NEWS

Transnet cyberattack impacts delivery of goods

Transnet cyberattack impacts delivery of goods

Source: eNCA Concerns are mounting over the effects of the sabotage of Transnet’s security systems. A cyber attack has forced the entity to declare a force majeure, affecting the transport of goods including perishables. But a recovery plan is in place. The recent...

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Capitec to add 300 jobs

Capitec to add 300 jobs

By Londiwe Buthelezi for News24 As many people and some businesses are likely questioning the wisdom of ploughing more money into South Africa after the recent unrest, Capitec CEO Gerrie Fourie says he sees ample opportunities. A perfectly running economy like...

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Payments startup Yoco raises $83m

Payments startup Yoco raises $83m

By Tage Kene-Okafor for Tech Crunch Small and medium enterprises (SMEs) contribute heavily to the economic success of many countries, particularly those in the developing world. They are the backbone of most economies: globally, SMEs represent about 90% of existing...

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Why South Africans should care about Naspers, Tencent

Why South Africans should care about Naspers, Tencent

By Wesley Diphoko for IOL The Chinese government is flexing its muscle against consumer technology companies and South Africans are affected. It started with just Ant Financial, Jack Ma’s company, and now almost all Chinese consumer technology companies are under the...

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Tiger Brands forced to recall 20m cans

Tiger Brands forced to recall 20m cans

Source: Supermarket & Retailer Tiger Brands is recalling certain KOO and Hugo’s canned vegetable products produced from 1 May 2019 to 5 May 2021 due to an extremely small number of defective cans supplied by a packaging supplier. The cans may have a defective side...

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R350 covid relief grant reinstated

R350 covid relief grant reinstated

By Nonhlanhla Nozizwe Hlatshwayo for IOL Advocacy group Black Sash has welcomed the reinstatement of the Covid-19 social relief of distress grant (SRD) and called on the South African Social Services Agency (Sassa) to ensure it is implemented more effectively. This...

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Sandton City beats pre-pandemic sales in luxury goods

Sandton City beats pre-pandemic sales in luxury goods

By Londiwe Buthelezi for News24 In the few months before South Africa went into adjusted lockdown level 4 this year, people shopped more in Sandton City than they did in 2019. The high-end mall started showing above-expectation recovery numbers every time the...

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Mango Airlines to be placed into business rescue

Mango Airlines to be placed into business rescue

Source: MyBroadband SAA interim chief executive Thomas Kgokolo said Mango Airlines, the low-cost arm of state-owned South African Airways (SAA), will be placed into business rescue. Mango Airlines, trading as Mango, is based at OR Tambo International Airport and is a...

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Massmart ‘applying best efforts’ to protect jobs

Massmart ‘applying best efforts’ to protect jobs

By Gcinokuhle Malinga for East Coast Radio Massmart says it’s doing everything in its power to save jobs following the looting and destruction of some of its stores in KwaZulu-Natal and Gauteng. The group says 41 of its stores were affected, including its major...

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Chairman’s letter – July 2021

Chairman’s letter – July 2021

This is probably the most difficult message I’ve written as there are no words to describe the events of last week- as well as its terrible aftermath. What can one say when our country was plunged into mindless turmoil and destruction, specifically in KZN and...

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How riots shut SA’s trucking industry down

How riots shut SA’s trucking industry down

By Penelope Mashego for News24 Telematics company Netstar says in just five days three of its biggest clients lost out on more than 613 000km in delivery trips in due to the recent looting and unrest in the country. On Wednesday, the company said the lost kilometres...

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