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 ...
Tag: Business
Showmax is bleeding MultiChoice dry – Here’s why
MultiChoice experienced significant losses due to increased investment in Showmax and adverse economic conditions.
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.
Rolex exits South Africa’s luxury market after 76 years
After 76 years, Rolex is closing its Sandton office.
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 ...
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.
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 ...
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.
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.
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 ...
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 ...
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.
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.
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.
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.
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.
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.
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.
Nokia Q3 earnings: Poor revenues force tech giant to cut 14,000 jobs
Nokia's Q3 earnings exhibit a fiscal downturn prompting a significant workforce reduction of 14,000 jobs by 2026.
Investor’s Guide: Is Transaction Capital Share Price a Buy, Hold, or Sell?
The management team at Transaction Capital anticipates even lower core, headline, and basic profits per share than they forecasted back ...
SA poultry producers warn of egg, chicken shortage due to rampant ‘bird flu’
Poultry meat shortages are also anticipated over the next four to six months, with initial effects potentially appearing as early ...
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