NEWS

Retrenchments loom at SAA

Retrenchments loom at SAA

Source: eNCA South African Airways (SAA) has informed its more than 5,000 employees that it’s restructuring. It is estimated that about 944 staff will be affected – nearly 20% of the workforce. The national carrier has had its fair share of financial...

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Bill to nationalise Reserve Bank re-introduced

Bill to nationalise Reserve Bank re-introduced

Source: Eyewitness News The reintroduction of the bill comes at an awkward time for President Cyril Ramaphosa, who is on an investment drive to boost an ailing economy. An opposition politician’s bill to nationalise the South African central bank that spooked...

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Construction industry under siege

Construction industry under siege

Armed gangs are increasingly invading construction sites across the country, harassing workers and threatening violence unless their employment demands are met. Databuild CEO Morag Evans believes that unless contractors take a firm stand against these so-called...

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Local seven-year-old starts stationery business

Local seven-year-old starts stationery business

By Lungile Satsuma for IOL  Omphile Mabitsela, 7, is so determined to beat the country’s harrowing unemployment statistics that he has already started building his stationery empire. Mabitsela, a Grade 2 learner from Randburg, has already roped in two of his friends,...

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City of Joburg website still down after cyberattack

City of Joburg website still down after cyberattack

On 25 October, the City of Johannesburg tweeted that it had been the victim of a network breach, where it was forced to shut down various systems including its website, e-services, and billing systems. Business Day reported that a ransom note, sent by Shadow Kill...

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Xerox makes $30bn bid to buy HP

Xerox makes $30bn bid to buy HP

By David Goldman, CNN Business  Xerox is reportedly considering buying Hewlett-Packard Inc. in what would be a merger of two former American technology giants that have both seen better days. The offer is thought to be worth $30-billion. The Xerox (XRX) board...

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Facebook changes product branding to FACEBOOK

Facebook changes product branding to FACEBOOK

Source: BBC  Facebook is introducing new branding for its products and services in an attempt to distinguish the company from its familiar app and website. Instagram and WhatsApp are among the services that will carry the new FACEBOOK brand in the next few weeks. The...

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Uber Eats unveils food delivery drone

Uber Eats unveils food delivery drone

By Milly Vincent for Mail Online Uber Eats has unveiled its newest drones which will be used to deliver food in San Diego, California, next year. The new drones feature ‘innovative rotating wings with six rotors’ – a design that has previously only...

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Shoprite may consider Africa exit as sales fall away from home

Shoprite may consider Africa exit as sales fall away from home

By Janice Kew for IOL Shoprite Holdings Ltd. started a review of supermarket operations outside South Africa and would consider exiting certain countries if that would help reverse regional sales declines. Africa’s biggest grocer reported a 4.9% fall in third-quarter...

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Black Friday is not a charity, consumers warned

Black Friday is not a charity, consumers warned

Source: Supermarket & Retailer Black Friday, which falls on 29 November this year, may feel like an annual treat for thrifty shoppers, but it has little to do with altruism. For retailers it is all about maximising consumer spend. Some Black Friday bargains will...

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