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Thursday, December 7, 2023

Liberty tops up pandemic reserve amid Covid-19 death claims

The third wave of the coronavirus has necessitated a top-up of insurance giant Liberty Holding's pandemic reserve, which it set up last year to provide for the expected impact...

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...

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Australia: Sex consent app proposal sparks backlash

Australians have derided a suggestion by the New South Wales (NSW) police commissioner that an app could be used to register sexual consent. On Thursday,...

Nashville explosion: Camper van blows up in ‘intentional act’ on Christmas morning

A parked camper van exploded in the US city of Nashville, Tennessee, early on Christmas morning, injuring three people and knocking out communications systems...

Trump banned from Twitter and Facebook – here’s why that doesn’t violate the First...

After months of escalating tensions between President Donald Trump and social media companies, Twitter and Facebook finally decided this week that the president had...