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Saturday, January 16, 2021

SAB CANCELS ANOTHER R2.5 BILLION IN INVESTMENTS DUE TO ALCOHOL BAN

The South African Breweries (SAB) has canceled another R2.5 billion in investments for its annual capital and infrastructure upgrade programs. This follows the government's decision to ban the sale of...

Telkom partners with SABC to launch mobile streaming service

Telkom has partnered with the South African Broadcasting Corporation (SABC) to launch a new streaming channel, TelkomONE. The mobile operator channel will house the public broadcaster’s free-to-air radio and...

Reserve Bank to hold repo at record low through 2021

The Reserve Bank will keep its repo rate at a record low 3.50% at its January 21 meeting, and for the rest of 2021, as the coronavirus pandemic rages...

Forget Twitter, Trump’s son just asked Elon Musk to develop an app his dad...

US President Donald Trump may have had his Twitter account permanently suspended, but his son is already out here looking for an alternative to help his dad out. In a...

2020 wasn’t great – but these South African businesses made the most of it

2020 was an objectively terrible, terrible year for the majority of South African businesses. Covid-19 and its associated lockdowns ended, or sped up the demise, of several established household names,...

Boeing to pay more than $2.5 billion to settle criminal conspiracy charge over 737...

Boeing agreed to pay more than $2.5 billion to settle a criminal probe with the U.S. Justice Department, which accused the company of concealing information about its 737 Max airplane...

Fiat Chrysler unveils new three-row Jeep Grand Cherokee SUV

DETROIT — Fiat Chrysler is expanding its popular Jeep Grand Cherokee lineup with a new three-row model, which the company believes will widen the vehicle’s appeal in an increasingly competitive SUV...

Malaysia plans to build three new islands, where 15,000 people can live car-free

Bjarke Ingels Group, among other private entities, is partnering with Malaysia's Penang state government to create the Penang South Islands. Bjarke Ingels Group, or BIG for short, and Ramboll, a project...

These sectors are set to do well in 2021 if India can avoid a...

SINGAPORE — Several sectors including financial services could do well in India this year if the country manages to avoid a second wave of coronavirus infections, according to one...

London Mayor Sadiq Khan declares a ‘major incident’ as hospitals in city overwhelmed with...

London Mayor Sadiq Khan has declared a "major incident" in the UK capital as the city's hospitals verge on becoming overwhelmed with Covid patients.Khan said the number of coronavirus...

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Samsung vice chairman Jay Y. Lee faces nine-year sentence in bribery case

Samsung Electronics vice chairman Jay Y. Lee faces a nine-year prison term in the bribery case that contributed to the downfall of former president...

Delaying 2021 elections to 2024 is unconstitutional: Herman Mashaba to Julius Malema

A delay of the 2021 local government elections to 2024, as called for on Thursday by the EFF, would create a constitutional crisis, says...

Goodbye Flash, goodbye FarmVille

While much of what made 2020 such an absolute nightmare will still be with us on January 1 (sorry!), we will really, truly be...