South Africa’s state-owned broadcaster SABC has revealed it is technically insolvent, as it suffered a loss, before interest and tax, of R192 million. The SABC revealed this while tabling its 2023/24 annual report in Parliament. SABC’s CFO, Yolande van Biljon, said she is uncertain if the broadcaster will be able to meet its financial obligations...
Day: <span>8 October 2024</span>
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Tinder’s parent company Match Group names Steven Bailey as new CFO
Match Group said Steven Bailey will take over as its new finance chief early next year, adding that the move underscores the company’s focus on driving long-term strategic growth and strong cost discipline. Bailey will replace incumbent Gary Swidler, who has been in the role for nearly a decade, on March 31. Swidler would, however, continue...
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Sustainability and AI: Paving a New Energy Pathway for South Africa
As the global conversation around climate change intensifies, South Africa is confronted with a dual challenge: how to meet its growing energy demands while reducing its heavy reliance on fossil fuels, particularly coal. This tension between economic development and environmental sustainability has left the country in a precarious position. With over 80% of its electricity...
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Flash Group and Ecentric join forces to boost financial inclusion in South Africa
Flash Group, a prominent player in digital payments and financial services and Ecentric, a leading payment solutions provider, have joined forces in a new strategic partnership set to transform the payment landscape in South Africa. Together, they will focus on expanding access to financial services, particularly through the integration of 1Voucher—a prepaid payment voucher that...