Following the news reports that MultiChoice Group is insolvent, the company announced that is doing well financially they demonstrated resilient operational performance for the year ended March 2024 (FY24), delivering a 26% trading profit margin in South Africa, while increasing trading profit in the Rest of Africa by 48%, despite very challenging macro-economic conditions. The...
Day: <span>13 June 2024</span>
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Manchester City announces JinkoSolar as the Club’s official Solar Energy Partner
Manchester City announced a new global partnership with JinkoSolar, that will see the brand become the Club’s Official Solar Energy Partner. JinkoSolar is a globally renowned and highly innovative solar technology company. Through the partnership, JinkoSolar will connect and engage with Manchester City fans globally to jointly promote the use of solar energy through their...
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Amazon and Vrio to launch satellite internet in South America to compete with Starlink
Amazon and telecommunications firm Vrio will jointly launch a satellite internet service in seven South American countries, the two parties said on Thursday, putting them in direct competition with Elon Musk’s Starlink. Vrio, the U.S. firm that manages the Latin American branch of DirecTV as well as Sky Brasil, will offer the service to customers in...
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Online fashion retailer Shein hikes prices ahead of IPO
Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strategy. Shein’s average price hikes exceeded those of its rivals H&M and Zara,...
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OPINION | Now is the Time for Namibia to Join Extractive Industries Transparency Initiative (EITI) writes NJ Ayuk
Namibia has four onshore and four offshore basins that are estimated to contain 11 billion barrels of oil (boe) and 2.2 trillion cubic feet (tcf) of natural gas. Several recent oil discoveries have made the country an attractive target for oil companies. The Namibian government has pledged to support field development to achieve production by 2026. If...
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Can SMEs afford and manage backup services?
A new generation of services make backups easy and affordable for smaller companies. Data can really rattle someone’s risk cage. Just bring up ransomware. Far from being a minor concern, ransomware payments exceeded US$1 billion in 2023, excluding other costs such as recovery and stalled operations. MGM Resorts refused to pay a ransomware demand, but the...