Category: <span>Business</span>

Big increase in spending on roads, libraries and sport In his budget speech, Tito Mboweni remained committed to government’s R791 billion infrastructure drive. “This is not an austerity Budget. Our fastest-growing area of spending is our investment in the future-capital payments,” he said.  In the economic development budget allocation, spending on roads is growing the...

The minister of health Dr Zweli Mkhize says that the next batch of Johnson & Johnson vaccines will arrive in the country this weekend, taking the total doses in South Africa for phase one of the rollout to 160,000. The first batch of vaccines saw 80,000 doses delivered on 16 February, with the same number...

Clubhouse’s popularity continues across the world and even outside of its original tech-focused seed community. The latest news comes from East Asia, where Korean media reported that the country’s current prime minister, Chung Sye-kyun, has officially joined the social audio app under the username @gyunvely, making him among the most senior political leaders worldwide to join...

A United Airlines flight experienced a dramatic-looking engine failure just after takeoff from Denver International Airport on Saturday afternoon. UA328, originally headed to Honolulu, quickly circled back to the airport and made a safe landing after the pilots calmly made a “mayday” call to air traffic control. There were no injuries among the 231 passengers and 10...

In a trading update, Shoprite reported that its sales for the six months to 27 December rose by almost 5% to R83.4 billion. Its South African sales – which represent almost 80% of total sales – rose by 5.6%. Checkers and Checkers Hyper reported sales growth of 11.1%. Its LiquorShop business’ sales declined by almost...

[Reuters] Facebook Inc’s WhatsApp said on Thursday it will go ahead with its controversial privacy policy update but will allow users to read it at “their own pace” and will also display a banner providing additional information. In January, the messaging platform informed users it was preparing a new privacy policy, under which it could...

Twitter has launched a voice direct message feature on iOS and Android in India, the company made announced on its Twitter page. Apart from launching in India, the feature will also be available in Brazil and Japan. The company says the feature will be rolled out in India in phases as they are still experimenting...

Pharmaceutical group Dis-chem saw revenue growth of more than 12%  to R11.6 billion for the 22 weeks to 2 February. Dis-Chem released an update to shareholders on Wednesday and reported that stores in convenience centres are still outperforming those in more crowded malls due to Covid-19. A change in sales mix has put pressure on profit...

Henley Business School Africa has announced the launch of Future-proof your Healthcare Practice. In a press release, “This live, comprehensive, interactive virtual course is delivered by carefully chosen local and international faculty – and at a 40% discount during the COVID emergency”. “The Healthcare game is changing. Where we used to believe that there was...

Telecommunication company Rain has announced that its chief risk officer, Phumlani Moholi, will step down as an executive director effective from 1 March 2021, that’s according to MyBroadband. “Phumlani will continue to sit on Rain’s board as a non-executive director and remains a shareholder,” Rain said. “Phumlani has been an integral part of the business...