Deputy Minister of Communications Pinky Kekana presented a proposal to parliament that may mean that South Africans who watch video streaming services like Netflix or pay-TV services like DStv or StarSat will be forced to pay a SABC TV licence fee. SABC is in severe financial distress, with more than 600 jobs in danger. Distell trading ahead...
Day: <span>22 October 2020</span>
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Standard Bank’s Distressed Client Update
In an update, Standard Bank said that its “client relief portfolio” – where payment holidays have been granted on home loans, loans and credit cards – has declined from R107 billion as at 30 June 2020 to R61 billion. On the lapsed accounts (i.e. where the payment holiday period granted had expired and the relief...
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Redefining Reality with Resilience Writes Futurist and Trends Analyst John Sanei
One of the biggest shifts that we’ve seen as the result of the pandemic is a movement away from complication, towards complexity. It’s a subtle but important distinction. We’d built a world by using our growing access to information to predict and plan our next step. Think about the way investors (used to) make decisions:...
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Quibi – the Streaming Service Is Shutting Down Barely Six Months After Going Live
Quibi Holdings LLC is shutting down, according to people familiar with the matter, a crash landing for a once-highflying entertainment startup that attracted some of the biggest names in Hollywood and had looked to revolutionize how people consume entertainment. The streaming service, which served up shows in 5- to 10-minute “chapters” formatted to fit a...
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Sean ‘Diddy’ Combs Launches ‘Our Black Party’ that Push the Needs of Minority
Diddy has never been one to follow, so it’s no surprise the business and music mogul is thinking outside of the box during one of the most important elections in history. In a powerful interview, he announces the launch of Our Black Party, which he says will be driven by the needs and agenda of the Black...
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DStv Once Again Increases Prices on Most of its Bouquets – Oh No!
South Africa’s biggest pay-TV broadcaster – DStv – has made a number of changes to its products and services in 2020. These changes come as many affluent and middle-class South African households are adopting Internet-based streaming services over broadcasted television entertainment due to increased availability of fibre and video-on-demand services. Most recently, parent company MultiChoice reported...
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Coke Finally Pulls the Plug on Tab and Retire the brand
The National Society of Tab Appreciators—if there is one—had better get to the grocery store fast: Coca-Cola announced today that the 57-year old brand that pioneered America’s diet soft drink sector will be retired by year’s end. The beverage giant also announced that several other “select underperforming products” will take their final bow this year—including Diet Coke...