Wish announced a strategic partnership with South Africa Post Office (SAPO) to strengthen its logistics capabilities and customer experience for South African consumers. Wish will be working directly with SAPO to create a more consistent and efficient experience for the customer with benefits such as: – Average 50%+ faster transit times– End to end tracking visibility and...
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Netflix Subscriber Burble has Bust
Streaming service, Netflix came out to defend their slower subscriber growth. Netflix said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world’s largest streaming service down 11% on Tuesday. Roughly 3.98 million people signed up for Netflix from January through March, below...
Absa Bank CEO Daniel Mminele Leaves the Bank due to Differences with the Board
Absa Bank CEO Daniel Mminele set to leaves the Bank due to Differences with the Board. Daniel Mminele, formerly a deputy governor of the South African Reserve Bank, will be the second banking CEO to leave his role in unhappy circumstances in the space of a few months. Absa’s share price dropped 4%, compared to...
Zoom created $100 Million fund to Invest in Startup Software Companies
Video chat app Zoom Communications is investing $100 million to fund startup software companies that builds apps using its technology, the company made the announcements on Monday. The video conferencing company has become a household name during the pandemic as businesses and schools shifted to its platform, along with rival platforms such as Microsoft Corp’s...