Walmart in South Africa: America’s biggest retailer is coming to Mzansi
Walmart, the world’s largest retailer, has confirmed plans to open branded stores in South Africa later this year, promising low prices and local partnerships.
News
News
Spur set to lose millions in GPS Food dispute
An arbitrator has ruled against Spur Corporation in its multi-million rand legal fight with GPS Food Group, with the restaurant franchisor now facing possible damages worth more than R100 million.
News
US tariffs come into effect: Ramaphosa holds crunch talks with Trump
President Cyril Ramaphosa and Donald Trump discussed trade ahead of new US tariffs that could hurt South African exports and retail businesses.
Viral
Who is Phuthi Mahanyele-Dabengwa? – Get to know the woman behind the R240m Naspers stock frenzy
Phuthi Mahanyele-Dabengwa sold R240 million in Naspers shares to settle taxes and expenses.
News
South Africa lays out plans to soften the blow on 30% tariff
South African businesses are feeling the impact of the new 30% tariff imposed by the United States, and the government has introduced a multi-part plan to protect local industries and jobs.
Viral
American Eagle stock soars after Trump praises Sydney Sweeney
American Eagle stock climbed sharply after former U.S. President Donald Trump reacted positively to an ad campaign featuring actress Sydney Sweeney.
News
MultiChoice tests new strategy in a bid to save DStv Stream
DStv Stream faces uncertain future as MultiChoice tests new strategies to stop subscriber losses and grow its streaming platforms.
News
Government welcomes reduction in repo rate
Addressing a media briefing on the MPC’s decision on the repo rate, SARB Governor Lesetja Kganyago said the decision to reduce the policy rate was unanimous.
Lifestyle
Three essentials for turning your hobby into a profitable home-based business
Discover the three key elements you need to transform your hobby into a successful home-based business, including mindset, determination, and a proven system.
Lifestyle
How can you benefit from business consulting services?
People often approach business consulting services as they benefit their company’s growth. Read the blog to learn how.
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.