Investment holding company Brait said on Friday it has opted not to list fast-moving consumer goods group Premier on the JSE due to volatility, especially over the past 48 hours. …
South Africa
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BusinessEconomyINVESTMENTManufacturing & Consumer GoodsMarketsSouth Africa
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BusinessEconomyFinance & ServicesINVESTMENTSanlamSouth Africa
Sanlam and Absa officially partner to form South Africa’s largest black-owned asset manager
Sanlam and Absa have officially combined their investment businesses to form South Africa’s largest black-owned asset manager. The two companies announced in October 2021 that they were joining forces to …
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AviationBusinessEconomySouth AfricaTransportation & Logisitics
US airline Delta to starts it’s new direct route between Cape Town and Atlanta
US airline Delta is set to start its new direct route between Cape Town and Atlanta in the US on Saturday 3 December. The airline has already offered direct flights …
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AmazonBusinessEconomySouth AfricaTechnology
Meta fined R4.7bn over data leak of half a billion of it’s Facebook users
Meta Platforms was slapped with a €265 million (R4.7 biillion) fine for failing to prevent the leak of the personal data of more than half a billion users of its …
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EnergyInformation & TechnologyManufacturingSouth AfricaTelecommunications
Reunert witnesses R844 million increase in revenue and operating profit
Reunert has released its preliminary annual results, reporting increases in revenue and operating profit of 16% and 17%. It also saw a 10% overall increase in profit. Among Reunert’s interests …
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BusinessSouth AfricaTechnology
Twitter CEO Elon Musk says user signups at all-time high and touts features of ‘everything app’
Twitter CEO Elon Musk says new user signups to the social media platform are at an “all-time high”, as he struggles with a mass exodus of advertisers and users fleeing …
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AmazonBusinessEconomyGlobal NewsMarketsSouth AfricaUncategorized
Amazon to face strikes and protests from thousands of workers across 40 countries
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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AFRICA NEWSBusinessEconomySouth Africa
Twitter agrees to talks with fired Africa staff over severance
Twitter agreed to engage with fired staff from its only African office after they were offered poorer-than-announced severance packages. Affected employees in the Ghanaian capital, Accra, have secured talks with …
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Mr. Price has released its interim results and reports that its telecoms segment generated R570 million in revenue during the 26 weeks from 2 April to 1 October 2022. The …
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BusinessInformation & TechnologySouthern AfricaTechnology
DStv slaps Capetonian pirate with 7-year jail sentence
Capetonian man has been sentenced to a seven year jail time by The Bellville Specialised Commercial Crime Court for infringing MultiChoice’s copyright by selling access to pirated DStv content. The …