Month: <span>May 2021</span>

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South African Reserve Bank is Considering Launching its Own Digital Rand – Analysis

South African Reserve Bank is Considering Launching its Own Digital Rand – Analysis

The South African Reserve Bank is Considering Launching its Own Digital (Rand) Currency. The South African Reserve Bank (Sarb) recently announced that it is commencing a feasibility study for a general-purpose retail Central Bank Digital Currencies (CBDC). “The Sarb has embarked on a study to investigate the feasibility, desirability and appropriateness of a CBDC as...

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Woolies Opened a Standalone Liquor Store in Joburg

Woolies Opened a Standalone Liquor Store in Joburg

Mzansi’s food retailer Woolworths has opened a standalone liquor store WCellar. The new store is located at Nicolway, Bryanston, Johannesburg According to news reports, the retailer said the liquor shop offers wines, beers, craft beers, ciders, and spirits. The aim is to open another WCellar store in the Gauteng region, with a view to rolling...

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Tennis Star Naomi Osaka says No Press Briefings, to Prioritize Her Mental Health – Open Letter!

Tennis Star Naomi Osaka says No Press Briefings, to Prioritize Her Mental Health – Open Letter!

Tennis sensation and champion Naomi Osaka announces she will not attend any press briefings during the Roland Garros tournament in Paris, France.  Osaka penned a candid open letter to her followers explaining why she’s opted out of press in an effort to protect her mental health before her matches. “I’ve often felt that people have no regard for athletes mental health...

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Post Office to Close 130 Branches Across Mzansi (SA)

Post Office to Close 130 Branches Across Mzansi (SA)

The South African Post Office is faced with financial challenges. Post Office CEO Nomkhita Mona has confirmed that the organisation is in the process of closing about 130 of its offices across the country mainly due to financial reasons. This comes after the Post Office was declared commercially insolvent, with its 2019/2020 financial results. Speaking to the...

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Netflix on Quest to hire an Executive to Oversee its Video Gaming Division

Netflix on Quest to hire an Executive to Oversee its Video Gaming Division

Netflix is looking to hire an executive that could expand its gaming content, sources familiar with the situation told The Information. The streaming giant has approached multiple gaming executives in the past month, the sources told the publication. Netflix has not decided yet whether it will make its own gaming content or licence it from third-party...

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Nigerian FinTech Startup Mono, Raises $2M Seed Funding

Nigerian FinTech Startup Mono, Raises $2M Seed Funding

Nigerian fintech startup Mono, has raised US$2 million to accelerate its data connectivity and financial offerings to millions of Africans in the continent.  TechCrunch reports that the company — founded by Abdul Hassan and Prakhar Singh — closed a $2 million seed investment round. This announcement came just nine months after the company raised $500,000 in pre-seed capital....

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