By Ross Jenvey, founder and general partner at Kingson Capital There can be no question that Covid-19 has changed the way the world operates. Some trends are temporary, and some are more permanent, with the common question nowadays being: what will the new normal...
NEWS
Online grocery shopping sees a surge
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Eskom caught lying about load-shedding
Source: MyBroadband Eskom has admitted to exceeding stage 4 load-shedding limits, which energy advisor Ted Blom said shows the power utility is lying about which stage they have implemented. This year, South Africa experienced the worst load-shedding it has ever seen,...
TERS payouts still halted as millions of IDs are checked
Source: Business Insider SA The Unemployment Insurance Fund (UIF) is still not paying out special coronavirus grants as it tries to verify the identity documents of those who applied over recent months. The delay has resulted in new cut-off dates for applications for...
Municipality gives Eskom farms to settle multi-billion-rand debt
By Tom Head for The South African The Matjhabeng Municipality in Free State has agreed to hand over 139 farms belonging to the administrative region, to act as a security on their R3.4-billion Eskom bill. The serial defaulter has run up a tab of more than R3.4-billion...
Examining your commercial space
The entrepreneurial world’s evolutionary pace has been accelerated by the Covid-19 pandemic. Great commercial design is centred around accommodating clients, facilitating optimal workflow, and epitomising the company’s brand to communicate a sense of the company’s...
Average middle-class income recovers to pre-lockdown levels
Source: FNB The sustained reduction of interest rates and relaxation of lockdown levels is providing a significant boost to the recovery of average income and cash flow among salaried middle-class consumers who hold full-time or formal employment. This is according to...
Questions around MultiChoice’s executive exodus
Source: MyBroadband Four high-profile MultiChoice executives have resigned or have left the company in recent weeks, raising questions as to what is behind these departures. This week, MultiChoice announced that the CEO of its South African operations, Mark Rayner,...
Transaction Capital buys 49.9% stake in WeBuyCars
By Philippa Larkin for IOL Taxi financer Transaction Capital has announced that it has concluded a subscription deal to buy a 49.9% stake in automotive retailer WeBuyCars, for R1.84billion. The group said that WeBuyCars would continue to operate as an independent...
Breached data from Experian now on the Internet
Source: Business Insider Information apparently drawn from a massive leak of its data is “on the Internet”, credit bureau Experian admitted on Tuesday night. To date the company has insisted it had contained the breach, after handing over data on millions...
OKI to stop selling printers in the Americas
OKI Data Americas has announced that effective 31 March, 2021, they will no longer distribute printer hardware under the OKI brand to the North, Central and South American markets. This includes all LED-based single and multifunction, as well as dot-matrix (SIDM),...
Govt wants SARS to withhold tax refund until utility bills are paid
According to an article recently published by BusinessTech, the South African Local Government Association (SALGA) is considering a number of new measures to improve municipal revenue collection across the country. Auditing outcomes under the current local government...
SA economy plunged 51% in Q2 during strict lockdown
By Mfuneko Toyana for Reuters Africa’s most industrialised nation has been hit hard by the COVID-19 pandemic, recording the seventh-largest number of cases worldwide, although it has seen fewer deaths than some other badly affected countries. Analysts polled by...
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