Adidas and Liverpool Football Club have agreed on a multi-year partnership that will see the sports brand becoming the club’s official kit partner from the 2025/26 season onwards. Starting from 1 August 2025 Liverpool FC will wear adidas for the third time in its history with the sports brand supplying match kit, training wear and...
Month: <span>March 2025</span>
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Innovation: Alibaba releases AI model that reads emotions to rival ChatGPT
Alibaba Group Holding has released a new artificial intelligence model that it says can read emotions, in an apparent bid to outpace OpenAI’s latest model. In two demonstrations, Alibaba’s Tongyi Lab researchers showed their new open source R1-Omni inferring the emotional state of a person in a video while also offering descriptions of their clothes...
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Reshaping SA’s property development landscape with PropTech
Consolidated data for 2024 from South African PropTech company Launchbase shows sales on the platform surpassing R4,8 billion in value. This is a seminal moment not only for the company but also for the country with world-leading, homegrown technology reshaping the South African property development landscape. Sales data from Launchbase reveals remarkable achievements in new...
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Absa Group reported a 10% jump in its annual profit
South African lender Absa Group reported a 10% jump in its annual profit on Tuesday, 11 March 2025 with a significant improvement in performance during the second half, driven by a reduction in retail credit impairments in its home market. The lender, with a presence across 16 countries including Ghana, Kenya, Zambia, the UK and...
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Puma to reduce 500 head-count worldwide in cost-cutting programme
Puma will cut 500 jobs worldwide as part of its cost-reduction programme, its CFO said after the German sportswear group late on Tuesday issued disappointing forecasts for the first quarter and 2025 amid weak demand in the U.S. and China. Puma’s disappointing quarterly sales and annual profits announced in January and Tuesday’s outlook have fuelled concerns about its ability to...
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Unilever sponsorship shows women’s cricket is “no longer a freebie” says ICC CCO
The International Cricket Council (ICC) has become the latest governing body to unbundle its sponsorship rights, with consumer goods brand Unilever coming onboard as the first dedicated partner of its women’s competitions. Speaking to SportsPro, ICC chief commercial officer Anurag Dahiya said that the global governing body’s decision to offer brands the opportunity to sign...
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Thriving in the Modern Workplace: Navigating mental health, burnout, and toxic positivity
The modern workplace is more demanding than ever, with intense deadlines, a flood of emails, and the constant expectation to maintain a positive attitude—sometimes at the expense of authenticity. While optimism has its place, ignoring mental health challenges and burnout can be detrimental to both individuals and organisations. A mentally exhausted employee isn’t productive, and...
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Nigerian competition agency sues MultiChoice over price gouging
Nigeria’s competition commission is suing the local unit of MultiChoice Nigeria, Africa’s biggest pay television company, and its chief executive, John Ugbe, for violating regulatory directives, the watchdog said on Wednesday. The Federal Competition and Consumer Protection Commission (FCCPC) asked MultiChoice Nigeria last month to maintain its pricing structure for its pay-TV business DStv and...
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Patrice Motsepe’s TymeBank becomes a Unicorn
Multi-country digital banking group Tyme today announced its Series D capital raise, which secured a total of US$250 million in funding. Significantly, Nubank, one of the world’s largest digital financial service platforms, with over 110 million customers, has joined its shareholder base, along with M&G’s Catalyst as the second new shareholder. Tyme, which has its roots...
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Former Twitter executive and co-founder Ev Williams is building another social network
Ev Williams has spent most of his professional life focused on letting people share their ideas with the world from behind a keyboard. Now Williams, 52, who co-founded Blogger, Twitter and Medium, is going in a different direction. His new startup, Mozi, is a private social network — no public profiles, no follower counts —...