Category: <span>Business</span>

The Commercial Radio environment in Johannesburg is about to be disrupted for the first time in many years.    ICASA (Independent Communications Authority of South Africa) recently approved a new ownership structure and format change for Classic FM, as the previous format proved financially unsustainable. As of 1 July 2021, the company will begin to trade...

South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm, ridding the government of an entity that has long been a drain on state finances. A consortium comprised of Johannesburg-based Global Airways, which owns recently launched domestic airline Lift, and private-equity firm Harith...

Full Speech of President Ramaphosa’s Amend on Electricity Regulation Act and Cut the Red tape for Independent Power Producers Good afternoon, We are holding this briefing today in a time of great hope and great difficulty. Difficulty, because we are in the midst of the worst economic crisis in our country’s recent history, which has...

The screaming giant Netflix to move into high-quality apparel and lifestyle products. Netflix will launch an online store to sell limited-edition apparel, lifestyle merchandise and collectibles based on “Stranger Things,” “Lupin” and other popular shows, the streaming giant said on Thursday. For now Netflix.shop will be available in the United States starting on Thursday and...

Africa Blockchain Week 2021 Showcases Continent’s Digital Transformation Powered by Blockchain Technology Being the largest blockchain event for Africa, Africa Blockchain Week 2021 will bring together decision makers, business leaders, investors, community builders, educators and government officials to discuss how blockchain technology benefits Africa’s economic and financial development. Africa Blockchain Week (ABCW) 2021 takes place...

Volkswagen will receive around $350 million as part of a settlement with executives who ran the company during the Dieselgate emissions cheating scandal, after claiming they breached their “duty of care.” Former CEO Martin Winterkorn has agreed to pay the company 11.2 million euro ($13.6 million), while former Audi boss Rupert Stadler will pay Volkswagen 4.1 million...

Instagram Will Let Creators Earn Shopping Referral Commissions, Part of Facebook’s Monetization Push Mark Zuckerberg wants Instagram and Facebook to be “the best platform” for creators to make money, the Facebook CEO said in unveiling new monetization tools and programs — including a way for Instagram influencers to earn commissions from online sales they facilitate. Zuckerberg announced the news at the...

President Cyril Ramaphosa has placed Health Minister Zweli Mkhize on special leave. “This period of special leave will enable the minister to attend to allegations and investigations concerning contracts between the Department of Health and a service provider, Digital Vibes,” the Presidency said in a short statement released on Tuesday afternoon. “The Special Investigating Unit is investigating this matter...

Former Gauteng MEC Dr. Gwen Ramokgopa and Dr Nkosazana Dlamini-Zuma are the front runners to replace the current Minister of Health Dr Zweli Mkhize Dr. Mkhize has been under fire over the contract awarded to Digital Vibes, the communications company associated with Tahera Mather, his political associate who ran the media component of his failed...

Jay-z has 99 problems, but apparently Mariah Carey ain’t one. The uber diva has parted ways with Jay-Z and his management company, Roc Nation, after a “blazing row” with the rapper during a meeting about the future of her career, according to The Sun. Carey signed with Jay-Z in 2017 years after firing former manager Stella Bulochnikov, prompting lawsuits on both...