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Sunday, January 23, 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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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...

Coach Lehlohonolo Seema confident he won’t be sacked by trigger-happy boss ‘Chippa’ Mpengesi

What was a great start for Benni McCarthy in his first game as AmaZulu coach may have dire consequences for his Chippa United counterpart...

SA company gets R900 million to develop rapid Covid-19 test – using tobacco plants

Research into plant-based rapid diagnostic Covid-19 test kits, which aim to provide an affordable alternative to developing nations, has been given a major financial...