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Thursday, June 30, 2022

Telkom appoints insider Serame Taukobong as CEO designate

The country's third-biggest telecom company Telkom said on Wednesday it has appointed the head of its consumer business, Serame Taukobong to be group CEO designate with effect from October...

Banks face R1.5bn bill for ATMs and branches attacked by looters

A destroyed Nedbank ATM at Diepkloof Mall in Soweto. The Banking Association SA said more than 1,400 ATMs and 269 bank branches were vandalised or destroyed in the unrest...

Why you should stay away from free VPNs

South Africans looking to protect their online activity should stay well clear of free Virtual Private Network (VPN) services. These pieces of software have become increasingly popular in recent years,...

Load-shedding cost South Africa over R1 trillion – Economics Professor

Economist Professor Jannie Rossouw estimated that South Africa’s economy could have been 25% larger if it was not for load-shedding. Load-shedding had a severe impact on the South African economy...

LG considers shutting down phone business – Report

LG Electronics Inc. may shutter its mobile communication business rather than sell it, DongA Ilbo reports, citing an unidentified person in the electronics industry. Negotiations with Germany’s Volkswagen AG and Vietnam’s...

New Cape Winelands Airport plans revealed

South African billionaire Rob Hersov announced he is planning to convert the former Fisantekraal Airport into the “Lanseria Airport of Cape Town”. Hersov and business partner Nick Ferguson bought the Fisantekraal Airport...

Donald Trump’s wealth takes tumble during presidency

Donald Trump's net worth dropped by about $700m to $2.3bn (£1.65bn) during his time as president, according to the Bloomberg Billionaires Index. The Covid-19 pandemic hit his fortunes hard, with...

Eni and Shell: Italian court acquits oil giants in Nigeria corruption case

An Italian court has cleared two global oil giants, Eni and Shell, over allegations of corruption in Nigeria. The long-running case centred around the $1.3bn (£936m) purchase of an offshore...

Russia recalls envoy after Biden remarks about Putin

Russia has recalled its Washington ambassador for talks to prevent the "irreversible deterioration" of relations with the US. The Russian government said Anatoly Antonov had been called back to Moscow...

Reserve saves Sanlam’s bacon

When Sanlam reported its 2019 financial results a year ago it was one of the last of the old-style physical results presentations - and already the shadow of the...

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ESKOM REDUCES LOAD SHEDDING TO STAGE 1 ONLY FOR TONIGHT

Eskom has on Sunday announced that it will reduce load shedding to stage 1 tonight from 11 pm until 5 am and will revert...

Moderna’s Covid-19 vaccine becomes the third shot approved for use in the UK

The UK approved Moderna's Covid-19 vaccine Friday, making it the third coronavirus shot to be rolled out in the country. The Covid-19 vaccine, which works...

Trump bans Alipay and seven other Chinese apps

US President Donald Trump has signed an executive order banning transactions with eight Chinese apps. The apps include popular payments platform Alipay, as well as...