The Public Investment Corp., Africa’s biggest fund manager, is willing to help South African power utility Eskom Holdings SOC Ltd. resolve its debt crisis, Finance Minister Tito Mboweni said at the Bloomberg Capital Markets Focus virtual event Tuesday. “Most of the bonds actually are held by the PIC and the banks and so on,” Mboweni...
Day: <span>26 November 2020</span>
Post
Post
Discovery Bank Introduce New Features on Its Banking App
Discovery Bank has launched a number of new features in its banking app, while also including virtual cards. The bank said that clients now get up to 20% off when they spend their Discovery Miles online and in-store. Customers can also make payments to their contacts who are Discovery Vitality members through Discovery Pay by...
Post
SA Born Elon Musk has overtaken Bill Gates to become the world’s second richest person
Tesla co-founder Elon Musk is now the world’s second richest person after he leapfrogged Microsoft billionaire Bill Gates, according to the Bloomberg Billionaire Index, which tracks the wealth of the world’s 500 richest people. The 49-year-old entrepreneur, who is also the co-founder of space exploration firm SpaceX, saw his net worth rise by $7.2 billion to $128...
Post
Instagram Soon to Introduce Ads on Their Platform to Encourage Users to Shop
Instagram is redesigning the app, putting tabs for Shop and Reels at the bottom of the main navigation bar, and moving the creation (+) and notifications (heart) buttons to the top right. The changes will start rolling out Thursday and are designed to provide more openings for Instagram to show ads and encourage users to...
Post
Streaming Services to Pay License Fees and 30% of their Content Must Sourced Locally
International streaming services like Netflix, Apple +, Showmax, and Amazon Prime will have to pay licence fees in South Africa in future, and may also have to ensure that 30% of their content on offer here was produced locally. On Wednesday, the Department of Communications and Digital Technologies confirmed these planned interventions in a presentation...