News
Sasfin records epic losses amid plans to delist from JSE
The company’s headline earnings took a dramatic plunge, reporting a loss of R58.68 million, a stark contrast to the profit of R112.68 million in 2023.
International
Tom Brady now owns the Las Vegas Raiders: Here’s what it took
Tom Brady has been approved as the new owner of the Las Vegas Raiders. Here's what it took for the NFL legend to own a team.
Technology
Takealot has sold Superbalist: Here’s what we know
Takealot has sold Superbalist to a consortium led by Blank Canvas Capital as part of a strategy to focus on its core businesses.
Technology
Showmax is bleeding MultiChoice dry – Here’s why
MultiChoice experienced significant losses due to increased investment in Showmax and adverse economic conditions.
News
Pick n Pay plans to close 100 stores after posting worrying results
The closure of these stores is expected to save approximately R850 million in costs and avoid further losses.
News
Rolex exits South Africa’s luxury market after 76 years
After 76 years, Rolex is closing its Sandton office.
News
South Africa’s business industry sends warning to Ramaphosa about NHI Bill
As President Cyril Ramaphosa prepares to sign the NHI Bill, South Africa’s business and medical sectors express severe reservations about the legislation's viability and constitutional alignment.
Technology
Amazon officially launches in South Africa: Here’s what you must know
Amazon.co.za is now live, bringing a diverse selection of products and enhanced shopping services to South African customers.
News
Is Shell leaving South Africa? – Here’s what you must know
Shell plans to divest its majority shareholding in its South African downstream unit, ending over a century of operations in the region.
News
Ster-Kinekor under fire for culling jobs post-COVID ‘recovery’
Ster-Kinekor is facing criticism for issuing retrenchment notices to 236 employees amid recovery efforts post-COVID.
Lifestyle
Dis-Chem sells shares worth R1.4 billion to Coronation: Here’s what it means
Dis-Chem transferred R1.4 billion shares to Coronation, a move reshaping the ownership landscape of the pharmacy leader.
Cape Town Buzz
City of Cape Town prepares to auction this Foreshore Tower site
The City of Cape Town has unveiled details about an upcoming auction for the lease of this prime Foreshore Tower site.
News
FSCA investigates BFG Engineering for unlicensed insurance operations
The FSCA has launched an investigation to determine if BFG Engineering is licensed to provide insurance services. Here's what you must know.
News
Loadshedding isn’t Volkswagen South Africa’s primary reason for considering an exit
Volkswagen South Africa faces challenges beyond loadshedding, including global cost-cutting strategies and a shift towards electric vehicles.
Technology
Sam Altman reinstated as OpenAI CEO after turbulent week
Sam Altman was reinstated as OpenAI CEO four days after he was fired. His return came with these contingencies.
Technology
Emmett Shear: Twitch founder leads frontier on artificial intelligence as OpenAI CEO
Emmett Shear steps in as OpenAI's CEO, succeeding Sam Altman, in a significant leadership shift at the AI research organisation.
Technology
OpenAI gets a new CEO after Sam Altman was fired
OpenAI sent shockwaves reverberating across Silicon Valley when, in a fiery statement, the company announced CEO Sam Altman was fired.
News
Multichoice profitability suffers a massive blow in Y24 financial reports
Multichoice, despite maintaining a positive trade profit margin, posted massive headline losses in its financial report.
Travel
Boeing lands massive $52 billion Emirates order at 2023 Dubai Airshow
The Emirates' record-breaking Boeing order at the 2023 Dubai Airshow signifies the airline's enduring importance in the global aviation sector.
Technology
Netflix set to increase subscription prices amid strong Q3 earnings performance
Netflix is set to raise its subscription prices amid a strong Q3 earnings performance with a revenue of $8.5 billion.
Technology
Nokia Q3 earnings: Poor revenues force tech giant to cut 14,000 jobs
Nokia's Q3 earnings exhibit a fiscal downturn prompting a significant workforce reduction of 14,000 jobs by 2026.
Lifestyle
Investor’s Guide: Is Transaction Capital Share Price a Buy, Hold, or Sell?
The management team at Transaction Capital anticipates even lower core, headline, and basic profits per share than they forecasted back in March.
Health
SA poultry producers warn of egg, chicken shortage due to rampant ‘bird flu’
Poultry meat shortages are also anticipated over the next four to six months, with initial effects potentially appearing as early as December 2023.
Lifestyle
Top Office Tech and Equipment To Help Boost Employee Wellness
Here's a list of all the top office tech and equipment that’ll help employees feel right at home and catered for all throughout their 9-to-5.
News
Takealot pilots 60-minute delivery service in Cape Town ahead of Amazon’s arrival
Takealot is piloting a 60-minute delivery service in Cape Town, as it prepares for the impending arrival of Amazon
Events
2023 Buy Local Summit: Here’s everything you need to know
Proudly SA is gearing up to host the 2023 Buy Local Summit, which will take place on 27 and 28 March at the Sandton Convention Centre.
Technology
Reed Hastings is stepping down as Netflix CEO
Reed Hastings is stepping down as Netflix's CEO amid the streaming giant's battle against losing subscribers.
Lifestyle
Loadshedding relief package in the works, SA’s Small Business Dept says
The Department of Small Business is working on an energy relief package for SMMEs to alleviate the impact of loadshedding.
News
Beyoncé’s mom ramps up speculation about Jay-Z NFL team acquisition
Jay Z's mother-in-law Tina Knowles has weighed in on rumours linking the rapper to a big money deal to buy an NFL team
Technology
FTX founder, Sam Bankman-Fried, issued this apology to former staff
Sam Bankman-Fried, FTX's founder apologises to ex members of staff after it collapsed earlier this month.
