Category: <span>Business</span>

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...

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...

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 …...

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...

Tesla is recalling up to 48,442 of its Model S and Model X electric vehicles, which were made in the U.S. and sold to customers in China, over potentially faulty and unsafe front and rear suspensions. The China State Administration for Market Regulation announced the recall Thursday night. Tesla’s share price was down nearly 2% on...

Embattled EOH starting to recover In a trading update for the year to end-July, the ICT company EOH said it saw a positive EBITDA, while its headline loss will be between 70% and 76% smaller. The company is struggling with debt, but says that notwithstanding large payments to lenders, cash balances remain healthy at R943 million...

Dear Valued Customer, We know how much you love Woolies quality and over the last few years we have been on a journey to invest in the prices of your Woolies favourites, so you can enjoy the quality you expect at the value you want. The COVID-19 pandemic has certainly emphasised this need and, because...

Channing Dungey just locked in a new position! The former Netflix exec has been named the chairman of Warner Bros. TV Group, according to The Hollywood Reporter. This news comes just two weeks after her announcement to leave Netflix on Oct. 9th. She will succeed Peter Roth, who’s stepping down from the position after his current...

Qatar Airways, by some estimates the world’s biggest airline, has entered into partnership with FlySafair, South Africa’s largest domestic airline. The announcement follows shortly after a similar deal with local airline Airlink. Qatar’s so-called “interline agreement” with FlySafair will allow passengers to book connecting flights through either of the companies. Travellers won’t have to book connecting flights separately.  An interlink...

MultiChoice has announced an open weekend for SuperSport content through the DStv app. Customers subscribed to the DStv Compact Plus, Compact, Family, and Access packages will be able to view all SuperSport channels through the DStv app (formerly known as DStv Now) on Saturday 24 October and Sunday 25 October. Normally, most of these SuperSport channels are...