45 Canal+ already owns 45% of MultiChoice’s shares, and with this deal, it intends to buy the remaining shares for R125 per share, valuing the group at more than R50 billion. French…
Category: Business
Leadership shake-up at Rain – Conrad Leigh is new CEO
50 New Rain CEO Conrad Leigh Rain founder and CEO Brandon Leigh will step down from the role, while his brother Conrad Leigh will take the reins at the wireless internet network…
Outa concerned about new higher education minister
48 Outa keeps an eye on the department, having completed a report on corruption at NSFAS, and is now calling for action at Setas. Civil action organisation Organisation Undoing Tax Abuse (Outa) is…
JSE benchmark index tops 100 000 for first time
48 South Africa’s benchmark stock index crossed the psychological level of 100 000 for the first time on optimism that a crucial budget vote will get support from key parties in the governing…
Vodacom’s mobile money empire now moves R8-trillion a year
64 Vodacom Group CEO Shameel Joosub Vodacom Group on Wednesday said it facilitated US$460-billion (R8.1-trillion) in transactions through its mobile money platforms in the past year, including in Kenya, underscoring just how…
SA acts against dumping of Chinese and Thai washing machines
41Provisional anti-dumping duties in place for six months. Top load washing machines imported from China and Thailand are the latest products to encounter anti-dumping duties from the South Africa’s International Trade Administration…
South Africa among countries targeted in Microsoft SharePoint attacks
56 Microsoft has warned that Chinese state-sponsored hackers are among those exploiting flaws in its SharePoint software to break into institutions globally, with the US agency responsible for designing nuclear weapons now…
Big win for MultiChoice, Canal+ in deal talks
49 The Competition Tribunal has agreed to support the acquisition of MultiChoice Group by London-listed Groupe Canal+, removing a major hurdle to their deal being consummated. The tribunal approved the proposed transaction,…
Here is how SMEs can prioritise their employees
56 ‘With the right approach, even the smallest business can attract, build and retain a team that performs like a powerhouse.’ Many businesses often forget to prioritise their employees, overlooking the fact…
Here’s why VW is recalling 253 Polo sedans – Is yours included?
47 The cars were made available for sale from 11 August 2022. Volkswagen of South Africa has informed the National Consumer Commission (NCC) of a recall of 253 Polo sedans. This is…