67 The popular Ford Ranger model is manufactured at the company’s plant outside Pretoria Ford Motor’s South African unit plans to lay off more than 470 employees as it seeks to adjust…
Category: Business
PayInc emerges as South Africa’s national payments utility
84 Bankserv Africa – now PayInc – CEO Stephen Linnell Automated clearing house and settlements hub BankservAfrica on Thursday announced a major refresh of the company’s brand, changing its name to PayInc…
Elevated journeys begin here: Cape Town’s new airport lounge sets a gold standard in travel
75 This launch marks the third transformation in the rollout of the premium The Lounge concept, following successful redesigns at OR Tambo International Airport in Johannesburg and Chief Dawid Stuurman International Airport…
Competition Tribunal slaps Toyota and WesBank with R30 million penalty
63 The agreement gave customers less choice of where to get vehicle financing, which is classified as uncompetitive behaviour. The Competition Tribunal has confirmed settlement agreements between the Competition Commission and WesBank,…
Durban University of Technology responds to misinformation on DUT355 infrastructure project
61Media Statement issued by the Durban University of Technology. The Durban University of Technology (DUT) notes with concern the misinformation and unfounded allegations published by a Johannesburg-based media outlet regarding an infrastructure…
HONOR 400 and 400 Pro showcase advanced AI capabilities
55 Leading the AI shift World-first AI Camera Button (Android exclusive) Veo 2 Image-to-Video, integrated Ambient AI: call summaries, tone assist, auto-light $10 billion Alpha Plan powering AI innovation Industry recognition: “Game-changing…
Nersa confirms R54bn secret settlement with Eskom, consumers to pay
48 Consumers to pay almost R100bn for the regulator’s mistakes. Energy regulator Nersa confirmed in a statement on Wednesday evening that it has entered into a settlement with Eskom, following the mistakes…
Why the Blue Label share price is taking a beating
67 Flagship Asset Management’s Philip Short Blue Label Telecoms’ share price has plunged more than a quarter in the past two days after its annual results, published on Tuesday, appeared to disappoint…
South Africa a step closer to getting a national payments utility
89 The Competition Commission has recommended that the Competition Tribunal approve the South African Reserve Bank’s proposed acquisition of full control of BankservAfrica – and has done so without attaching any conditions….
Transnet to issue request for proposals for private rail partners soon
66 However, Transport Minister Barbara Creecy says this process will take place in the context of ‘the network as a whole remaining in state ownership’. Transnet will issue a request for proposals…