181 MTN Nigeria Communications CEO Karl Toriola MTN Nigeria has reported a dramatic reversal in fortunes, swinging from a loss of ₦400.4-billion (R4.7-billion) in 2024 to a profit after tax of ₦1.1-trillion…
Category: Business
Global GPU shortage set to deepen gaming industry woes
210 Nvidia’s RTX 5090 GPU A global shortage of gaming chips could last until the end of this year, an Nvidia executive has said, signalling more pain for the videogame industry that…
Netflix walks away from ‘irrational’ Warner Bros deal
204 A Netflix building in Hollywood. Daniel Cole/Reuters Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise…
R850bn public sector wage bill is government’s biggest expense
238 Government has introduced an early retirement programme to cut down the costs. Government is set to loosen the purse strings by an extra R90 billion, pushing consolidated spending to R2.67 trillion…
Spur lifts profit 13% despite FMD squeeze
188 Interim earnings rise to R244.7m as sales top R6.4bn, dividend climbs 13%, and management backs appeal in R233m GPS dispute. Spur Corporation has delivered a robust set of interim results for…
SOEs rack up losses of R172bn in five years – National Treasury
217 Many SOEs rely on the public purse despite operational gains. Turning around the financial performance of state-owned enterprises (SOEs) is central to improving South Africa’s economic performance, says National Treasury in…
the case for a South African comeback
221 Finance minister Enoch Godongwana doesn’t appear to be a politician given to hyperbole. So, when he stood in parliament on Wednesday and called his 2026 national budget a “turning point” in…
Budget 2026: NSFAS faces billions‑rand funding cut
168 The budget allocation will help 744 203 students access higher education. The National Student Financial Aid Scheme (Nsfas) will receive R54.3 billion in the current financial year to help students from…
Data centre ‘critical infrastructure’ tag welcomed, but detail still thin
177 South Africa’s data centre industry has cautiously welcomed the government’s move to designate data centres as critical infrastructure, though key details – including what incentives will be offered and how the…
The gap between AI hype and CX reality is widening
144 Tech companies are under intense pressure. Renewals are harder to secure, customers expect instant solutions and AI-native competitors are moving fast. Customer experience and customer success teams are tackling more complex…