Thousands of Amazon warehouse workers across about 40 countries plan to take part in protests and walkouts to coincide with Black Friday sales, one of the busiest days of the …
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- AmazonGlobal NewsInformation TechnologySpotlightTechnology
Amazon budgets R17 billion a year on movies for cinemas
Amazon plans to spend more than $1 billion (R16.94 billion) a year to produce movies that it will release in theatres, according to people familiar with the company’s plans, the …
- Banking, Finance & InvestmentBusinessFinance & ServicesStanbic IBTCWestern Africa
Stanbic IBTC Holdings announces new independent non-executive director
The Board of Directors of Stanbic IBTC Holdings Plc has announced the appointment of Mr. Babatunde Omotowa, as an independent non-executive director, following the receipt of all required regulatory approvals. …
Amazon’s Alexa division faces significant job cuts after failing to turn the voice assistant into a money maker, Business Insider reports (the article requires a VPN to access from South Africa and …
- AmazonBusinessGlobal NewsSpotlightTechnology
Amazon develops new robot in a bid to reduce human reliance
Amazon, Ecommerce Giant has developed a robot capable of identifying and handling individual items, a milestone in the e-commerce giant’s efforts to reduce its reliance on the human order pickers …
- BusinessGlobal NewsMobile Telecommunications Network (MTN)Southern AfricaSpotlightTelecommunications
MTN in a war against SARS for potentially double-dipping VAT on airtime
MTN and South African Revenue Services (SARS) are battling a case where the mobile network operator demands clarity about how VAT should apply to airtime vouchers according to PricewaterhouseCoopers (PWC) …
- AmazonBusinessEconomyMarketsSouth AfricaTechnology
Amazon is the first public company to lose $1 trillion in market value
Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered …
- AmazonBuildingBusinessEconomyFinance & ServicesSouth Africa
Big win for Amazon’s new headquarters in South Africa
The developers behind the R4.6-billion multi-purpose complex in Cape Town set to house Amazon’s new African headquarters scored a major court win on Tuesday. The Supreme Court of Appeal dismissed …
- AirtelBusinessMarketsNigeriaTechnologyUncategorized
Jumai CEOs Sacha piognonnec and jeremy hodara step down as firm suffers losses
The founders and co-Chief Executive Officers of Jumia Technologies, Sacha Poignonnec and Jeremy Hodara, have both stepped down from their position with immediate effect. This is as the Africa-focused e-commerce …
- AirtelBusinessMobile Telecommunications Network (MTN)NigeriaSpotlightTelecommunications
FIRS briefs MTN, Airtel and commercial banks on the collection of VAT
The Federal Inland Revenue Service (FIRS) has appointed telecommunications giants, MTN and Airtel, as well as commercial banks or deposit money banks in Nigeria to withhold Value Added Tax (VAT) …