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Latest Business Headlines: New CEO for MTN Nigeria, Steinhoff Delayed Results & Famous Brands suffers loss

Latest Business Headlines: New CEO for MTN Nigeria, Steinhoff Delayed Results & Famous Brands suffers loss

IDC in the red due to Sasol losses The Industrial Development Corporation (IDC) suffered a R3.8 billion loss in the year to end-March (even before the impact of Covid-19) due to the slumping value of its shareholding in Sasol and rising impairments. New CEO for MTN Nigeria Ferdi Moolman has resigned as CEO of MTN Nigeria, and...

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South African Government Proposed a New Tax Bill for ‘Netflix’

South African Government Proposed a New Tax Bill for ‘Netflix’

The Presidential Commission on the Fourth Industrial Revolution established by President Cyril Ramaphosa has published a report that recommends a number of changes to South Africa’s digital policy. Among these proposed changes is the implementation of a digital tax on global companies such as Netflix, Amazon, and Facebook, who operate in a number of countries around the...

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Facebook will start charging for WhatsApp Business services

Facebook will start charging for WhatsApp Business services

Facebook said Thursday it will start charging companies for some its WhatsApp Business chat services. WhatsApp Business allows small and medium businesses to chat with customers, provide support and sell products directly. Facebook said it will soon offer services like hosting, to help partners manage chat messages with clients, inventory and more. WhatsApp Business has more than 50...

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Lessons from Outsurance and the Katlego Maboe debacle by Josephine Sebesho

Lessons from Outsurance and the Katlego Maboe debacle by Josephine Sebesho

Katlego Maboe and Outsurance have been jubilantly gracing our home TV screens with their #chenchadaideng campaign, which features satisfied Outsurance clients, who enthusiastically sing and talk about the excellent service that they have received from the insurer, and the money they’ve saved by switching to Outsurance. Katlego is a celebrated South African TV presenter, singer-songwriter...

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Tinder Launches ‘Face to Face’ Video Chat Feature in the UK

Tinder Launches ‘Face to Face’ Video Chat Feature in the UK

Tinder has launched a ‘Face to Face’ video chat feature in the UK, making it easier for Britons to go on dates even if they cannot meet up during the pandemic. Tinder, which is one of the most popular dating apps, said it was launching the feature globally as new restrictions meant “the world has moved to...

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TripAdvisor says Google is using its ‘dominance in internet gatekeeping’ against travel sites

TripAdvisor says Google is using its ‘dominance in internet gatekeeping’ against travel sites

TripAdvisor CEO Stephen Kaufer, a longtime critic of Google, welcomed the government’s decision to look into the tech behemoth. The DOJ and 11 Republican state attorneys general are going after Google for allegedly unlawfully maintaining a monopoly in search by cutting off rivals from key distribution channels. “We think the DOJ is taking an important first step …...

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Alaris Holdings: High Cash Reserves for an overlooked Small Cap Company

Alaris Holdings: High Cash Reserves for an overlooked Small Cap Company

Small cap companies listed on the JSE Alternative Exchange (AltX) Board are often overlooked by investors. It’s fair to say that investors take comfort from large cap stocks with high liquidity, history of growth and a certain amount of assurance around dividend payouts; however, it would be short-sighted not to consider a solid company with...

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Quibi’s Founder and CEO Explain what went Wrong That Led the closure of the streaming service

Quibi’s Founder and CEO Explain what went Wrong That Led the closure of the streaming service

Quibi founder Jeffrey Katzenberg and CEO Meg Whitman told CNBC that a convergence of factors led to the failure of the short-form entertainment service for mobile phones. The company announced Wednesday that it would shut down just over six months after it launched. “We had a new product. We asked people to pay for it before they actually...