Source: News24 Retailer Massmart says it has started a consultation process under Section 189 of the Labour Relations Act that may affect 1 800 employees at Game stores in South Africa. In a short update to shareholders on Tuesday, Massmart said the decision came...
TECH NEWS
Massmart starts consultation with labour over possible job cuts at Game stores
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Use less electricity, pleads Eskom, as two more generation units trip
Source: News24 Power utility Eskom has asked the public to reduce electricity usages after a number of generation units tripped, leading to a constrained power supply. “This morning one generation unit each at the Kendal and Tutuka power stations tripped, adding...
PnP changes up Smart Shopper rules
Source: IOL Pick n Pay’s Smart Shopper will this month automatically load personalised discounts directly onto a customer’s loyalty card. Using advanced machine learning techniques, Pick n Pay gives each Smart Shopper eight personalised discounts every two weeks....
Facebook to merge WhatsApp and Messenger
By Bradley Prior for MyBroadband Facebook is looking at integrating WhatsApp into Facebook Messenger, according to a report by WABetaInfo. The report cited developer Alessandro Paluzzi, who found references within Facebook code regarding the integration of these...
75% of SA’s top websites not POPI-compliant
Source: IOL Research by digitally-led marketing agency, Rogerwilco, indicates that only 25 percent of South Africa’s most popular websites have pop-ups that explicitly ask visitors for consent to collect data about their browsing activity. With the Protection of...
South Africa’s economy probably shrank by a third during lockdown
By Prinesha Naidoo and Monique Vanek for Bloomberg South Africa’s economy probably contracted more than 30% in the second quarter when restrictions to curb the spread of the coronavirus shuttered almost all activity for five weeks, according to central bank forecasts....
Whatsapp Stokvels are back
By Bombi Mavundza for Business Insider SA Despite the name change, the ‘stokvel’ still has the same modus operandi. Members deposit R200 – and hope to make huge profits. The National Stokvel Association of SA (Nasasa) has previously warned South...
Big growth for Takealot and Mr D Food
By Jamie McKane for MyBroadband Naspers has released its financial results for the year ended 31 March 2020, showing impressive revenue growth for Takealot and Mr D Food. “Takealot, South Africa’s number 1 etailer, extended its leadership and grew Gross Merchandise...
E-commerce booms as SA faces Covid uncertainty
South Africa is experiencing an unprecedented e-commerce boom, with transaction rates peaking at higher levels than Black Friday. After many weeks of crippling retail restrictions which formed part of the national COVID-19 lockdown in March and April, unlimited...
Tech firms contribute to SA’s dire unemployment stats
Unemployment in South Africa rose to 30.1% in the first quarter of 2020, according to Stats SA. Since the beginning of the year, SA’s tech sector has seen a jobs bloodbath. In January, telecommunications giant Telkom communicated it was retrenching as many as 3 000...
SA to miss tax target by over R300bn
By Lameez Omarjee for Fin24 SA will miss its original tax revenue target by over R300-billion this year, said Finance Minister Tito Mboweni. During the tabling of the special adjustment budget on Wednesday, the minister explained that the country is already behind its...
Tencent share price surges towards record high
By Jackie Cameron for BizNews Chinese stock market darling Tencent has been a significant force behind the Naspers share price. The Tencent holding was moved to Prosus, which became Europe’s biggest listed consumer internet firm when it floated on the Amsterdam stock...
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