South Africa should end its “excessive” regulatory burden and revamp its Black-ownership laws to remove the “signs of paralysis” that plague its economy, the World Bank said. Enabling these changes would take the country off what the Washington-based lender termed “the wrong growth trajectory,” where real output per capita in 2023 was less than in...
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Omegro Expands Hospitality Presence with Acquisition of Spa Guru
Omegro, a portfolio within Volaris Group which includes Adapt IT Holdings Pty Ltd (“Adapt IT”) announced the acquisition of Spa Guru, a South African-based hospitality software company. This acquisition shows Omegro’scommitment to expanding its footprint in the hospitality sector. Spa Guru specialises in simplified software for spas and salons, streamlining business operations such as appointments, bookings, marketing, and billing. The company...
Former Apple executive Pete Distad joins Fox Corp as head of new subscription streaming platform
Fox Corp named former Apple TV+ executive Pete Distad as the CEO of its upcoming subscription streaming platform, which will take on the likes of Netflix and Disney+. The Murdoch family-controlled company plans to launch the yet-to-be-named subscription-based streaming service by the end of 2025 to attract an audience outside its mainstay cable television business. Distad worked for...