain
By Ashley Lechman for IOL There seems to be no reprieve for South African wallets as another hefty fuel increase is predicted for next week, as well as economists anticipating further interest rate hikes. The Organisation Undoing Tax Abuse (Outa) said on Monday it...
Refillable containers may be the solution to food affordability
Source: Supermarket & Retailer Gcwalisa is a local retail outlet that uses refillable dispensers to allow customers to buy a selection of basic food items and household products through a weigh-and-pay model, for as little as R5. Similar to how we used to buy...
Five WFH facts that management doesn’t want to admit
By Steve Prentice for CEOWORLD The concept of working from home ricochets around the media like an echo in a canyon, and the stories reveal an interesting duality. First, most employees whose jobs can be done from home actually enjoy it and would like all or at least...
Historically high office vacancies paint grim economic outlook
By Victoria Ashwin for BizNews Growthpoint painted a bleak picture for its retail, office and industrial sectors in its investor update released on 15 June. The company has a market cap of R44.8bn at the time of writing and is the largest listed real estate investment...
Can employers still enforce mask-wearing in the workplace?
By Lauren Salt for Mondaq After 818 days of mandatory mask-wearing, the Minister of Health, Mr Joe Phaahla, repealed the new National Health Act Regulations relating to the Surveillance and Control of Notifiable Medical Conditions (“NHA Regulations”)....
Message from the chairman: June 2022
In December last year, I informed the Board that I would step down as Chairman at the end of this financial year. So this is my final message to you, our members, and the industry as a whole. It’s been a turbulent 10 years with many challenges and changes, not...
Caxton’s takeover battle
Caxton probably has more familiarity with competition law than just about any other company in SA, including giants such as Sasol, Anglo or Telkom, according to a recent article in Business Day. The company’s latest outing before the competition authorities...
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